Pivotal Research Keeps a Hold Rating on Genesco Inc (GCO)

Pivotal Research analyst Mitch Kummetz reiterated a Hold rating on Genesco Inc (GCOResearch Report) today and set a price target of $50. The company’s shares opened today at $45.06.

According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 4.9% and a 60.8% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Tilly’s Inc.

Currently, the analyst consensus on Genesco Inc is a Hold with an average price target of $48.67.

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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.