Brokerage Firm Rating Update on Genesco (GCO)

Genesco (GCO) : 2 brokerage houses believe that Genesco (GCO) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Genesco (GCO). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.

Genesco (GCO) : The highest short term price target forecast on Genesco (GCO) is $75 and the lowest target price is $53. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $64.75 with a standard deviation of $8.88.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Morgan Stanley downgrades its rating on Genesco (NYSE:GCO).The analysts at the brokerage house have a current rating of Equal-weight on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. In a recent information released to the investors, Morgan Stanley lowers the new price target from $79 per share to $74 per share. The rating by the firm was issued on July 20, 2016.

Genesco (NYSE:GCO): The stock opened at $48.51 and touched an intraday high of $49.47 on Wednesday. During the day, the stock corrected to an intraday low of $47.94, however, the bulls stepped in and pushed the price higher to close in the green at $49.4 with a gain of 1.33% for the day. The total traded volume for the day was 343,284. The stock had closed at $48.75 in the previous trading session.

Genesco Inc. is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. Journeys Group consists of Journeys, Journeys Kidz, Shi by Journeys and Underground by Journeys retail footwear chains, catalog and e-commerce operations. Schuh Group consists of the Schuh retail footwear chain and e-commerce operations. Lids Sports Group consists of Lids, the Lids Locker Room and Lids Clubhouse businesses, Locker Room, Lids Team Sports, and headwear and accessory stores. Johnston & Murphy Group consists of Johnston & Murphy retail operations, catalog and e-commerce operations and wholesale distribution of products under the Johnston & Murphy and Trask brands. Licensed Brands, consists of Dockers Footwear, sourced and marketed under a license from Levi Strauss & Company and SureGrip Footwear, occupational footwear sold directly to consumers and other brands.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *