Genesco (GCO) Gets a Buy Rating from Susquehanna
In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Genesco (GCO), with a price target of $56.00. The company’s shares closed last Monday at $49.02, close to its 52-week high of $50.73.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 4.5% and a 57.5% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings, Wolverine World Wide, and Lululemon Athletica.
Currently, the analyst consensus on Genesco is a Moderate Buy with an average price target of $49.33, which is a 16.5% upside from current levels. In a report issued on December 3, Pivotal Research also reiterated a Buy rating on the stock with a $51.00 price target.
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Based on Genesco’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $577K. In comparison, last year the company had a net profit of $14.39 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, Johnston & Murphy Group, Lids Sports Group, and Licensed Brands.