Pivotal Research Keeps a Buy Rating on Genesco Inc (GCO)

In a report released today, Mitch Kummetz from Pivotal Research reiterated a Buy rating on Genesco Inc (GCO), with a price target of $52. The company’s shares opened today at $41.65.

Kummetz observed:

“We are raising our SSS estimate from +1.9% to +2.5%, but our EPS estimate remains $3.30. Consensus SSS/EPS is +1.7%/$3.23.”

According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 3.3% and a 54.9% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Tilly’s Inc.

Currently, the analyst consensus on Genesco Inc is a Moderate Buy with an average price target of $43.50.

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The company has a one-year high of $51.85 and a one-year low of $28.10. Currently, Genesco Inc has an average volume of 326.1K.

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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.

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