Genesco Inc. (NYSE:GCO) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its holdings in Genesco Inc. (NYSE:GCO) by 166.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,275 shares of the company’s stock after purchasing an additional 21,410 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Genesco were worth $931,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. acquired a new position in shares of Genesco in the third quarter worth $336,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Genesco by 139.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,279 shares of the company’s stock valued at $986,000 after purchasing an additional 21,158 shares during the period. Meeder Asset Management Inc. grew its stake in Genesco by 84.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 8,035 shares of the company’s stock worth $218,000 after purchasing an additional 3,683 shares in the last quarter. Quest Partners LLC increased its holdings 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 purchasing an additional 657 shares during the period. Finally, Empowered Funds LLC raised its position in Genesco by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 58,548 shares of the company’s stock valued at $1,591,000 after purchasing an additional 2,948 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Genesco Price Performance

Shares of GCO opened at $34.62 on Thursday. The firm has a market capitalization of $388.44 million, a price-to-earnings ratio of -494.50 and a beta of 2.41. The firm’s fifty day simple moving average is $28.47 and its 200-day simple moving average is $27.63. Genesco Inc. has a twelve month low of $23.21 and a twelve month high of $37.89. The company has a current ratio of 1.53, a quick ratio of 0.40 and a debt-to-equity ratio of 0.15.

Genesco (NYSE:GCO) last posted its quarterly earnings results on Friday, September 6th. The company reported ($0.83) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.12) by $0.29. The company had revenue of $525.19 million for the quarter, compared to analysts’ expectations of $512.19 million. Genesco had a positive return on equity of 0.49% and a negative net margin of 0.03%. Equities analysts forecast that Genesco Inc. will post 0.66 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.