First Hawaiian Bank Has $431,000 Holdings in Genesco Inc. (NYSE:GCO)

First Hawaiian Bank grew its stake in shares of Genesco Inc. (NYSE:GCO) by 108.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 16,680 shares of the company’s stock after acquiring an additional 8,670 shares during the quarter. First Hawaiian Bank owned about 0.14% of Genesco worth $431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Empowered Funds LLC raised its holdings in shares of Genesco by 7.9% during the 1st quarter. Empowered Funds LLC now owns 31,089 shares of the company’s stock worth $875,000 after buying an additional 2,275 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Genesco by 54.2% in the first quarter. BNP Paribas Financial Markets now owns 36,283 shares of the company’s stock valued at $1,021,000 after buying an additional 12,754 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of Genesco by 83.9% in the 4th quarter. GSA Capital Partners LLP now owns 68,943 shares of the company’s stock valued at $2,427,000 after acquiring an additional 31,456 shares during the last quarter. Gate City Capital Management LLC acquired a new stake in Genesco during the 4th quarter worth approximately $5,162,000. Finally, Franklin Resources Inc. increased its position in Genesco by 6.6% in the 4th quarter. Franklin Resources Inc. now owns 102,906 shares of the company’s stock valued at $3,623,000 after acquiring an additional 6,369 shares during the period. Institutional investors and hedge funds own 94.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Genesco from a “buy” rating to a “hold” rating in a report on Monday.

Genesco Trading Up 1.5 %

Shares of NYSE:GCO traded up $0.41 during trading on Tuesday, reaching $27.11. The stock had a trading volume of 52,186 shares, compared to its average volume of 131,922. Genesco Inc. has a 52 week low of $23.21 and a 52 week high of $37.89. The firm’s fifty day moving average is $26.60 and its 200 day moving average is $27.29. The stock has a market cap of $315.18 million, a price-to-earnings ratio of -13.65 and a beta of 2.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.37 and a current ratio of 1.65.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, May 31st. The company reported ($2.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.66) by $0.56. The company had revenue of $457.60 million for the quarter, compared to the consensus estimate of $445.66 million. Genesco had a positive return on equity of 0.40% and a negative net margin of 0.97%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.59) EPS. As a group, equities analysts forecast that Genesco Inc. will post 0.66 EPS for the current fiscal year.

Genesco 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.