SG Americas Securities LLC Has $1.15 Million Position in Genesco Inc. $GCO

SG Americas Securities LLC cut its holdings in Genesco Inc. (NYSE:GCO) by 68.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 39,740 shares of the company’s stock after selling 84,826 shares during the quarter. SG Americas Securities LLC’s holdings in Genesco were worth $1,152,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in shares of Genesco in the first quarter valued at approximately $26,000. CWM LLC lifted its position in Genesco by 61.5% in the 2nd quarter. CWM LLC now owns 1,365 shares of the company’s stock valued at $27,000 after acquiring an additional 520 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Genesco by 37.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,514 shares of the company’s stock valued at $109,000 after acquiring an additional 1,499 shares in the last quarter. Cetera Investment Advisers bought a new position in Genesco during the 2nd quarter worth about $208,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Genesco in the 2nd quarter valued at about $264,000. 94.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Truist Financial set a $38.00 target price on Genesco in a research report on Wednesday. Zacks Research raised shares of Genesco from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Genesco in a research note on Wednesday, December 24th. Williams Trading upgraded shares of Genesco to a “strong-buy” rating in a research note on Monday, January 12th. Finally, UBS Group set a $38.00 target price on Genesco in a research report on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.00.

Genesco Price Performance

NYSE:GCO opened at $37.74 on Friday. Genesco Inc. has a 12-month low of $16.19 and a 12-month high of $43.81. The firm has a market capitalization of $407.23 million, a price-to-earnings ratio of -209.67 and a beta of 1.81. The stock’s 50 day moving average price is $28.75 and its two-hundred day moving average price is $28.35. The company has a quick ratio of 0.30, a current ratio of 1.58 and a debt-to-equity ratio of 0.14.

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

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.