LSV Asset Management Sells 18,600 Shares of Genesco Inc. $GCO

LSV Asset Management cut its holdings in Genesco Inc. (NYSE:GCO) by 43.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,300 shares of the company’s stock after selling 18,600 shares during the quarter. LSV Asset Management’s holdings in Genesco were worth $704,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. ING Groep NV grew its holdings in Genesco by 90.9% in the third quarter. ING Groep NV now owns 210,000 shares of the company’s stock worth $6,088,000 after purchasing an additional 100,000 shares during the period. AlphaQuest LLC boosted its position in shares of Genesco by 1,480.1% in the 3rd quarter. AlphaQuest LLC now owns 8,991 shares of the company’s stock worth $261,000 after purchasing an additional 8,422 shares in the last quarter. Summit Global Investments purchased a new stake in shares of Genesco in the 3rd quarter worth approximately $264,000. New York State Common Retirement Fund increased its position in Genesco by 5,053.8% during the 3rd quarter. New York State Common Retirement Fund now owns 4,793 shares of the company’s stock valued at $139,000 after buying an additional 4,700 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its position in Genesco by 12.4% during the 3rd quarter. SummerHaven Investment Management LLC now owns 35,160 shares of the company’s stock valued at $1,019,000 after buying an additional 3,865 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GCO has been the topic of several analyst reports. Truist Financial set a $38.00 target price on Genesco in a report on Wednesday, January 14th. UBS Group set a $38.00 price objective on shares of Genesco in a research report on Friday, December 5th. Zacks Research raised shares of Genesco from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Wall Street Zen downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $32.00 price target on shares of Genesco in a report on Monday, January 12th. 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’s stock. According to MarketBeat.com, Genesco presently has a consensus rating of “Hold” and an average target price of $36.00.

Genesco Stock Performance

Shares of NYSE GCO opened at $27.68 on Tuesday. The firm’s 50-day moving average price is $28.42 and its 200-day moving average price is $29.49. The company has a quick ratio of 0.30, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The company has a market cap of $298.65 million, a PE ratio of -153.77 and a beta of 1.87. Genesco Inc. has a 52-week low of $16.19 and a 52-week high of $41.52.

Genesco (NYSE:GCO) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.08). The firm 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, analysts anticipate that Genesco Inc. will post 0.94 EPS for the current 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.