Genesco Inc (GCO) Gets a Hold Rating from Susquehanna

In a report released today, Sam Poser from Susquehanna maintained a Hold rating on Genesco Inc (GCOResearch Report), with a price target of $43. The company’s shares opened today at $43.13.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 6.3% and a 53.8% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

The word on The Street in general, suggests a Hold analyst consensus rating for Genesco Inc with a $48.67 average price target, implying a 12.8% upside from current levels. In a report issued on March 11, Pivotal Research also reiterated a Hold rating on the stock with a $51 price target.

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Based on Genesco Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $14.39 million. In comparison, last year the company had a net profit of $56.05 million.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.

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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, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands.