Strs Ohio Purchases Shares of 15,900 Genesco Inc. $GCO

Key Points

• Strs Ohio acquired a new stake in Genesco Inc. by purchasing 15,900 shares valued at approximately $338,000, holding 0.15% of the company's stock as of the latest SEC filing.
• Genesco reported a quarterly loss per share of ($1.14), which exceeded analyst expectations, alongside a year-over-year revenue increase of 4.0%.
• Analysts have recently adjusted their ratings on Genesco, with several upgrades resulting in a current consensus rating of "Buy" and an average price target of $30.00.

Strs Ohio purchased a new position in shares of Genesco Inc. (NYSE:GCO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,900 shares of the company's stock, valued at approximately $338,000. Strs Ohio owned 0.15% of Genesco as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Genesco during the 1st quarter worth $26,000. Virtus Advisers LLC acquired a new stake in shares of Genesco in the first quarter valued at about $56,000. AlphaQuest LLC raised 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 worth $106,000 after acquiring an additional 5,012 shares during the last quarter. State of Wyoming lifted its stake in shares of Genesco by 48.9% in the first quarter. State of Wyoming now owns 8,438 shares of the company's stock worth $179,000 after acquiring an additional 2,772 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Genesco by 7,348.3% in the first quarter. GAMMA Investing LLC now owns 8,938 shares of the company's stock worth $190,000 after acquiring an additional 8,818 shares during the period. 94.51% of the stock is currently owned by institutional investors and hedge funds.

Genesco Stock Performance

GCO opened at $31.76 on Wednesday. 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's fifty day moving average price is $28.32 and its two-hundred day moving average price is $23.67. Genesco Inc. has a 1-year low of $16.19 and a 1-year high of $44.80. The company has a market cap of $342.87 million, a price-to-earnings ratio of -13.02 and a beta of 2.22.

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, beating analysts' consensus estimates 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 firm had revenue of $545.97 million during the quarter, compared to analysts' expectations of $531.89 million. During the same period last year, the company earned ($0.83) earnings per share. 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. On average, analysts expect that Genesco Inc. will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

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

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