Inceptionr LLC Makes New $264,000 Investment in Genesco Inc. (NYSE:GCO)

Inceptionr LLC bought a new stake in shares of Genesco Inc. (NYSE:GCO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,173 shares of the company’s stock, valued at approximately $264,000. Inceptionr LLC owned 0.06% of Genesco at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GCO. Versor Investments LP bought a new stake in Genesco during the 4th quarter valued at about $543,000. Dynamic Technology Lab Private Ltd raised its stake in shares of Genesco by 166.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 34,275 shares of the company’s stock valued at $931,000 after acquiring an additional 21,410 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Genesco by 8.4% during the third quarter. Franklin Resources Inc. now owns 11,108 shares of the company’s stock valued at $313,000 after acquiring an additional 859 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Genesco by 124.9% in the third quarter. JPMorgan Chase & Co. now owns 251,142 shares of the company’s stock valued at $6,824,000 after purchasing an additional 139,485 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Genesco by 139.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company’s stock worth $986,000 after purchasing an additional 21,158 shares in the last quarter. 94.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Genesco from a “buy” rating to a “hold” rating in a research report on Friday.

Genesco Stock Down 16.4 %

NYSE:GCO opened at $27.10 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. Genesco Inc. has a 1-year low of $23.21 and a 1-year high of $44.80. The company has a 50-day moving average of $39.79 and a 200 day moving average of $34.29. The firm has a market cap of $303.81 million, a PE ratio of -11.15 and a beta of 2.41.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Friday, March 7th. The company reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.31 by ($0.05). The business had revenue of $745.95 million during the quarter, compared to analysts’ expectations of $780.43 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. During the same period in the previous year, the company posted $2.59 EPS. As a group, research analysts anticipate that Genesco Inc. will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling at Genesco

In other news, VP Daniel E. Ewoldsen sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total value of $170,720.00. Following the completion of the transaction, the vice president now directly owns 41,358 shares of the company’s stock, valued at approximately $1,765,159.44. The trade was a 8.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.09% of the company’s stock.

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 Genesco Brands.