11,939 Shares in Genesco Inc. $GCO Bought by Petrus Trust Company LTA

Petrus Trust Company LTA purchased a new position in shares of Genesco Inc. (NYSE:GCO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,939 shares of the company’s stock, valued at approximately $253,000. Petrus Trust Company LTA owned approximately 0.11% of Genesco as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Genesco by 23.9% during the first quarter. Vanguard Group Inc. now owns 899,123 shares of the company’s stock valued at $19,088,000 after purchasing an additional 173,255 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Genesco during the first quarter valued at $16,163,000. American Century Companies Inc. lifted its holdings in Genesco by 23.5% during the first quarter. American Century Companies Inc. now owns 341,837 shares of the company’s stock valued at $7,257,000 after purchasing an additional 65,030 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Genesco by 9.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 219,165 shares of the company’s stock valued at $4,653,000 after purchasing an additional 19,090 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in Genesco by 89.0% during the first quarter. Bridgeway Capital Management LLC now owns 183,754 shares of the company’s stock valued at $3,901,000 after purchasing an additional 86,553 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on GCO shares. Truist Financial increased their price objective on shares of Genesco from $25.00 to $31.00 and gave the company a “hold” rating in a report on Friday, August 29th. Jefferies Financial Group increased their price objective on shares of Genesco from $24.00 to $29.00 and gave the company a “hold” rating in a report on Friday, August 29th. Zacks Research raised shares of Genesco from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. Seaport Res Ptn raised shares of Genesco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen cut shares of Genesco from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Genesco currently has an average rating of “Buy” and a consensus price target of $30.00.

Genesco Price Performance

Shares of NYSE GCO opened at $31.59 on Wednesday. The firm has a 50-day simple moving average of $26.18 and a 200-day simple moving average of $23.74. The stock has a market capitalization of $340.52 million, a price-to-earnings ratio of -12.95 and a beta of 2.22. The company has a quick ratio of 0.35, a current ratio of 1.56 and a debt-to-equity ratio of 0.11. Genesco Inc. has a 52 week low of $16.19 and a 52 week high of $44.80.

Genesco (NYSE:GCO) last issued its earnings results on Thursday, August 28th. The company reported ($1.14) EPS for the quarter, beating analysts’ consensus estimates of ($1.25) by $0.11. The business had revenue of $545.97 million during the quarter, compared to analysts’ expectations of $531.89 million. Genesco had a negative net margin of 1.03% and a positive return on equity of 1.75%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.83) earnings per share. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS. On average, equities analysts predict that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.

Genesco Profile

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.