KBC Group NV raised its position in shares of Genesco Inc. (NYSE:GCO) by 12.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,924 shares of the company’s stock after acquiring an additional 3,412 shares during the period. KBC Group NV owned approximately 0.16% of Genesco worth $823,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Genesco by 37.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 275,132 shares of the company’s stock valued at $7,319,000 after purchasing an additional 74,700 shares during the period. Wells Fargo & Company MN lifted its stake in Genesco by 17.6% in the third quarter. Wells Fargo & Company MN now owns 64,964 shares of the company’s stock worth $1,728,000 after acquiring an additional 9,739 shares during the period. JPMorgan Chase & Co. lifted its stake in Genesco by 635.0% in the third quarter. JPMorgan Chase & Co. now owns 190,388 shares of the company’s stock worth $5,026,000 after acquiring an additional 164,485 shares during the period. Pinnacle Financial Partners Inc. purchased a new stake in Genesco in the third quarter worth about $226,000. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Genesco by 0.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 909,846 shares of the company’s stock worth $24,202,000 after acquiring an additional 3,578 shares during the period. Institutional investors and hedge funds own 97.82% of the company’s stock.

Genesco Inc. (NYSE:GCO) opened at $30.25 on Friday. Genesco Inc. has a fifty-two week low of $20.90 and a fifty-two week high of $69.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 0.47. The firm has a market cap of $609.34, a P/E ratio of 9.78, a P/E/G ratio of 1.05 and a beta of 1.38.

Genesco (NYSE:GCO) last issued its quarterly earnings results on Friday, December 1st. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.10). Genesco had a positive return on equity of 6.93% and a negative net margin of 4.24%. The business had revenue of $716.80 million during the quarter, compared to analyst estimates of $706.58 million. During the same quarter last year, the company posted $1.28 EPS. Genesco’s quarterly revenue was up .8% compared to the same quarter last year. analysts expect that Genesco Inc. will post 3.07 earnings per share for the current year.

GCO has been the subject of several analyst reports. SunTrust Banks set a $33.00 price target on shares of Genesco and gave the company a “buy” rating in a research report on Monday, October 16th. ValuEngine raised shares of Genesco from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Piper Jaffray Companies restated a “buy” rating and set a $39.00 price objective on shares of Genesco in a report on Sunday, October 1st. TheStreet downgraded shares of Genesco from a “c-” rating to a “d” rating in a report on Friday, December 1st. Finally, Morgan Stanley cut their price objective on shares of Genesco from $38.00 to $28.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Genesco has a consensus rating of “Hold” and an average target price of $33.29.

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About Genesco

Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.

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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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