Public Employees Retirement System of Ohio Makes New $680,000 Investment in Genesco Inc. $GCO

Public Employees Retirement System of Ohio acquired a new stake in Genesco Inc. (NYSE:GCO) in the second quarter, Holdings Channel reports. The fund acquired 20,140 shares of the company’s stock, valued at approximately $680,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Group One Trading LLC acquired a new stake in shares of Genesco in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp bought a new position in Genesco during the 1st quarter worth $26,000. New York State Teachers Retirement System acquired a new position in Genesco in the 1st quarter valued at $27,000. Optiver Holding B.V. raised its holdings in Genesco by 550.6% in the 1st quarter. Optiver Holding B.V. now owns 1,106 shares of the company’s stock valued at $32,000 after acquiring an additional 936 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Genesco during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 94.51% of the company’s stock.

Insider Activity

In related news, Director Gregory Sandfort purchased 2,958 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $986,013.60. This trade represents a 11.28% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 23.11% of the company’s stock.

Genesco Stock Performance

NYSE:GCO opened at $34.34 on Thursday. The stock’s 50-day simple moving average is $35.53 and its 200 day simple moving average is $33.55. The firm has a market capitalization of $381.50 million, a PE ratio of 8.94 and a beta of 1.80. The company has a quick ratio of 0.32, a current ratio of 1.58 and a debt-to-equity ratio of 0.03. Genesco Inc. has a twelve month low of $21.92 and a twelve month high of $43.60.

Genesco (NYSE:GCO) last issued its earnings results on Thursday, September 3rd. The company reported ($0.83) EPS for the quarter, topping the consensus estimate of ($1.37) by $0.54. The firm had revenue of $529.86 million during the quarter, compared to the consensus estimate of $527.26 million. Genesco had a return on equity of 3.13% and a net margin of 1.71%.During the same quarter in the previous year, the firm earned ($1.79) earnings per share. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. On average, analysts anticipate that Genesco Inc. will post 2.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings downgraded 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 research note on Saturday, June 13th. Zacks Research raised shares of Genesco from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. Seaport Research Partners cut shares of Genesco from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 27th. Finally, Truist Financial reduced their price target on shares of Genesco from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, September 4th. Two equities research 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, the company has an average rating of “Moderate Buy” and a consensus target price 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.