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 (NYSE: GCO), with a price target of $40. The company’s shares opened today at $46.35, close to its 52-week high of $47.40.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 8.6% and a 58.0% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.

The word on The Street in general, suggests a Hold analyst consensus rating for Genesco Inc with a $43 average price target.

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Based on Genesco Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $2.33 million. In comparison, last year the company had a GAAP net loss of $3.95 million.

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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.