Genesco Inc. (NYSE:GCO) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. trimmed its stake in shares of Genesco Inc. (NYSE:GCO) by 81.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,835 shares of the company’s stock after selling 7,968 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Genesco were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of GCO. Allspring Global Investments Holdings LLC increased its position in Genesco by 4,977.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,656 shares of the company’s stock worth $95,000 after purchasing an additional 3,584 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Genesco in the second quarter valued at approximately $113,000. XTX Topco Ltd acquired a new position in Genesco during the second quarter worth $364,000. First Hawaiian Bank boosted its position in shares of Genesco by 108.2% during the 2nd quarter. First Hawaiian Bank now owns 16,680 shares of the company’s stock worth $431,000 after purchasing an additional 8,670 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Genesco in the second quarter valued at about $463,000. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

Genesco Trading Up 0.7 %

GCO stock opened at $27.29 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. Genesco Inc. has a 52 week low of $23.21 and a 52 week high of $37.89. The business has a fifty day simple moving average of $28.30 and a 200-day simple moving average of $26.93. The company has a market cap of $317.27 million, a price-to-earnings ratio of -13.99 and a beta of 2.41.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Genesco from a “buy” rating to a “hold” rating in a research report on Monday, September 9th.

Genesco 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 Genesco Brands.