ExodusPoint Capital Management LP Invests $655,000 in Genesco Inc. (NYSE:GCO)

ExodusPoint Capital Management LP acquired a new position in shares of Genesco Inc. (NYSE:GCO) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 17,748 shares of the company’s stock, valued at approximately $655,000. ExodusPoint Capital Management LP owned about 0.14% of Genesco at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rhumbline Advisers raised its position in Genesco by 2.4% in the 1st quarter. Rhumbline Advisers now owns 42,996 shares of the company’s stock valued at $1,586,000 after purchasing an additional 1,020 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in Genesco in the 1st quarter valued at $410,000. Tower Research Capital LLC TRC raised its position in Genesco by 672.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 8,955 shares of the company’s stock valued at $330,000 after purchasing an additional 7,796 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Genesco in the 1st quarter valued at $246,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Genesco by 70.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,563 shares of the company’s stock valued at $95,000 after purchasing an additional 1,061 shares during the last quarter. Hedge funds and other institutional investors own 76.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Genesco in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

Insider Transactions at Genesco

In related news, Director Gregory A. Sandfort acquired 11,500 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were acquired at an average cost of $22.05 per share, for a total transaction of $253,575.00. Following the acquisition, the director now directly owns 15,780 shares in the company, valued at approximately $347,949. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.33% of the company’s stock.

Genesco Price Performance

Shares of NYSE GCO opened at $30.59 on Thursday. The stock has a market cap of $384.30 million, a price-to-earnings ratio of 65.09 and a beta of 1.98. Genesco Inc. has a 52 week low of $17.31 and a 52 week high of $53.25. The company’s 50-day moving average price is $27.80 and its 200 day moving average price is $31.02. The company has a current ratio of 1.63, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25.

Genesco (NYSE:GCO) last released its earnings results on Thursday, August 31st. The company reported ($0.85) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.23) by $0.38. The company had revenue of $523.00 million for the quarter, compared to analyst estimates of $497.25 million. Genesco had a net margin of 0.38% and a return on equity of 5.11%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. As a group, research analysts forecast that Genesco Inc. will post 2.24 earnings per share for the current fiscal year.

Genesco Company Profile

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands.