Genesco Inc. $GCO Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC reduced its holdings in Genesco Inc. (NYSE:GCO) by 67.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,929 shares of the company’s stock after selling 22,765 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.10% of Genesco worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GCO. Vanguard Group Inc. grew its holdings in Genesco by 23.9% in the first quarter. Vanguard Group Inc. now owns 899,123 shares of the company’s stock valued at $19,088,000 after purchasing an additional 173,255 shares during the period. XTX Topco Ltd acquired a new position in shares of Genesco in the 1st quarter valued at $424,000. Pzena Investment Management LLC boosted its holdings in shares of Genesco by 44.4% in the 2nd quarter. Pzena Investment Management LLC now owns 1,433,190 shares of the company’s stock valued at $28,220,000 after purchasing an additional 440,837 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Genesco by 269.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 61,067 shares of the company’s stock valued at $1,296,000 after buying an additional 44,552 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Genesco by 23.5% during the 1st quarter. American Century Companies Inc. now owns 341,837 shares of the company’s stock worth $7,257,000 after buying an additional 65,030 shares during the last quarter. 94.51% of the stock is owned by institutional investors and hedge funds.

Genesco Trading Down 3.3%

NYSE:GCO opened at $30.77 on Tuesday. Genesco Inc. has a 52 week low of $16.19 and a 52 week high of $44.80. 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 company has a market cap of $332.11 million, a PE ratio of -12.61 and a beta of 2.23. The business’s 50 day moving average is $30.59 and its two-hundred day moving average is $26.36.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on GCO. Jefferies Financial Group lifted their target price on Genesco from $24.00 to $29.00 and gave the company a “hold” rating in a report on Friday, August 29th. Wall Street Zen downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Seaport Res Ptn raised shares of Genesco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Truist Financial lifted their target price on shares of Genesco from $25.00 to $31.00 and gave the company a “hold” rating in a report on Friday, August 29th. Finally, Zacks Research cut shares of Genesco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.