ING Groep NV Raises Stock Holdings in Genesco Inc. $GCO

ING Groep NV boosted its holdings in shares of Genesco Inc. (NYSE:GCO) by 90.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 210,000 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. ING Groep NV owned approximately 1.95% of Genesco worth $6,088,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC raised its holdings in Genesco by 0.3% in the second quarter. Acadian Asset Management LLC now owns 412,527 shares of the company’s stock valued at $8,119,000 after acquiring an additional 1,238 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Genesco by 371.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 272,455 shares of the company’s stock valued at $5,365,000 after purchasing an additional 214,639 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Genesco by 29.7% during the second quarter. Bridgeway Capital Management LLC now owns 238,252 shares of the company’s stock worth $4,691,000 after purchasing an additional 54,498 shares during the last quarter. Shay Capital LLC bought a new stake in Genesco in the second quarter valued at about $4,027,000. Finally, MUFG Securities EMEA plc bought a new stake in Genesco in the second quarter valued at about $2,954,000. 94.51% of the stock is owned by institutional investors and hedge funds.

Genesco Stock Down 2.1%

GCO stock opened at $27.84 on Friday. The stock has a market cap of $300.35 million, a PE ratio of -154.64 and a beta of 1.87. The firm’s 50-day simple moving average is $28.24 and its 200 day simple moving average is $29.37. Genesco Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $41.52. The company has a quick ratio of 0.30, a current ratio of 1.58 and a debt-to-equity ratio of 0.14.

Genesco (NYSE:GCO) last posted its earnings results on Thursday, December 4th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.08). The business had revenue of $616.22 million for the quarter, compared to analysts’ expectations of $618.62 million. During the same period last year, the firm earned $0.61 earnings per share. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. As a group, sell-side analysts predict that Genesco Inc. will post 0.94 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 target price on shares of Genesco in a research report on Monday, January 12th. Williams Trading upgraded Genesco to a “strong-buy” rating in a research note on Monday, January 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Genesco in a research note on Wednesday, December 24th. Wall Street Zen cut shares of Genesco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Truist Financial set a $38.00 price target on shares of Genesco in a research report on Wednesday, January 14th. One 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. According to data from MarketBeat.com, Genesco has an average rating of “Hold” and an average price target of $36.00.

About Genesco

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.