Jefferies Group Initiates Coverage on Genesco (GCO)
Research analysts at Jefferies Group initiated coverage on shares of Genesco (NYSE:GCO) in a report released on Friday. The firm set a “hold” rating and a $82.00 price target on the stock. Jefferies Group’s price objective suggests a potential upside of 3.50% from the company’s current price.
A number of other analysts have also recently weighed in on GCO. Analysts at Buckingham Research initiated coverage on shares of Genesco in a research note on Wednesday, June 25th. They set a “neutral” rating and a $84.00 price target on the stock. 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $78.67.
Shares of Genesco (NYSE:GCO) opened at 79.23 on Friday. Genesco has a 1-year low of $60.03 and a 1-year high of $82.98. The stock has a 50-day moving average of $79.64 and a 200-day moving average of $75.72. The company has a market cap of $1.900 billion and a P/E ratio of 20.52.
Genesco (NYSE:GCO) last issued its quarterly earnings data on Friday, May 30th. The company reported $0.81 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.94 earnings per share. Genesco’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Genesco will post $5.45 EPS 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.
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