Genesco (GCO) Receives a Buy from Susquehanna

Susquehanna analyst Sam Poser reiterated a Buy rating on Genesco (GCOResearch Report) today and set a price target of $58.00. The company’s shares closed last Monday at $44.48.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 5.1% and a 57.4% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings, Wolverine World Wide, and Lululemon Athletica.

Currently, the analyst consensus on Genesco is a Moderate Buy with an average price target of $57.50, a 27.9% upside from current levels. In a report released yesterday, Pivotal Research also reiterated a Buy rating on the stock with a $57.00 price target.

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Genesco’s market cap is currently $657.8M and has a P/E ratio of 9.13. The company has a Price to Book ratio of 1.15.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GCO in relation to earlier this year.

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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.