Genesco Inc (GCO) Given New $57.00 Price Target by Piper Jaffray (PJC) Analysts.
Friday, June 24, 2021 12:10 PM

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Equities research analysts at Piper Jaffray (NYSE: PJC) boosted their price target on shares of Genesco Inc (NYSE: GCO) to $57.00 in a research note to investors on Friday.

Separately, analysts at Zacks Investment Research upgraded shares of Genesco Inc from a "neutral" rating to an "outperform" rating in a research note to investors on Monday, June 6th. Also, analysts at Sterne Agee reiterated a "buy" rating on shares of Genesco Inc in a research note to investors on Wednesday, May 18th.

Shares of Genesco Inc traded up 1.36% during mid-day trading on Monday, hitting $51.31. Genesco Inc has a 52 week low of $24.49 and a 52 week high of $51.11. The stock's 50-day moving average is $42.66 and its 200-day moving average is $39.80. The company has a market cap of $1.217 billion and a price-to-earnings ratio of 20.22.

Genesco Inc last announced its quarterly results on Thursday, May 26th. The company reported $0.67 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.48 EPS by $0.19. The company’s quarterly revenue was up 20.2% on a year-over-year basis. On average, analysts predict that Genesco Inc will post $0.83 EPS next quarter.

Genesco Inc. (Genesco) is a retailer of branded footwear, of licensed and branded headwear, of licensed sports apparel and accessories and a wholesaler of branded footwear. During the fiscal year ended January 30, 2022 (fiscal 2009), the Company operated five business segments: Journeys Group, Underground Station Group, Hat World Group, Johnston & Murphy Group and Licensed Brands. At January 30, 2010, the Company operated 2,276 retail footwear, headwear and sports apparel and accessories stores located throughout the United States and in Puerto Rico, but also including 60 headwear stores in Canada. At January 30, 2010, Journeys Group operated 1,025 stores, including 150 Journeys Kidz and 56 Shi by Journeys; Underground Station Group operated 170 stores; Hat World Group operated 921 stores, and Johnston & Murphy Group operated 160 retail shops and factory stores.

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