Susquehanna Upgrades Genesco Inc (GCO) to Buy

Susquehanna analyst Sam Poser upgraded Genesco Inc (GCOResearch Report) to Buy today and set a price target of $42. The company’s shares closed last Monday at $32.90, close to its 52-week low of $31.65.

According to TipRanks.com, Poser is a 3-star analyst with an average return of 1.6% and a 46.1% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

Genesco Inc has an analyst consensus of Moderate Buy, with a price target consensus of $43.50.

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Based on Genesco Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $6.35 million. In comparison, last year the company had a GAAP net loss of $15K.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GCO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.