Petrus Trust Company LTA Acquires Shares of 11,939 Genesco Inc. $GCO

Key Points

• Petrus Trust Company LTA acquired 11,939 shares of Genesco Inc. (NYSE:GCO) valued at approximately $253,000, representing a 0.11% ownership stake in the company.
• Several hedge funds, including Vanguard Group and American Century Companies, have significantly increased their holdings in Genesco during the first quarter, reflecting strong institutional interest in the company.
• Analysts have raised price targets for Genesco, with Truist Financial setting a new target of $31.00 and Zacks Research upgrading the stock from a "hold" to a "strong-buy" rating.

Petrus Trust Company LTA purchased a new position in Genesco Inc. (NYSE:GCO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,939 shares of the company's stock, valued at approximately $253,000. Petrus Trust Company LTA owned approximately 0.11% of Genesco at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GCO. Price T Rowe Associates Inc. MD boosted its stake in Genesco by 4.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,392 shares of the company's stock worth $616,000 after purchasing an additional 650 shares in the last quarter. Northern Trust Corp boosted its stake in Genesco by 1.9% in the 4th quarter. Northern Trust Corp now owns 111,992 shares of the company's stock worth $4,788,000 after purchasing an additional 2,065 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Genesco by 32.7% in the 4th quarter. Ameriprise Financial Inc. now owns 65,625 shares of the company's stock worth $2,805,000 after purchasing an additional 16,161 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Genesco by 38.6% in the 4th quarter. BNP Paribas Financial Markets now owns 42,708 shares of the company's stock worth $1,826,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Genesco in the 4th quarter worth about $495,000. Institutional investors own 94.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Truist Financial upped their target price on shares of Genesco from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Jefferies Financial Group upped their target price on shares of Genesco from $24.00 to $29.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Seaport Res Ptn upgraded shares of Genesco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Zacks Research upgraded shares of Genesco from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. Finally, Wall Street Zen cut shares of Genesco from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Genesco has an average rating of "Buy" and a consensus price target of $30.00.

Genesco Stock Performance

Shares of NYSE:GCO traded up $0.72 during trading on Monday, hitting $33.91. The company's stock had a trading volume of 72,063 shares, compared to its average volume of 273,655. The company has a 50-day moving average of $26.85 and a 200-day moving average of $23.57. Genesco Inc. has a 12 month low of $16.19 and a 12 month high of $44.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.56 and a quick ratio of 0.35. The firm has a market cap of $365.46 million, a price-to-earnings ratio of -13.91 and a beta of 2.22.

Genesco (NYSE:GCO - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.25) by $0.11. The company had revenue of $545.97 million during the quarter, compared to analyst estimates of $531.89 million. Genesco had a negative net margin of 1.03% and a positive return on equity of 1.75%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.83) EPS. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS. On average, sell-side analysts expect that Genesco Inc. will post 0.94 earnings per share for the current year.

About Genesco

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.