Dimensional Fund Advisors LP Has $38.88 Million Stake in Genesco Inc. (GCO)

Dimensional Fund Advisors LP lessened its stake in shares of Genesco Inc. (NYSE:GCO) by 15.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,461,636 shares of the company’s stock after selling 267,099 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of Genesco worth $38,879,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its stake in shares of Genesco by 37.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 275,132 shares of the company’s stock worth $7,319,000 after purchasing an additional 74,700 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Genesco by 17.6% during the third quarter. Wells Fargo & Company MN now owns 64,964 shares of the company’s stock worth $1,728,000 after purchasing an additional 9,739 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Genesco by 635.0% during the third quarter. JPMorgan Chase & Co. now owns 190,388 shares of the company’s stock worth $5,026,000 after purchasing an additional 164,485 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new stake in shares of Genesco during the third quarter worth approximately $226,000. Finally, Fuller & Thaler Asset Management Inc. raised its position in Genesco by 0.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 909,846 shares of the company’s stock worth $24,202,000 after acquiring an additional 3,578 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Genesco Inc. (GCO) opened at $35.10 on Friday. The stock has a market capitalization of $698.95, a price-to-earnings ratio of -5.57, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 0.47. Genesco Inc. has a 52-week low of $20.90 and a 52-week high of $65.70.

Genesco (NYSE:GCO) last released its quarterly earnings data on Friday, December 1st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.10). The business had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $706.58 million. Genesco had a positive return on equity of 6.93% and a negative net margin of 4.24%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS. equities analysts expect that Genesco Inc. will post 3.08 EPS for the current fiscal year.

Several research analysts have issued reports on GCO shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $39.00 price objective on shares of Genesco in a research report on Wednesday, November 1st. Jefferies Group reiterated a “hold” rating and issued a $27.00 price objective on shares of Genesco in a research report on Thursday, October 12th. Zacks Investment Research upgraded Genesco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 14th. TheStreet cut Genesco from a “c-” rating to a “d” rating in a research report on Friday, December 1st. Finally, Susquehanna Bancshares reiterated a “hold” rating and issued a $30.00 price objective on shares of Genesco in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.25.

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Genesco Company Profile

Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.

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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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