Genesco Inc. (NYSE:GCO) Short Interest Up 8.3% in June

Genesco Inc. (NYSE:GCO) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 717,600 shares, an increase of 8.3% from the May 31st total of 662,300 shares. Based on an average daily volume of 137,800 shares, the days-to-cover ratio is currently 5.2 days. Currently, 6.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jump Financial LLC bought a new position in shares of Genesco in the fourth quarter valued at $250,000. Summit Global Investments acquired a new position in shares of Genesco during the fourth quarter valued at about $340,000. Hsbc Holdings PLC grew its holdings in shares of Genesco by 35.3% during the third quarter. Hsbc Holdings PLC now owns 12,112 shares of the company’s stock valued at $375,000 after buying an additional 3,161 shares during the last quarter. First Hawaiian Bank grew its holdings in shares of Genesco by 108.2% during the second quarter. First Hawaiian Bank now owns 16,680 shares of the company’s stock valued at $431,000 after buying an additional 8,670 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Genesco by 328.3% during the third quarter. Public Employees Retirement System of Ohio now owns 24,474 shares of the company’s stock valued at $754,000 after buying an additional 18,760 shares during the last quarter. 94.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Genesco from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd.

Genesco Stock Up 4.0 %

Shares of NYSE GCO opened at $24.38 on Thursday. Genesco has a 12-month low of $23.21 and a 12-month high of $37.89. The company’s fifty day simple moving average is $25.93 and its 200 day simple moving average is $28.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.65 and a quick ratio of 0.37.

Genesco (NYSE:GCO) last issued its earnings results on Friday, May 31st. The company reported ($2.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.66) by $0.56. The business had revenue of $457.60 million for the quarter, compared to analyst estimates of $445.66 million. Genesco had a negative net margin of 0.97% and a positive return on equity of 0.40%. Genesco’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.59) earnings per share. On average, equities analysts predict that Genesco will post 0.66 EPS for the current fiscal year.

Genesco Company Profile

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.