In a report released today, Mitch Kummetz from Pivotal Research reiterated a Buy rating on Genesco (GCO – Research Report), with a price target of $51.00. The company’s shares closed last Monday at $36.91.
According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 7.0% and a 61.9% success rate. Kummetz covers the Services sector, focusing on stocks such as Shoe Carnival, Foot Locker, and Boot Barn.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Genesco with a $46.25 average price target.
Genesco’s market cap is currently $553.6M and has a P/E ratio of 8.52. The company has a Price to Book ratio of 1.
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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.