Genesco Inc. $GCO Stock Position Lifted by ING Groep NV

ING Groep NV grew its holdings in shares of Genesco Inc. (NYSE:GCO) by 90.9% during the third quarter, Holdings Channel.com reports. The firm owned 210,000 shares of the company’s stock after buying an additional 100,000 shares during the quarter. ING Groep NV’s holdings in Genesco were worth $6,088,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. CWM LLC grew its position in Genesco by 61.5% in the 2nd quarter. CWM LLC now owns 1,365 shares of the company’s stock valued at $27,000 after buying an additional 520 shares in the last quarter. Acadian Asset Management LLC lifted its position in Genesco by 0.3% in the second quarter. Acadian Asset Management LLC now owns 412,527 shares of the company’s stock worth $8,119,000 after purchasing an additional 1,238 shares during the period. Jones Financial Companies Lllp bought a new position in Genesco during the 1st quarter valued at $26,000. Tower Research Capital LLC TRC increased its position in shares of Genesco by 37.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,514 shares of the company’s stock valued at $109,000 after purchasing an additional 1,499 shares during the period. Finally, Empowered Funds LLC raised 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 worth $1,375,000 after buying an additional 3,282 shares in the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GCO shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 target price on shares of Genesco in a report on Monday, January 12th. Wall Street Zen cut shares of Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Truist Financial set a $38.00 target price on shares of Genesco in a research note on Wednesday, January 14th. Williams Trading upgraded shares of Genesco to a “strong-buy” rating in a report on Monday, January 12th. Finally, UBS Group set a $38.00 price target on shares of Genesco in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Genesco currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Genesco Price Performance

GCO stock opened at $27.84 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.30 and a debt-to-equity ratio of 0.14. Genesco Inc. has a one year low of $16.19 and a one year high of $41.52. The firm has a market capitalization of $300.35 million, a PE ratio of -154.64 and a beta of 1.87. The firm has a 50-day moving average of $28.24 and a two-hundred day moving average of $29.37.

Genesco (NYSE:GCO) last released its earnings results 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 analyst estimates of $618.62 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. On average, analysts forecast that Genesco Inc. will post 0.94 earnings per share for the current year.

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.