Nomura Holdings Inc. Invests $16.16 Million 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 position in Genesco Inc. (NYSE:GCO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 761,315 shares of the company's stock, valued at approximately $16,163,000. Nomura Holdings Inc. owned approximately 6.90% of Genesco at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Genesco in the 4th quarter worth $35,000. Virtus Advisers LLC purchased a new stake in shares of Genesco in the 1st quarter worth $56,000. AlphaQuest LLC increased its stake in shares of Genesco by 501,200.0% in the 1st quarter. AlphaQuest LLC now owns 5,013 shares of the company's stock worth $106,000 after purchasing an additional 5,012 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Genesco in the 4th quarter worth $234,000. Finally, State of Wyoming purchased a new stake in shares of Genesco in the 4th quarter worth $242,000. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Genesco

In other Genesco news, major shareholder Fund 1 Investments, Llc sold 25,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $23.26, for a total transaction of $581,500.00. Following the completion of the transaction, the insider owned 1,072,850 shares of the company's stock, valued at $24,954,491. This represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 23.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen lowered Genesco from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Jefferies Financial Group increased their price target on Genesco from $24.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday. Truist Financial increased their price target on Genesco from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Friday. Finally, Seaport Res Ptn upgraded Genesco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.00.

Genesco Stock Up 3.7%

GCO opened at $32.18 on Monday. The firm has a 50-day simple moving average of $24.54 and a two-hundred day simple moving average of $23.98. Genesco Inc. has a 52 week low of $16.19 and a 52 week high of $44.80. The company has a market capitalization of $346.92 million, a PE ratio of -13.19 and a beta of 2.22. The company has a quick ratio of 0.35, a current ratio of 1.56 and a debt-to-equity ratio of 0.11.

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

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