Genesco Inc. $GCO Stock Holdings Trimmed by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in shares of Genesco Inc. (NYSE:GCO) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,175 shares of the company’s stock after selling 971 shares during the period. Rhumbline Advisers owned approximately 0.17% of Genesco worth $386,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in Genesco during the 1st quarter valued at $26,000. Virtus Advisers LLC bought a new stake in Genesco during the 1st quarter valued at $56,000. AlphaQuest LLC raised its stake in Genesco by 501,200.0% during the 1st quarter. AlphaQuest LLC now owns 5,013 shares of the company’s stock valued at $106,000 after acquiring an additional 5,012 shares in the last quarter. State of Wyoming raised its stake in Genesco by 48.9% during the 1st quarter. State of Wyoming now owns 8,438 shares of the company’s stock valued at $179,000 after acquiring an additional 2,772 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Genesco by 7,348.3% during the 1st quarter. GAMMA Investing LLC now owns 8,938 shares of the company’s stock valued at $190,000 after acquiring an additional 8,818 shares in the last quarter. Institutional investors own 94.51% of the company’s stock.

Genesco Stock Performance

Shares of NYSE GCO opened at $32.00 on Thursday. The company has a quick ratio of 0.35, a current ratio of 1.56 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $345.60 million, a price-to-earnings ratio of -13.11 and a beta of 2.22. The stock’s fifty day simple moving average is $28.52 and its 200 day simple moving average is $23.73. Genesco Inc. has a 52-week low of $16.19 and a 52-week high of $44.80.

Genesco (NYSE:GCO) last issued its earnings results on Thursday, August 28th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.25) by $0.11. The business had revenue of $545.97 million for the quarter, compared to analysts’ expectations of $531.89 million. Genesco had a positive return on equity of 1.75% and a negative net margin of 1.03%.The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.83) EPS. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS. As a group, sell-side analysts forecast that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Seaport Res Ptn raised Genesco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Wall Street Zen cut Genesco from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Zacks Research raised Genesco from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 29th. Jefferies Financial Group raised their target price on Genesco from $24.00 to $29.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Finally, Truist Financial raised their target price on Genesco from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $30.00.

About Genesco

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.