Genesco (GCO) Receives a Buy from Pivotal Research


In a report released yesterday, Mitch Kummetz from Pivotal Research reiterated a Buy rating on Genesco (GCO), with a price target of $43.00. The company’s shares closed last Tuesday at $38.45.

According to TipRanks.com, Kummetz is a 5-star analyst with an average return of 17.4% and a 65.6% success rate. Kummetz covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Deckers Outdoor.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Genesco with a $41.33 average price target, implying an 11.1% upside from current levels. In a report released yesterday, C.L. King also maintained a Buy rating on the stock with a $40.00 price target.

See today’s analyst top recommended stocks >>

Genesco’s market cap is currently $540.2M and has a P/E ratio of -4.00. The company has a Price to Book ratio of 1.20.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The Journeys Group segment comprise of the Journeys, Journeys Kidz, Shi by Journeys and Little Burgundy retail stores, catalog and e-commerce operations. The Schuh Group segment includes schuh retail footwear chain and e-commerce operations. The Johnston & Murphy Group segment covers Johnston & Murphy retail operations, e-commerce and catalog operations, and wholesale distribution. The Licensed Brands segment comprises of Dockers Footwear, sourced and marketed under a license from Levi Strauss & Company, SureGrip Footwear, occupational footwear primarily sold directly to consumers and other footwear brands. The company was founded in 1924 and is headquartered in Nashville, TN.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts