Public Employees Retirement System of Ohio Purchases 15,237 Shares of Genesco Inc. $GCO

Public Employees Retirement System of Ohio grew its position in Genesco Inc. (NYSE:GCO) by 1,183.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,524 shares of the company’s stock after purchasing an additional 15,237 shares during the period. Public Employees Retirement System of Ohio owned about 0.15% of Genesco worth $479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fund 1 Investments LLC increased its position in shares of Genesco by 3.5% in the 4th quarter. Fund 1 Investments LLC now owns 986,241 shares of the company’s stock valued at $24,429,000 after buying an additional 33,044 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Genesco by 23.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 409,227 shares of the company’s stock worth $10,137,000 after acquiring an additional 76,494 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Genesco by 50.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 300,000 shares of the company’s stock worth $7,431,000 after acquiring an additional 100,000 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Genesco by 6.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 290,639 shares of the company’s stock valued at $8,426,000 after acquiring an additional 18,184 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Genesco by 29.7% in the second quarter. Bridgeway Capital Management LLC now owns 238,252 shares of the company’s stock worth $4,691,000 after acquiring an additional 54,498 shares in the last quarter. 94.51% of the stock is owned by institutional investors.

Insider Activity at Genesco

In related news, Director Gregory A. Sandfort acquired 2,958 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was bought at an average price of $33.80 per share, for a total transaction of $99,980.40. Following the acquisition, the director directly owned 29,172 shares of the company’s stock, valued at approximately $986,013.60. The trade was a 11.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 23.11% of the stock is currently owned by corporate insiders.

Genesco Stock Performance

Shares of GCO stock opened at $39.57 on Wednesday. The company’s fifty day simple moving average is $36.61 and its 200-day simple moving average is $32.80. The company has a quick ratio of 0.37, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The firm has a market cap of $439.67 million, a PE ratio of 22.88 and a beta of 1.83. Genesco Inc. has a 12 month low of $21.92 and a 12 month high of $43.60.

Genesco (NYSE:GCO) last released its earnings results on Friday, May 29th. The company reported ($2.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.58) by $0.40. Genesco had a net margin of 0.80% and a return on equity of 2.66%. The business had revenue of $487.03 million during the quarter, compared to the consensus estimate of $474.32 million. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. Equities research analysts expect that Genesco Inc. will post 2.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Weiss Ratings cut Genesco from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Wall Street Zen downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Zacks Research cut shares of Genesco from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Seaport Research Partners downgraded Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th. Finally, Truist Financial set a $40.00 price target on Genesco in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Genesco has an average rating of “Hold” and a consensus price target of $36.67.

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.