Nomura Holdings Inc. Acquires New Shares in Genesco Inc. $GCO

Key Points

• Nomura Holdings Inc. has invested approximately $16.16 million in Genesco Inc., acquiring 761,315 shares, which constitutes about 6.90% of the company's stock.
• Insider activity shows a major shareholder sold 25,000 shares recently, reducing their position by 2.28%, while insiders collectively own 23.11% of the stock.
• Wall Street analysts have mixed views on Genesco, with a consensus rating of "Moderate Buy" and price targets ranging from $29.00 to $31.00 after a recent earnings report that beat expectations.

Nomura Holdings Inc. acquired a new stake in shares of Genesco Inc. (NYSE:GCO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 761,315 shares of the company's stock, valued at approximately $16,163,000. Nomura Holdings Inc. owned about 6.90% of Genesco at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Wyoming lifted its position in shares of Genesco by 48.9% during the first quarter. State of Wyoming now owns 8,438 shares of the company's stock valued at $179,000 after purchasing an additional 2,772 shares in the last quarter. Virtus Advisers LLC bought a new position in shares of Genesco during the first quarter valued at about $56,000. AlphaQuest LLC lifted its position in shares of Genesco by 501,200.0% during the first quarter. AlphaQuest LLC now owns 5,013 shares of the company's stock valued at $106,000 after purchasing an additional 5,012 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Genesco by 23.5% during the first quarter. American Century Companies Inc. now owns 341,837 shares of the company's stock valued at $7,257,000 after purchasing an additional 65,030 shares in the last quarter. Finally, Brandywine Global Investment Management LLC lifted its position in shares of Genesco by 17.0% during the first quarter. Brandywine Global Investment Management LLC now owns 40,360 shares of the company's stock valued at $857,000 after purchasing an additional 5,860 shares in the last quarter. Hedge funds and other institutional investors own 94.51% of the company's stock.

Genesco Stock Performance

GCO stock traded down $0.34 during mid-day trading on Friday, hitting $33.34. The company had a trading volume of 207,850 shares, compared to its average volume of 224,599. The firm has a market cap of $359.39 million, a PE ratio of -13.66 and a beta of 2.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.35 and a current ratio of 1.56. Genesco Inc. has a 12 month low of $16.19 and a 12 month high of $44.80. The stock's fifty day moving average price is $25.71 and its two-hundred day moving average price is $23.93.

Genesco (NYSE:GCO - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported ($1.14) EPS for the quarter, topping the consensus estimate of ($1.25) by $0.11. The business had revenue of $545.97 million for 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 company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.83) earnings per share. Genesco has set its FY 2026 guidance at 1.300-1.700 EPS. On average, analysts forecast that Genesco Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial raised their price target on shares of Genesco from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Friday, August 29th. Wall Street Zen lowered Genesco from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Jefferies Financial Group lifted their target price on Genesco from $24.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday, August 29th. Zacks Research upgraded shares of Genesco from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. Finally, Seaport Res Ptn upgraded shares of Genesco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Genesco has a consensus rating of "Buy" and a consensus price target of $30.00.

Genesco Company 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.