Quadrature Capital Ltd Decreases Stock Position in Genesco Inc. (NYSE:GCO)

Quadrature Capital Ltd cut its holdings in Genesco Inc. (NYSE:GCO) by 50.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,452 shares of the company’s stock after selling 8,619 shares during the period. Quadrature Capital Ltd’s holdings in Genesco were worth $298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rafferty Asset Management LLC purchased a new stake in shares of Genesco in the 3rd quarter worth about $205,000. Jump Financial LLC purchased a new stake in shares of Genesco in the 4th quarter worth about $250,000. Summit Global Investments purchased a new stake in shares of Genesco in the 4th quarter worth about $340,000. Hsbc Holdings PLC boosted its position in shares of Genesco by 35.3% in the 3rd quarter. Hsbc Holdings PLC now owns 12,112 shares of the company’s stock worth $375,000 after buying an additional 3,161 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of Genesco in the 3rd quarter worth about $505,000. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

Genesco Price Performance

NYSE:GCO opened at $25.16 on Wednesday. The firm has a market cap of $292.61 million, a price-to-earnings ratio of -12.90 and a beta of 2.37. The company has a current ratio of 1.65, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average is $26.09 and its two-hundred day moving average is $28.30. Genesco Inc. has a 12-month low of $23.21 and a 12-month high of $37.89.

Genesco (NYSE:GCO) last released its earnings results on Friday, May 31st. The company reported ($2.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.66) by $0.56. The company had revenue of $457.60 million for the quarter, compared to analyst estimates of $445.66 million. Genesco had a negative net margin of 0.97% and a positive return on equity of 0.40%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.59) EPS. Research analysts expect that Genesco Inc. will post 0.66 EPS for the current year.

Wall Street Analyst Weigh In

GCO has been the topic of several recent research reports. StockNews.com upgraded shares of Genesco from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. B. Riley restated a “neutral” rating and issued a $31.00 target price (down from $43.00) on shares of Genesco in a report on Tuesday, March 5th.

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.