Genesco PT Raised to $100.00 (GCO)
Investment analysts at Susquehanna hoisted their price objective on shares of Genesco (NYSE:GCO) from $85.00 to $100.00 in a note issued to investors on Monday. Susquehanna’s price target would indicate a potential upside of 16.21% from the stock’s previous close.
Genesco (NYSE:GCO) opened at 86.05 on Monday. Genesco has a 1-year low of $60.03 and a 1-year high of $86.33. The stock’s 50-day moving average is $79.83 and its 200-day moving average is $76.53. The company has a market cap of $2.064 billion and a P/E ratio of 21.28.
Genesco (NYSE:GCO) last issued its quarterly earnings data 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 $5.46 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Avondale Partners upgraded shares of Genesco from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 20th. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Genesco currently has an average rating of “Hold” and a consensus target price of $81.17.
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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