Genesco Inc Position Change by Legion Partners Asset Management

March 19, 2018 - By Dolores Ford

 Genesco Inc Position Change by Legion Partners Asset Management

Investors sentiment increased to 1.13 in 2017 Q3. Its up 0.03, from 1.1 in 2017Q2. It increased, as 26 investors sold Genesco Inc. shares while 34 reduced holdings. 18 funds opened positions while 50 raised stakes. 19.03 million shares or 2.66% more from 18.53 million shares in 2017Q2 were reported.

Putnam Limited invested 0.01% in Genesco Inc. (NYSE:GCO). 543,085 were reported by Victory Capital. Quantitative Investment Management Limited Liability Co has 0.01% invested in Genesco Inc. (NYSE:GCO). 239 are held by Meeder Asset Management. Aqr Cap Mgmt Limited Liability Corp accumulated 267,194 shares. Rhumbline Advisers reported 40,837 shares. Qs Ltd Company has 0.03% invested in Genesco Inc. (NYSE:GCO) for 128,442 shares. Cwm Limited Liability Co reported 21 shares stake. Sei Invests Company stated it has 0% of its portfolio in Genesco Inc. (NYSE:GCO). New York-based Euclidean Management Lc has invested 0.96% in Genesco Inc. (NYSE:GCO). Parallax Volatility Advisers L P has invested 0% in Genesco Inc. (NYSE:GCO). Tiaa Cref Inv Mgmt Lc reported 52,472 shares. 7,900 were reported by Louisiana State Employees Retirement Systems. Huntington Fincl Bank reported 3,421 shares or 0% of all its holdings. Ray Gerald L & Associate Ltd holds 0.08% or 25,309 shares in its portfolio.

Legion Partners Asset Management Reported increased Stake in Genesco Inc

Legion Partners Asset Management filed with SEC a SC 13D/A form for Genesco Inc. It can be found at: 000092189518001023. As reported by Legion Partners Asset Management, the filler increased its stake in the stock by 0.01 % for 1,033,634 shares. Legion Partners Asset Management currently owns 5.19% of the Consumer Discretionary- stock. Date of activity: March 16, 2018.

Genesco Inc Institutional Sentiment

Filings show 114 investors own Genesco Inc. The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 1123642. 19026638 were owned by these investors. 18 funds opened new Genesco Inc stakes, 50 increased positions. There were 26 that closed positions and 34 reduced them.

Fuller & Thaler Asset Management Inc is an investor bullish on Genesco Inc, owning 909846 shares as of Q3 2017 for 0.30% of its portfolio. Euclidean Technologies Management Llc owns 37619 shares or 0.96% of its portfolio. TX Smith Graham & Co Investment Advisors Lp have 1.09% of its portfolio for 390516 shares. Further, Landscape Capital Management Llc reported stake worth 0.43% of its portfolio. The NY Cooper Creek Partners Management Llc owns 475165 shares. Genesco Inc is 7.49% of its portfolio.

SEC Form 13D.

The stock decreased 2.01% or $0.8 during the last trading session, reaching $39.05. About 537,176 shares traded or 29.93% up from the average. Genesco Inc. (NYSE:GCO) has declined 26.87% since March 19, 2017 and is downtrending. It has underperformed by 43.57% the S&P500.

Genesco Inc. retails and wholesales footwear, apparel, and accessories. The company has market cap of $777.61 million. The company's Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy, and Underground by Journeys retail stores, as well as through e-commerce and catalogs for young men, women, and children. It currently has negative earnings. The Company’s Schuh Group segment operates Schuh retail footwear stores that offer casual and athletic footwear for men and women, as well as sells footwear through e-commerce.

Genesco Inc. (NYSE:GCO) Ratings Coverage

Among 14 analysts covering Genesco (NYSE:GCO), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. Genesco has $74 highest and $23.0 lowest target. $48.40’s average target is 23.94% above currents $39.05 stock price. Genesco had 49 analyst reports since July 24, 2015 according to SRatingsIntel. Piper Jaffray maintained the shares of GCO in report on Friday, September 29 with “Buy” rating. Jefferies maintained the shares of GCO in report on Friday, October 2 with “Hold” rating. Susquehanna initiated the stock with “Positive” rating in Friday, September 16 report. Susquehanna upgraded the stock to “Positive” rating in Wednesday, April 26 report. Susquehanna downgraded the stock to “Neutral” rating in Thursday, November 17 report. The firm has “Neutral” rating by B. Riley & Co given on Thursday, February 11. Piper Jaffray maintained the shares of GCO in report on Wednesday, February 14 with “Buy” rating. As per Thursday, March 15, the company rating was maintained by SunTrust. The company was maintained on Monday, February 26 by Jefferies. As per Wednesday, September 13, the company rating was maintained by Morgan Stanley.

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