Victory Capital Management Inc. decreased its holdings in Genesco Inc. (NYSE:GCO) by 9.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 500,387 shares of the company’s stock after selling 53,529 shares during the quarter. Victory Capital Management Inc. owned 2.51% of Genesco worth $19,866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GCO. Legion Partners Asset Management LLC raised its holdings in Genesco by 25.4% in the 1st quarter. Legion Partners Asset Management LLC now owns 1,033,534 shares of the company’s stock worth $41,961,000 after purchasing an additional 209,617 shares during the period. Prudential Financial Inc. raised its holdings in Genesco by 50.3% in the 1st quarter. Prudential Financial Inc. now owns 544,941 shares of the company’s stock worth $22,125,000 after purchasing an additional 182,400 shares during the period. Mackay Shields LLC acquired a new position in Genesco in the 1st quarter worth about $3,488,000. Eagle Asset Management Inc. raised its holdings in Genesco by 3.0% in the 1st quarter. Eagle Asset Management Inc. now owns 1,772,439 shares of the company’s stock worth $71,961,000 after purchasing an additional 50,895 shares during the period. Finally, Foresters Investment Management Company Inc. acquired a new position in Genesco in the 1st quarter worth about $1,888,000.

NYSE:GCO opened at $43.70 on Friday. Genesco Inc. has a 12 month low of $20.90 and a 12 month high of $45.90. The company has a quick ratio of 0.64, a current ratio of 2.93 and a debt-to-equity ratio of 0.13. The company has a market cap of $831.46 million, a price-to-earnings ratio of 13.92, a PEG ratio of 1.74 and a beta of 1.03.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Tuesday, June 5th. The company reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. Genesco had a positive return on equity of 6.98% and a negative net margin of 3.96%. The company had revenue of $645.00 million during the quarter, compared to analyst estimates of $636.37 million. During the same period in the previous year, the business earned $0.05 EPS. Genesco’s quarterly revenue was up .2% on a year-over-year basis. equities research analysts forecast that Genesco Inc. will post 3.19 earnings per share for the current year.

Several research firms have commented on GCO. ValuEngine lowered Genesco from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. CL King lowered Genesco from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 29th. They noted that the move was a valuation call. Zacks Investment Research lowered Genesco from a “buy” rating to a “hold” rating in a research note on Thursday, June 7th. Piper Jaffray Companies lowered Genesco from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $45.90 to $20.90 in a research note on Friday, June 1st. They noted that the move was a valuation call. Finally, Jefferies Financial Group lowered Genesco from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a research note on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Genesco presently has an average rating of “Hold” and a consensus price target of $37.88.

About Genesco

Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

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Institutional Ownership by Quarter for Genesco (NYSE:GCO)

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