In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Genesco (GCO), with a price target of $19.00. The company’s shares closed last Wednesday at $14.09.
According to TipRanks.com, Poser ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.1% and a 43.8% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Canada Goose Holdings, and Wolverine World Wide.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Genesco with a $25.00 average price target.
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The company has a one-year high of $53.21 and a one-year low of $5.52. Currently, Genesco has an average volume of 501.4K.
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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. 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.
