Parametric Portfolio Associates LLC Reduces Holdings in Genesco Inc. (NYSE:GCO)

Parametric Portfolio Associates LLC trimmed its holdings in shares of Genesco Inc. (NYSE:GCO) by 43.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,029 shares of the company’s stock after selling 92,720 shares during the period. Parametric Portfolio Associates LLC owned about 0.82% of Genesco worth $1,601,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in Genesco by 906.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,077 shares of the company’s stock worth $51,000 after acquiring an additional 970 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in Genesco by 42.0% during the first quarter. Public Employees Retirement Association of Colorado now owns 3,740 shares of the company’s stock worth $50,000 after acquiring an additional 1,107 shares during the last quarter. First Quadrant L P CA acquired a new position in shares of Genesco in the 1st quarter valued at $54,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Genesco in the 4th quarter valued at $232,000. Finally, Stifel Financial Corp acquired a new position in shares of Genesco in the 4th quarter valued at $233,000.

GCO has been the topic of a number of research analyst reports. Pivotal Research reiterated a “buy” rating and issued a $32.00 price target on shares of Genesco in a report on Tuesday, June 9th. Robert W. Baird decreased their price target on shares of Genesco from $52.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. ValuEngine upgraded shares of Genesco from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. Susquehanna Bancshares reiterated a “buy” rating and issued a $32.00 price target on shares of Genesco in a report on Tuesday, June 9th. Finally, Zacks Investment Research upgraded shares of Genesco from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $32.80.

Shares of GCO stock opened at $20.96 on Wednesday. The company’s fifty day simple moving average is $20.14 and its 200-day simple moving average is $28.82. Genesco Inc. has a 52 week low of $5.51 and a 52 week high of $53.20. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 1.72. The company has a market cap of $275.87 million, a PE ratio of -3.66 and a beta of 1.66.

Genesco (NYSE:GCO) last issued its earnings results on Tuesday, June 9th. The company reported ($3.65) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.52) by ($1.13). Genesco had a negative net margin of 4.03% and a positive return on equity of 2.57%. The business had revenue of $279.20 million during the quarter, compared to analysts’ expectations of $306.47 million. During the same period in the prior year, the business posted $0.36 EPS. The business’s revenue was down 43.7% on a year-over-year basis. Equities research analysts expect that Genesco Inc. will post -0.15 EPS for the current fiscal year.

Genesco Company Profile

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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