Invesco Ltd. Sells 12,760 Shares of Genesco Inc. $GCO

Invesco Ltd. trimmed its position in Genesco Inc. (NYSE:GCO - Free Report) by 16.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,791 shares of the company's stock after selling 12,760 shares during the quarter. Invesco Ltd. owned approximately 0.58% of Genesco worth $1,354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fund 1 Investments LLC grew its position in shares of Genesco by 1,045.4% during the 4th quarter. Fund 1 Investments LLC now owns 242,965 shares of the company's stock worth $10,387,000 after buying an additional 221,752 shares during the period. Vanguard Group Inc. grew its position in shares of Genesco by 23.9% during the 1st quarter. Vanguard Group Inc. now owns 899,123 shares of the company's stock worth $19,088,000 after buying an additional 173,255 shares during the period. SG Americas Securities LLC grew its position in shares of Genesco by 4,730.7% during the 1st quarter. SG Americas Securities LLC now owns 125,212 shares of the company's stock worth $2,658,000 after buying an additional 122,620 shares during the period. Lazard Asset Management LLC grew its position in shares of Genesco by 272.3% during the 4th quarter. Lazard Asset Management LLC now owns 35,114 shares of the company's stock worth $1,501,000 after buying an additional 25,682 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Genesco during the 1st quarter worth about $424,000. 94.51% of the stock is currently owned by institutional investors and hedge funds.

Genesco Stock Down 0.7%

Shares of Genesco stock traded down $0.22 on Friday, reaching $33.46. 123,750 shares of the company were exchanged, compared to its average volume of 277,396. Genesco Inc. has a one year low of $16.19 and a one year high of $44.80. The company has a market capitalization of $360.70 million, a price-to-earnings ratio of -13.68 and a beta of 2.22. 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 company has a 50-day moving average of $25.46 and a 200 day moving average of $23.98.

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

Analyst Upgrades and Downgrades

GCO has been the subject of several analyst reports. Jefferies Financial Group boosted their target price on Genesco from $24.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday, August 29th. Truist Financial boosted their price objective on Genesco from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Friday, August 29th. Zacks Research upgraded Genesco from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. Seaport Res Ptn upgraded Genesco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen lowered Genesco from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $30.00.

Genesco 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.