Pzena Investment Management LLC lowered its position in Genesco Inc. (NYSE:GCO – Free Report) by 13.1% in the first quarter, Holdings Channel reports. The fund owned 1,080,582 shares of the company’s stock after selling 163,114 shares during the period. Pzena Investment Management LLC owned approximately 0.10% of Genesco worth $31,326,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of GCO. SG Americas Securities LLC lifted its holdings in Genesco by 1.2% during the 4th quarter. SG Americas Securities LLC now owns 40,198 shares of the company’s stock worth $996,000 after buying an additional 458 shares during the last quarter. Silver Oak Securities Incorporated boosted its holdings in Genesco by 3.5% in the first 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 in the last quarter. BNP Paribas Financial Markets increased its stake in Genesco by 92.3% in the third quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock valued at $57,000 after purchasing an additional 941 shares during the last quarter. Group One Trading LLC acquired a new stake in Genesco during the fourth quarter worth approximately $26,000. Finally, Russell Investments Group Ltd. raised its holdings in Genesco by 6.3% during the third quarter. Russell Investments Group Ltd. now owns 18,966 shares of the company’s stock worth $550,000 after purchasing an additional 1,121 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.
Genesco Trading Up 0.4%
Shares of Genesco stock opened at $33.91 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.37 and a current ratio of 1.83. The company has a market capitalization of $376.72 million, a P/E 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’s fifty day moving average is $35.94 and its two-hundred day moving average is $31.14.
Wall Street Analysts Forecast Growth
GCO has been the subject of several research analyst reports. Weiss Ratings cut shares of Genesco from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Truist Financial set a $40.00 price objective on shares of Genesco in a research note on Friday, May 29th. Jefferies Financial Group reiterated a “hold” rating on shares of Genesco in a research report on Friday, March 6th. Seaport Research Partners downgraded Genesco from a “buy” rating to a “neutral” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen downgraded Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.67.
Get Our Latest Research Report on Genesco
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.
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