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Genesco (NYSE:GCO) was upgraded by stock analysts at Avondale Partners from a “market perform” rating to an “outperform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.

A number of other analysts have also recently weighed in on GCO. Analysts at Jefferies Group initiated coverage on shares of Genesco in a research note on Friday, August 8th. They set a “hold” rating and a $82.00 price target on the stock. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $78.67.

Genesco (NYSE:GCO) traded up 0.54% on Wednesday, hitting $83.05. 44,380 shares of the company’s stock traded hands. Genesco has a 52 week low of $60.03 and a 52 week high of $83.00. The stock’s 50-day moving average is $79.72 and its 200-day moving average is $76.. The company has a market cap of $1.992 billion and a P/E ratio of 21.09.

Genesco (NYSE:GCO) last released its earnings data on Friday, May 30th. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. 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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