Nomura Holdings Inc. Has $8.32 Million Stake in Genesco Inc. $GCO

Nomura Holdings Inc. cut its position in shares of Genesco Inc. (NYSE:GCO) by 44.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 422,678 shares of the company’s stock after selling 338,637 shares during the quarter. Nomura Holdings Inc.’s holdings in Genesco were worth $8,323,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in Genesco during the first quarter valued at $26,000. CWM LLC boosted its position in shares of Genesco by 61.5% during the 2nd quarter. CWM LLC now owns 1,365 shares of the company’s stock valued at $27,000 after purchasing an additional 520 shares in the last quarter. Virtus Advisers LLC bought a new stake in shares of Genesco during the 1st quarter valued at about $56,000. AlphaQuest LLC grew its stake in Genesco by 501,200.0% during the first quarter. AlphaQuest LLC now owns 5,013 shares of the company’s stock worth $106,000 after purchasing an additional 5,012 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Genesco by 37.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,514 shares of the company’s stock worth $109,000 after purchasing an additional 1,499 shares in the last quarter. Institutional investors own 94.51% of the company’s stock.

Wall Street Analyst Weigh In

GCO has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Genesco in a report on Wednesday, October 8th. Zacks Research lowered shares of Genesco from a “hold” rating to a “strong sell” rating in a research note on Friday, December 5th. Wall Street Zen cut shares of Genesco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group set a $38.00 price objective on shares of Genesco in a report on Friday, December 5th. Finally, Truist Financial cut their price objective on shares of Genesco from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.33.

Genesco Stock Performance

NYSE GCO opened at $24.16 on Monday. The company has a market cap of $260.63 million, a P/E ratio of -134.19 and a beta of 1.75. The company has a fifty day simple moving average of $29.88 and a 200 day simple moving average of $27.44. 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 12-month low of $16.19 and a 12-month high of $44.80.

Genesco (NYSE:GCO) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.08). The business had revenue of $616.22 million for the quarter, compared to analysts’ expectations of $618.62 million. During the same quarter last year, the business earned $0.61 earnings per share. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. Sell-side analysts predict that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.

Genesco Company 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.