Empowered Funds LLC Raises Stock Holdings in Genesco Inc. (NYSE:GCO)

Empowered Funds LLC grew its stake in Genesco Inc. (NYSE:GCO) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,501 shares of the company’s stock after buying an additional 2,953 shares during the quarter. Empowered Funds LLC owned approximately 0.55% of Genesco worth $2,629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Centiva Capital LP boosted its stake in shares of Genesco by 4.3% in the third quarter. Centiva Capital LP now owns 8,755 shares of the company’s stock worth $238,000 after acquiring an additional 357 shares during the period. Quest Partners LLC boosted its stake 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 acquiring an additional 657 shares during the period. Franklin Resources Inc. boosted its stake in shares of Genesco by 8.4% in the third quarter. Franklin Resources Inc. now owns 11,108 shares of the company’s stock worth $313,000 after acquiring an additional 859 shares during the period. nVerses Capital LLC bought a new position in shares of Genesco in the third quarter worth about $30,000. Finally, Point72 DIFC Ltd boosted its stake in shares of Genesco by 1,627.4% in the third quarter. Point72 DIFC Ltd now owns 1,641 shares of the company’s stock worth $45,000 after acquiring an additional 1,546 shares during the period. Hedge funds and other institutional investors own 94.51% of the company’s stock.

Insider Activity at Genesco

In related news, VP Daniel E. Ewoldsen sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total transaction of $170,720.00. Following the completion of the transaction, the vice president now directly owns 41,358 shares of the company’s stock, valued at approximately $1,765,159.44. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Genesco from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

Genesco Stock Performance

NYSE GCO opened at $40.00 on Friday. The business has a 50-day moving average price of $41.55 and a 200-day moving average price of $33.28. Genesco Inc. has a twelve month low of $23.21 and a twelve month high of $44.80. The firm has a market cap of $448.42 million, a price-to-earnings ratio of -16.46 and a beta of 2.35. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19.

Genesco (NYSE:GCO) last announced its quarterly earnings results on Friday, December 6th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.31. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The company had revenue of $596.30 million during the quarter, compared to analyst estimates of $577.73 million. During the same period in the prior year, the company earned $0.57 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts predict that Genesco Inc. will post 0.94 EPS for the current fiscal 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.