Genesco Given Consensus Rating of “Hold” by Brokerages (NYSE:GCO)
Genesco (NYSE:GCO) has been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the stock, AR Network reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $75.84.
GCO has been the subject of a number of recent research reports. Analysts at Goldman Sachs cut their price target on shares of Genesco from $62.00 to $61.00 in a research note on Thursday, May 29th. Separately, analysts at Sterne Agee upgraded shares of Genesco from a “neutral” rating to a “buy” rating in a research note on Friday, April 4th. They now have a $85.00 price target on the stock, up previously from $74.00. Finally, analysts at Johnson Rice downgraded shares of Genesco from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 17th.
Genesco (NYSE:GCO) opened at 76.99 on Wednesday. Genesco has a 52 week low of $60.03 and a 52 week high of $80.52. The stock’s 50-day moving average is $75.34 and its 200-day moving average is $73.59. The company has a market cap of $1.799 billion and a P/E ratio of 19.66.
Genesco (NYSE:GCO) last announced its earnings results on Friday, May 30th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by $0.10. The company had revenue of $628.80 million for the quarter, compared to the consensus estimate of $618.92 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts predict that Genesco will post $5.44 earnings per share for the current fiscal year.
Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in six segments: Journeys Group, Underground Station Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.