Assenagon Asset Management S.A. Acquires 41,191 Shares of Genesco Inc. $GCO

Key Points

• Assenagon Asset Management S.A. increased its stake in Genesco (NYSE:GCO) by 99.8%, acquiring 41,191 shares to hold 82,446 shares — a 0.76% position valued at about $2.042 million at the end of the quarter; institutional investors own roughly 94.51% of the stock.
• Genesco reported quarterly EPS of $3.74 (beating the $3.73 estimate) and revenue of $799.94 million, set FY2027 EPS guidance of 1.900–2.300, and carries an analyst consensus of Hold with an average target price of $34.

Assenagon Asset Management S.A. lifted its holdings in shares of Genesco Inc. (NYSE:GCO - Free Report) by 99.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,446 shares of the company's stock after acquiring an additional 41,191 shares during the quarter. Assenagon Asset Management S.A. owned 0.76% of Genesco worth $2,042,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in Genesco by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company's stock valued at $57,000 after purchasing an additional 941 shares during the period. Russell Investments Group Ltd. increased its position in shares of Genesco by 6.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 18,966 shares of the company's stock valued at $550,000 after purchasing an additional 1,121 shares during the last quarter. Quarry LP raised its stake 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 purchasing an additional 1,268 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Genesco in the 1st quarter worth about $26,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Genesco by 37.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,514 shares of the company's stock worth $109,000 after buying an additional 1,499 shares during the last quarter. 94.51% of the stock is currently owned by institutional investors.

Genesco Trading Down 0.2%

Shares of Genesco stock opened at $27.92 on Tuesday. Genesco Inc. has a 52-week low of $16.19 and a 52-week high of $38.95. The stock's 50-day simple moving average is $28.25 and its 200 day simple moving average is $29.07. The stock has a market capitalization of $303.16 million, a P/E ratio of 24.70 and a beta of 1.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.49 and a current ratio of 1.64.

Genesco (NYSE:GCO - Get Free Report) last issued its earnings results on Friday, March 6th. The company reported $3.74 earnings per share for the quarter, topping analysts' consensus estimates of $3.73 by $0.01. Genesco had a net margin of 0.54% and a return on equity of 2.92%. The firm had revenue of $799.94 million during the quarter, compared to analyst estimates of $476.67 million. Genesco has set its FY 2027 guidance at 1.900-2.300 EPS. As a group, research analysts anticipate that Genesco Inc. will post 0.94 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on GCO. Truist Financial decreased their price objective on shares of Genesco from $38.00 to $32.00 and set a "hold" rating for the company in a report on Monday, March 9th. Wall Street Zen upgraded shares of Genesco from a "hold" rating to a "buy" rating in a research note on Saturday. Zacks Research raised shares of Genesco from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 14th. Jefferies Financial Group restated a "hold" rating on shares of Genesco in a research note on Friday, March 6th. Finally, UBS Group set a $38.00 price target on shares of Genesco in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $34.00.

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.

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