Genesco Inc. $GCO Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its position in shares of Genesco Inc. (NYSE:GCO) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,860 shares of the company’s stock after selling 1,500 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.36% of Genesco worth $765,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in shares of Genesco in the 1st quarter valued at about $26,000. CWM LLC boosted its holdings in shares of Genesco by 61.5% in the second quarter. CWM LLC now owns 1,365 shares of the company’s stock valued at $27,000 after acquiring an additional 520 shares during the period. Virtus Advisers LLC acquired a new stake in shares of Genesco in the first quarter valued at approximately $56,000. AlphaQuest LLC grew its position in shares of Genesco by 501,200.0% during the first quarter. AlphaQuest LLC now owns 5,013 shares of the company’s stock worth $106,000 after acquiring an additional 5,012 shares during the last quarter. Finally, State of Wyoming increased its holdings in shares of Genesco by 48.9% in 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 during the period. 94.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Zacks Research downgraded shares of Genesco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Truist Financial lifted their price objective on shares of Genesco from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Seaport Res Ptn upgraded shares of Genesco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Genesco in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Genesco has an average rating of “Hold” and a consensus target price of $30.00.

Genesco Stock Up 6.8%

Shares of Genesco stock opened at $34.83 on Wednesday. Genesco Inc. has a one year low of $16.19 and a one year high of $44.80. The company has a market cap of $375.95 million, a P/E ratio of -14.27 and a beta of 2.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.35 and a current ratio of 1.56. The firm has a fifty day moving average of $30.44 and a two-hundred day moving average of $26.84.

Genesco (NYSE:GCO) last issued its quarterly 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 analyst estimates of $531.89 million. Genesco had a negative net margin of 1.03% and a positive return on equity of 1.75%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.83) earnings per share. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS. On average, analysts forecast that Genesco Inc. will post 0.94 earnings per share for the current year.

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.