Genesco Inc. $GCO Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its stake in shares of Genesco Inc. (NYSE:GCO) by 361.6% in the fourth quarter, HoldingsChannel reports. The firm owned 46,570 shares of the company’s stock after buying an additional 36,481 shares during the quarter. Corient Private Wealth LLC’s holdings in Genesco were worth $1,154,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in Genesco by 1.2% in the 4th quarter. SG Americas Securities LLC now owns 40,198 shares of the company’s stock valued at $996,000 after purchasing an additional 458 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Genesco by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock valued at $57,000 after buying an additional 941 shares during the period. Group One Trading LLC purchased a new stake in Genesco in the fourth quarter valued at approximately $26,000. Russell Investments Group Ltd. increased its position in Genesco by 6.3% during the third quarter. Russell Investments Group Ltd. now owns 18,966 shares of the company’s stock worth $550,000 after purchasing an additional 1,121 shares during the last quarter. Finally, Quarry LP increased its position in Genesco by 182.2% during the third quarter. Quarry LP now owns 1,964 shares of the company’s stock worth $57,000 after purchasing an additional 1,268 shares during the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Seaport Research Partners downgraded shares of Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th. Truist Financial set a $40.00 price objective on shares of Genesco in a research note on Friday, May 29th. Weiss Ratings downgraded Genesco from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Zacks Research raised Genesco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Genesco in a report on Friday, March 6th. Two analysts have rated the stock with a Strong Buy rating, two have given 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 “Moderate Buy” and a consensus price target of $36.67.

Genesco Trading Up 0.4%

GCO opened at $33.91 on Thursday. Genesco Inc. has a 52-week low of $21.23 and a 52-week high of $43.60. The company has a quick ratio of 0.37, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $376.72 million, a P/E ratio of 19.60 and a beta of 1.83. The firm’s 50 day moving average is $35.94 and its 200-day moving average is $31.14.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Friday, May 29th. The company reported ($2.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.58) by $0.40. Genesco had a net margin of 0.80% and a return on equity of 2.66%. The company had revenue of $487.03 million during the quarter, compared to analysts’ expectations of $474.32 million. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. Analysts expect that Genesco Inc. will post 2.25 EPS for the current fiscal year.

Genesco Company 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.