Genesco Inc Receives a Hold 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 $38. The company’s shares closed on Friday at $43.65.

According to TipRanks.com, Poser is a 5-star analyst with an average return of 8.2% and a 58.4% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.

Genesco Inc has an analyst consensus of Moderate Buy, with a price target consensus of $43.33.

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Based on Genesco Inc’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $930 million and quarterly net profit of $56.05 million. In comparison, last year the company earned revenue of $643 million and had a net profit of $885K.

Based on the recent corporate insider activity of 35 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.