SunTrust Raises Genesco Price Target to $101.00 (GCO)
Stock analysts at SunTrust hoisted their price objective on shares of Genesco (NYSE:GCO) from $90.00 to $101.00 in a report issued on Tuesday. SunTrust’s price target would suggest a potential upside of 14.85% from the stock’s previous close.
A number of other firms have also recently commented on GCO. Analysts at Susquehanna raised their price target on shares of Genesco from $85.00 to $100.00 in a research note on Monday. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Genesco has a consensus rating of “Hold” and a consensus price target of $84.00.
Genesco (NYSE:GCO) traded up 0.52% during mid-day trading on Tuesday, hitting $88.40. 46,789 shares of the company’s stock traded hands. Genesco has a 1-year low of $60.03 and a 1-year high of $88.33. The stock’s 50-day moving average is $80.05 and its 200-day moving average is $76.76. The company has a market cap of $2.120 billion and a P/E ratio of 22.46.
Genesco (NYSE:GCO) last posted its quarterly earnings results 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 $5.46 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.
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