Public Employees Retirement System of Ohio Has $479,000 Holdings in Genesco Inc. $GCO

Public Employees Retirement System of Ohio lifted its position in Genesco Inc. (NYSE:GCO) by 1,183.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,524 shares of the company’s stock after buying an additional 15,237 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Genesco were worth $479,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. UBS Group AG grew its position in shares of Genesco by 38.3% in the 4th quarter. UBS Group AG now owns 174,947 shares of the company’s stock valued at $4,333,000 after acquiring an additional 48,436 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Genesco by 361.6% in the 4th quarter. Corient Private Wealth LLC now owns 46,570 shares of the company’s stock valued at $1,154,000 after purchasing an additional 36,481 shares during the period. Silver Oak Securities Incorporated raised its holdings in shares of Genesco by 3.5% in the 1st quarter. Silver Oak Securities Incorporated now owns 18,688 shares of the company’s stock valued at $542,000 after purchasing an additional 627 shares during the period. SG Americas Securities LLC grew its holdings in Genesco by 1.2% during the fourth quarter. SG Americas Securities LLC now owns 40,198 shares of the company’s stock worth $996,000 after purchasing an additional 458 shares during the period. 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 buying an additional 1,268 shares during the last quarter. 94.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on GCO. Seaport Research Partners downgraded 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 report on Friday, May 29th. Weiss Ratings cut shares of Genesco from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Wall Street Zen downgraded shares of Genesco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Zacks Research cut shares of Genesco from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.67.

Genesco Stock Up 1.1%

NYSE GCO opened at $39.57 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 0.37 and a debt-to-equity ratio of 0.08. The company has a market cap of $439.67 million, a price-to-earnings ratio of 22.88 and a beta of 1.83. The company has a 50 day moving average of $36.61 and a 200-day moving average of $32.80. Genesco Inc. has a 1-year low of $21.92 and a 1-year high of $43.60.

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

Insider Buying and Selling at Genesco

In related news, Director Gregory A. Sandfort bought 2,958 shares of Genesco stock in a transaction dated Thursday, July 9th. The shares were bought at an average cost of $33.80 per share, with a total value of $99,980.40. Following the acquisition, the director owned 29,172 shares in the company, valued at $986,013.60. This trade represents a 11.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 23.11% of the company’s stock.

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.