Pzena Investment Management LLC Trims Stock Holdings in Genesco Inc. $GCO

Pzena Investment Management LLC reduced its stake in shares of Genesco Inc. (NYSE:GCO) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,385,618 shares of the company’s stock after selling 47,572 shares during the period. Pzena Investment Management LLC owned 0.13% of Genesco worth $40,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GCO. CWM LLC boosted its position in shares of Genesco by 61.5% in the second quarter. CWM LLC now owns 1,365 shares of the company’s stock worth $27,000 after purchasing an additional 520 shares during the period. Acadian Asset Management LLC boosted its holdings in Genesco by 0.3% in the 2nd quarter. Acadian Asset Management LLC now owns 412,527 shares of the company’s stock worth $8,119,000 after buying an additional 1,238 shares during the period. Jones Financial Companies Lllp purchased a new stake in Genesco in the 1st quarter worth $26,000. Tower Research Capital LLC TRC raised its holdings in Genesco by 37.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,514 shares of the company’s stock valued at $109,000 after acquiring an additional 1,499 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Genesco by 5.3% in the first quarter. Empowered Funds LLC now owns 64,783 shares of the company’s stock valued at $1,375,000 after acquiring an additional 3,282 shares in the last quarter. Institutional investors own 94.51% of the company’s stock.

Genesco Price Performance

GCO stock opened at $28.27 on Thursday. The company has a fifty day simple moving average of $28.60 and a two-hundred day simple moving average of $29.51. Genesco Inc. has a 52 week low of $16.19 and a 52 week high of $40.56. The company has a quick ratio of 0.30, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $305.03 million, a P/E ratio of -157.06 and a beta of 1.87.

Genesco (NYSE:GCO) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.08). The business had revenue of $616.22 million during the quarter, compared to the consensus estimate of $618.62 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. Analysts anticipate that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GCO. Truist Financial set a $38.00 target price on Genesco in a research note on Wednesday, January 14th. Williams Trading upgraded shares of Genesco to a “strong-buy” rating in a research report on Monday, January 12th. Jefferies Financial Group restated a “hold” rating and set a $32.00 target price on shares of Genesco in a research report on Monday, January 12th. Wall Street Zen cut shares of Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, UBS Group set a $38.00 price target on shares of Genesco in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Genesco presently has a consensus rating of “Hold” and a consensus target price of $36.00.

Genesco Profile

Genesco Inc is a Nashville, Tennessee-based retailer, wholesaler and licensee specializing in branded footwear, headwear, apparel and accessories. Through its portfolio of retail chains, wholesale distribution channels and licensing agreements, Genesco brings a range of product offerings to consumers in North America and Europe.

The company’s retail segment includes specialty chains such as Journeys, which targets fashion-focused teens and young adults in the United States and Canada, and Schuh, a footwear retailer with locations in the United Kingdom and Ireland.