Nomura Holdings Inc. Has $8.32 Million Stock Position in Genesco Inc. $GCO

Nomura Holdings Inc. lowered its stake in Genesco Inc. (NYSE:GCO) by 44.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 422,678 shares of the company’s stock after selling 338,637 shares during the period. Nomura Holdings Inc. owned approximately 3.92% of Genesco worth $8,323,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pzena Investment Management LLC increased its holdings in Genesco by 44.4% in the 2nd quarter. Pzena Investment Management LLC now owns 1,433,190 shares of the company’s stock valued at $28,220,000 after buying an additional 440,837 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Genesco by 371.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 272,455 shares of the company’s stock worth $5,365,000 after acquiring an additional 214,639 shares in the last quarter. Shay Capital LLC acquired a new stake in shares of Genesco during the 2nd quarter worth approximately $4,027,000. Vanguard Group Inc. increased its stake in Genesco by 23.9% in the first quarter. Vanguard Group Inc. now owns 899,123 shares of the company’s stock valued at $19,088,000 after acquiring an additional 173,255 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Genesco during the second quarter valued at approximately $2,954,000. Institutional investors own 94.51% of the company’s stock.

Analyst Upgrades and Downgrades

GCO has been the topic of a number of research analyst reports. Seaport Res Ptn raised Genesco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Zacks Research downgraded Genesco from a “hold” rating to a “strong sell” rating in a research report on Friday, December 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Genesco in a research report on Wednesday, October 8th. Jefferies Financial Group set a $26.00 target price on shares of Genesco in a report on Thursday, December 4th. Finally, Wall Street Zen lowered shares of Genesco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.33.

Genesco Trading Down 0.3%

Shares of NYSE GCO opened at $24.16 on Monday. The firm has a 50 day moving average price of $29.88 and a two-hundred day moving average price of $27.44. The stock has a market cap of $260.63 million, a P/E ratio of -134.19 and a beta of 1.75. Genesco Inc. has a 52-week low of $16.19 and a 52-week high of $44.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.30 and a current ratio of 1.58.

Genesco (NYSE:GCO) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.08). The firm had revenue of $616.22 million for the quarter, compared to the consensus estimate of $618.62 million. During the same quarter in the previous year, the business posted $0.61 EPS. Genesco has set its FY 2026 guidance at 0.950-0.95 EPS. As a group, equities analysts forecast that Genesco Inc. will post 0.94 EPS for the current 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.