Genesco Inc. $GCO Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its stake in shares of Genesco Inc. (NYSE:GCO) by 13.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,080,582 shares of the company’s stock after selling 163,114 shares during the period. Pzena Investment Management LLC owned 9.95% of Genesco worth $31,326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of GCO. Royal Bank of Canada increased its position in Genesco by 15.4% during the first quarter. Royal Bank of Canada now owns 52,848 shares of the company’s stock worth $1,122,000 after purchasing an additional 7,042 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Genesco in the 1st quarter valued at approximately $26,000. Empowered Funds LLC grew its stake in shares of Genesco by 5.3% in the 1st quarter. Empowered Funds LLC now owns 64,783 shares of the company’s stock valued at $1,375,000 after buying an additional 3,282 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Genesco during the 2nd quarter worth approximately $208,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Genesco by 31.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 17,845 shares of the company’s stock worth $351,000 after buying an additional 4,268 shares during the last quarter. Hedge funds and other institutional investors own 94.51% of the company’s stock.

Genesco Stock Up 0.4%

Shares of NYSE:GCO opened at $33.91 on Thursday. The firm has a market capitalization of $376.72 million, a PE ratio of 19.60 and a beta of 1.83. Genesco Inc. has a 1 year low of $21.23 and a 1 year high of $43.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 0.37. The firm’s 50-day moving average is $35.94 and its two-hundred day moving average is $31.14.

Genesco (NYSE:GCO) last announced its earnings results on Friday, May 29th. The company reported ($2.18) earnings per share for the quarter, topping the consensus estimate of ($2.58) by $0.40. Genesco had a net margin of 0.80% and a return on equity of 2.66%. The firm 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. Analysts predict that Genesco Inc. will post 2.25 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on GCO. Zacks Research upgraded Genesco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Wall Street Zen downgraded Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Seaport Research Partners cut Genesco from a “buy” rating to a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings downgraded Genesco from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Genesco in a research report on Friday, March 6th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Genesco presently has an average rating of “Moderate Buy” and a consensus target price of $36.67.

Genesco 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.