Genesco (GCO) Gets a Buy Rating from Pivotal Research

Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Genesco (GCOResearch Report) today and set a price target of $37.00. The company’s shares closed last Friday at $32.03.

According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 13.2% and a 65.6% success rate. Kummetz covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Deckers Outdoor.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Genesco with a $36.67 average price target, representing a 11.0% upside. In a report issued on November 27, C.L. King also maintained a Buy rating on the stock with a $40.00 price target.

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The company has a one-year high of $53.20 and a one-year low of $5.52. Currently, Genesco has an average volume of 303.4K.

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Genesco, Inc. engages in the retail and sale of footwear, apparel, and accessories. It operates through the following segments: Journeys Group, Schuh Group, Johnston & Murphy Group, Lids Sports Group, and Licensed Brands. The Journeys Group segment comprise of the Journeys, Journeys Kidz, Shi by Journeys and Little Burgundy retail stores, catalog and e-commerce operations. The Schuh Group segment includes schuh retail footwear chain and e-commerce operations. The Johnston & Murphy Group segment covers Johnston & Murphy retail operations, e-commerce and catalog operations, and wholesale distribution. The Licensed Brands segment comprises of Dockers Footwear, sourced and marketed under a license from Levi Strauss & Company, SureGrip Footwear, occupational footwear primarily sold directly to consumers and other footwear brands. The company was founded in 1924 and is headquartered in Nashville, TN.