Genesco Inc Bullish Trade. Legion Partners Asset Management increased Its Position

March 19, 2018 - By reb123z

 Genesco Inc Bullish Trade. Legion Partners Asset Management increased Its Position

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.

Employees Retirement Association Of Colorado has 0% invested in Genesco Inc. (NYSE:GCO). Kbc Gru Nv accumulated 30,924 shares. Art Advsrs Limited Co invested in 23,000 shares. Ls Invest Advsrs Ltd Liability Co holds 0% of its portfolio in Genesco Inc. (NYSE:GCO) for 700 shares. 1.73M were reported by Vanguard Inc. Palisade Cap Mngmt Ltd Nj holds 0.14% or 147,118 shares in its portfolio. Lsv Asset reported 0% stake. Parallax Volatility Advisers Ltd Partnership reported 0% stake. 275,132 are owned by Schwab Charles Invest Mngmt Inc. Legal General Group Inc Public Ltd Company reported 50,995 shares. Voya Inv Ltd Company holds 10,174 shares or 0% of its portfolio. Prudential Fin stated it has 0.01% of its portfolio in Genesco Inc. (NYSE:GCO). Victory Inc stated it has 543,085 shares. Portolan Cap Mngmt Ltd Liability Co holds 98,717 shares or 0.31% of its portfolio. Goldman Sachs Group Incorporated reported 0% stake.

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. The rating was initiated by Pivotal Research with “Buy” on Thursday, January 25. B. Riley & Co upgraded the stock to “Buy” rating in Monday, May 22 report. B. Riley & Co initiated the stock with “Neutral” rating in Thursday, February 11 report. The rating was downgraded by Sterne Agee CRT on Tuesday, April 19 to “Neutral”. Robert W. Baird downgraded the shares of GCO in report on Friday, September 2 to “Neutral” rating. The firm earned “Neutral” rating on Thursday, November 17 by Susquehanna. The company was maintained on Monday, October 16 by SunTrust. On Wednesday, April 26 the stock rating was upgraded by Susquehanna to “Positive”. The rating was downgraded by Morgan Stanley on Wednesday, July 20 to “Equal-Weight”. The firm has “Buy” rating given on Thursday, March 15 by Piper Jaffray.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.