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Genesco Inc (GCO) Gets a Hold Rating from Susquehanna


Susquehanna analyst Sam Poser reiterated a Hold rating on Genesco Inc (GCO) today and set a price target of $41. The company’s shares opened today at $41.65.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 5.6% and a 53.7% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.

Currently, the analyst consensus on Genesco Inc is a Moderate Buy with an average price target of $43.50, a 4.4% upside from current levels. In a report issued on November 30, Piper Jaffray also maintained a Hold rating on the stock with a $41 price target.

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Based on Genesco Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $15K. In comparison, last year the company had a GAAP net loss of $165 million.

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Genesco, Inc. engages in the retail and sale of footwear, apparel, and accessories. It operates through the following segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands.