Genesco Given Consensus Rating of “Hold” by Brokerages (NYSE:GCO)
Shares of Genesco (NYSE:GCO) have been given a consensus recommendation of “Hold” by the ten brokerages that are covering the company, Analyst Ratings Network reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $84.00.
A number of analysts have recently weighed in on GCO shares. Analysts at SunTrust raised their price target on shares of Genesco from $90.00 to $101.00 in a research note on Tuesday, August 26th. Separately, analysts at Susquehanna raised their price target on shares of Genesco from $85.00 to $100.00 in a research note on Monday, August 25th. Finally, 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.
Shares of Genesco (NYSE:GCO) traded up 1.16% on Tuesday, hitting $80.22. The stock had a trading volume of 33,987 shares. Genesco has a 1-year low of $61.44 and a 1-year high of $89.58. The stock has a 50-day moving average of $80.39 and a 200-day moving average of $77.07. The company has a market cap of $1.885 billion and a P/E ratio of 21.11.
Genesco (NYSE:GCO) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.21. The company had revenue of $615.00 million for the quarter. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts predict that Genesco will post $5.15 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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