Genesco Inc. (NYSE:GCO) Short Interest Update

Genesco Inc. (NYSE:GCO) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 715,600 shares, a decrease of 5.2% from the April 15th total of 754,500 shares. Approximately 6.8% of the company’s stock are sold short. Based on an average trading volume of 119,500 shares, the days-to-cover ratio is presently 6.0 days.

Institutional Investors Weigh In On Genesco

Several institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC acquired a new stake in shares of Genesco during the third quarter worth about $24,863,000. Jacobs Levy Equity Management Inc. grew its position in Genesco by 294.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 231,078 shares of the company’s stock worth $7,122,000 after purchasing an additional 172,425 shares during the period. Gate City Capital Management LLC purchased a new position in shares of Genesco during the 4th quarter valued at about $5,162,000. Acadian Asset Management LLC acquired a new position in shares of Genesco in the 3rd quarter valued at about $4,456,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Genesco by 57.1% in the third quarter. Assenagon Asset Management S.A. now owns 150,202 shares of the company’s stock worth $4,629,000 after buying an additional 54,567 shares during the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley reissued a “neutral” rating and issued a $31.00 price objective (down previously from $43.00) on shares of Genesco in a research note on Tuesday, March 5th.

Genesco Stock Up 0.2 %

Shares of GCO stock traded up $0.05 during mid-day trading on Friday, hitting $27.03. 67,360 shares of the stock traded hands, compared to its average volume of 111,674. The stock’s fifty day moving average is $26.28 and its two-hundred day moving average is $29.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.40. Genesco has a 52-week low of $17.31 and a 52-week high of $37.89. The stock has a market cap of $310.20 million, a P/E ratio of -20.48 and a beta of 2.29.

Genesco (NYSE:GCO) last announced its earnings results on Friday, March 8th. The company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.66 by ($0.07). The firm had revenue of $739.00 million during the quarter, compared to analyst estimates of $705.66 million. Genesco had a negative net margin of 0.72% and a positive return on equity of 1.15%. Genesco’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $3.06 earnings per share. Equities analysts predict that Genesco will post 0.64 EPS for the current year.

About Genesco

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.