Acadian Asset Management LLC Has $8.73 Million Stock Position in Genesco Inc. $GCO

Key Points

• Acadian Asset Management LLC increased its stake in Genesco Inc. by 14.6% to own approximately 3.82% of the company, now valued at $8,729,000.
• Several institutional investors have also boosted their holdings, with Vanguard Group Inc. growing its stake by 23.9% and Bridgeway Capital Management LLC increasing its stake by 89.0%.
• Genesco reported a 4.0% year-over-year revenue increase, with earnings per share of ($1.14), slightly beating expectations, and it has set FY 2026 guidance at 1.300-1.700 EPS.

Acadian Asset Management LLC grew its stake in Genesco Inc. (NYSE:GCO - Free Report) by 14.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 411,289 shares of the company's stock after purchasing an additional 52,391 shares during the quarter. Acadian Asset Management LLC owned about 3.82% of Genesco worth $8,729,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GCO. Northern Trust Corp lifted its stake in shares of Genesco by 1.9% in the 4th quarter. Northern Trust Corp now owns 111,992 shares of the company's stock valued at $4,788,000 after purchasing an additional 2,065 shares during the period. Ameriprise Financial Inc. raised its stake in Genesco by 32.7% during the 4th quarter. Ameriprise Financial Inc. now owns 65,625 shares of the company's stock worth $2,805,000 after buying an additional 16,161 shares during the period. BNP Paribas Financial Markets raised its stake in Genesco by 38.6% during the 4th quarter. BNP Paribas Financial Markets now owns 42,708 shares of the company's stock worth $1,826,000 after buying an additional 11,900 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Genesco during the 4th quarter worth $495,000. Finally, Deutsche Bank AG raised its stake in Genesco by 74.6% during the 4th quarter. Deutsche Bank AG now owns 10,299 shares of the company's stock worth $440,000 after buying an additional 4,401 shares during the period. Institutional investors and hedge funds own 94.51% of the company's stock.

Genesco Stock Performance

GCO stock traded up $0.48 during mid-day trading on Thursday, hitting $35.07. 40,519 shares of the company were exchanged, compared to its average volume of 273,424. The business has a 50 day simple moving average of $27.55 and a 200-day simple moving average of $23.70. The company has a current ratio of 1.56, a quick ratio of 0.35 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $378.55 million, a PE ratio of -14.36 and a beta of 2.22. Genesco Inc. has a 1-year low of $16.19 and a 1-year high of $44.80.

Genesco (NYSE:GCO - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $545.97 million during the quarter, compared to the consensus estimate of $531.89 million. Genesco had a negative net margin of 1.03% and a positive return on equity of 1.75%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business posted ($0.83) earnings per share. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS. On average, equities analysts forecast that Genesco Inc. will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. Truist Financial raised their price objective on Genesco from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Friday, August 29th. Seaport Res Ptn raised Genesco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Wall Street Zen downgraded Genesco from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Zacks Research raised Genesco from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. Finally, Jefferies Financial Group increased their target price on Genesco from $24.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $30.00.

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.