Genesco Inc. $GCO Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its stake in shares of Genesco Inc. (NYSE:GCO) by 361.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,570 shares of the company’s stock after acquiring an additional 36,481 shares during the quarter. Corient Private Wealth LLC owned 0.43% of Genesco worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in Genesco in the first quarter valued at $26,000. Group One Trading LLC acquired a new stake in shares of Genesco during the 4th quarter worth about $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Genesco during the 4th quarter worth about $37,000. Quarry LP raised its position in shares of Genesco by 182.2% during the 3rd quarter. Quarry LP now owns 1,964 shares of the company’s stock worth $57,000 after acquiring an additional 1,268 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Genesco by 92.3% during the third quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock worth $57,000 after purchasing an additional 941 shares during the last quarter. Hedge funds and other institutional investors own 94.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GCO shares. Truist Financial set a $40.00 price target on shares of Genesco in a research report on Friday, May 29th. Weiss Ratings lowered Genesco from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Wall Street Zen cut Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Zacks Research raised Genesco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Finally, Seaport Research Partners downgraded Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.67.

Genesco Price Performance

Genesco stock opened at $33.91 on Thursday. The company has a market cap of $376.72 million, a P/E ratio of 19.60 and a beta of 1.83. Genesco Inc. has a one year low of $21.23 and a one year high of $43.60. The business has a fifty day moving average of $35.94 and a two-hundred day moving average of $31.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.37 and a current ratio of 1.83.

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

Genesco Company 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.