Connor Clark & Lunn Investment Management Ltd. Buys 21,158 Shares of Genesco Inc. (NYSE:GCO)

Connor Clark & Lunn Investment Management Ltd. increased its stake in Genesco Inc. (NYSE:GCO) by 139.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,279 shares of the company’s stock after purchasing an additional 21,158 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Genesco were worth $986,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Meeder Asset Management Inc. grew its position in Genesco by 84.6% during the third quarter. Meeder Asset Management Inc. now owns 8,035 shares of the company’s stock valued at $218,000 after acquiring an additional 3,683 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Genesco by 54.9% in the third quarter. Quest Partners LLC now owns 1,854 shares of the company’s stock worth $50,000 after purchasing an additional 657 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Genesco by 5.3% in the third quarter. Empowered Funds LLC now owns 58,548 shares of the company’s stock worth $1,591,000 after purchasing an additional 2,948 shares during the last quarter. Olympiad Research LP purchased a new stake in Genesco in the third quarter worth $222,000. Finally, nVerses Capital LLC purchased a new stake in Genesco in the third quarter worth $30,000. 94.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Genesco from a “hold” rating to a “buy” rating in a research note on Monday, November 18th.

Genesco Stock Performance

Shares of Genesco stock opened at $34.62 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.40 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $388.44 million, a P/E ratio of -494.50 and a beta of 2.41. The business has a fifty day simple moving average of $28.47 and a two-hundred day simple moving average of $27.63. Genesco Inc. has a 12 month low of $23.21 and a 12 month high of $37.89.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, September 6th. The company reported ($0.83) EPS for the quarter, beating the consensus estimate of ($1.12) by $0.29. The business had revenue of $525.19 million during the quarter, compared to analyst estimates of $512.19 million. Genesco had a positive return on equity of 0.49% and a negative net margin of 0.03%. On average, equities analysts forecast that Genesco Inc. will post 0.66 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 Genesco Brands.