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

Connor Clark & Lunn Investment Management Ltd. lifted its position in Genesco Inc. (NYSE:GCO) by 139.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,279 shares of the company’s stock after acquiring an additional 21,158 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.32% of Genesco worth $986,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pzena Investment Management LLC lifted its holdings in Genesco by 64.1% during the second quarter. Pzena Investment Management LLC now owns 1,221,342 shares of the company’s stock valued at $31,584,000 after purchasing an additional 477,166 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Genesco by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 745,818 shares of the company’s stock valued at $19,286,000 after purchasing an additional 17,664 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Genesco by 57.3% during the second quarter. Acadian Asset Management LLC now owns 271,394 shares of the company’s stock valued at $7,016,000 after purchasing an additional 98,901 shares during the last quarter. American Century Companies Inc. lifted its holdings in Genesco by 20.2% during the second quarter. American Century Companies Inc. now owns 157,064 shares of the company’s stock valued at $4,062,000 after purchasing an additional 26,436 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Genesco by 38.0% during the second quarter. AQR Capital Management LLC now owns 102,986 shares of the company’s stock valued at $2,663,000 after purchasing an additional 28,374 shares during the last quarter. Institutional investors own 94.51% of the company’s stock.

Genesco Trading Up 5.2 %

Shares of Genesco stock opened at $34.62 on Thursday. Genesco Inc. has a 12-month low of $23.21 and a 12-month high of $37.89. The company has a market cap of $388.44 million, a price-to-earnings ratio of -494.50 and a beta of 2.41. 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 company’s 50-day moving average price is $28.47 and its 200-day moving average price is $27.63.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Friday, September 6th. The company reported ($0.83) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.12) by $0.29. Genesco had a negative net margin of 0.03% and a positive return on equity of 0.49%. The firm had revenue of $525.19 million for the quarter, compared to the consensus estimate of $512.19 million. On average, equities analysts expect that Genesco Inc. will post 0.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.