Short Interest in Genesco Inc. (NYSE:GCO) Declines By 13.3%

Genesco Inc. (NYSE:GCO) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 451,100 shares, a drop of 13.3% from the December 15th total of 520,500 shares. Approximately 4.3% of the shares of the stock are sold short. Based on an average daily volume of 163,400 shares, the short-interest ratio is presently 2.8 days.

Insider Activity at Genesco

In other Genesco news, VP Daniel E. Ewoldsen sold 4,000 shares of Genesco stock in a transaction dated Tuesday, December 17th. The shares were 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 owns 41,358 shares in the company, valued at approximately $1,765,159.44. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.09% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in Genesco in the 2nd quarter worth about $27,000. nVerses Capital LLC acquired a new stake in Genesco in the 3rd quarter valued at approximately $30,000. Point72 DIFC Ltd raised its stake in Genesco by 1,627.4% during the 3rd quarter. Point72 DIFC Ltd now owns 1,641 shares of the company’s stock valued at $45,000 after acquiring an additional 1,546 shares in the last quarter. Quest Partners LLC boosted its position in Genesco by 54.9% during the 3rd 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. Finally, CWM LLC grew its stake in shares of Genesco by 256.4% in the third quarter. CWM LLC now owns 2,363 shares of the company’s stock worth $64,000 after purchasing an additional 1,700 shares in the last quarter. 94.51% of the stock is currently owned by institutional investors.

Genesco Stock Up 0.0 %

Shares of GCO traded up $0.01 during trading on Friday, reaching $40.40. The company’s stock had a trading volume of 274,283 shares, compared to its average volume of 158,057. Genesco has a twelve month low of $23.21 and a twelve month high of $44.80. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. The company has a market cap of $452.99 million, a price-to-earnings ratio of -16.63 and a beta of 2.37. The company has a fifty day moving average of $38.37 and a two-hundred day moving average of $31.50.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, December 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.31. The firm had revenue of $596.30 million for the quarter, compared to analysts’ expectations of $577.73 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. Genesco’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, sell-side analysts predict that Genesco will post 0.81 EPS 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 research note on Friday, December 6th.

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.