AllianceBernstein Holds 9.3% Stake in Genesco Inc.

TL;DR

**AllianceBernstein owns 9.3% of Genesco, a big institutional vote of confidence.**

AI Summary

AllianceBernstein L.P., a Delaware-based investment advisor, filed an amended SC 13G/A on January 10, 2024, disclosing its ownership in Genesco Inc. As of December 31, 2023, AllianceBernstein beneficially owned 1,195,741 shares of Genesco's Common Stock, representing 9.3% of the company. This filing indicates a significant institutional stake, which can be a positive signal for investors as it shows a major firm has confidence in Genesco's future.

Why It Matters

This filing reveals a major institutional investor's significant stake in Genesco, which can influence market perception and potentially provide a floor for the stock price due to their large holding.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for other investors.

Analyst Insight

A smart investor would view this significant institutional stake as a positive signal, suggesting confidence from a major player. It might warrant further research into Genesco's fundamentals, as large institutional holdings can sometimes precede positive market movements or indicate underlying value.

Key Numbers

• 1,195,741 — Shares Beneficially Owned (AllianceBernstein's total ownership in Genesco Inc. as of December 31, 2023.)
• 9.3% — Percentage of Class (The significant stake AllianceBernstein holds in Genesco Inc., indicating strong institutional interest.)

Key Players & Entities

• AllianceBernstein L.P. (company) — the reporting person and investment advisor
• Genesco Inc. (company) — the subject company, a shoe retailer
• 1,195,741 (dollar_amount) — shares beneficially owned by AllianceBernstein
• 9.3% (dollar_amount) — percentage of Genesco's common stock owned by AllianceBernstein
• December 31, 2023 (date) — date of the event requiring the filing
• January 10, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• Genesco Inc. stock may experience increased stability due to significant institutional ownership. (Genesco Inc.) — medium confidence, target: next 6-12 months

FAQ

Filing Documents

• GENESCOINC.htm (SC 13G/A) — 16KB
• 0001532155-24-000001.txt ( ) — 18KB

From the Filing

SC 13G/A 1 GENESCOINC.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * Genesco Inc (Name of Issuer) Common Stock (Title of Class of Securities) 371532102 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 371532102 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) AllianceBernstein L.P. 13-4064930 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 1,081,534 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 1,195,741 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,195,741 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.4% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Genesco Inc (b) Address of Issuer's Principal Executive Offices 535 MARRIOTT DRIVE, 12TH FLOOR, NASHVILLE, TN 37214 Item 2. (a) Name of Person Filing AllianceBernstein L.P. ("AllianceBernstein L.P.") (b) Address of Principal Business Office or, if None, Residence 501 Commerce Street, Nashville, TN 37203 All media outlets, please contact Jennifer Will at AllianceBernstein (212-969-1157) with any questions. All other questions can be directed to Section13USFilings@alliancebernstein.com. (c) Citizenship Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 371532102 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 1,195,741 shares acquired solely for investment purposes on behalf of client discretionary investment advisory accounts.* (b) Percent of Class: 10.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 1,081,534 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 1,195,741 (iv) shared power to dispose or to direct the disposition of 0 *AllianceBernstein L.P. is a majority owned subsidiary of Equitable Holdings, Inc. ("EQH"). AllianceBernstein operates under independent management and makes independent decisions from EQH and its respective subsidiaries, and EQH calculates and reports beneficial ownership separately from AllianceBernstein pursuant to guidance provided by the Securities and Exchange Commission in Release Number 34-39538 (January 12, 1998). Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ] Item 6. Not Applicable Item 7. Identification and Classifi

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