Genesco Inc. – consensus points to potential upside of 13.3%

Genesco Inc. with ticker code (GCO) 3 analysts have now covered the stock. Analyst consensus indicates a rating of Buy. The target price is between 79 and 67. If we calculate the average target price, we see 72.67. With the previous close at 64.15, this would suggest that there is potential upside of 13.3%. There is a 50-day moving average of 63.35 and a 200-day moving average of 61.44. The company’s market capitalization is $915 million. Visit the company’s website at: https://www.genesco.com

The potential market cap would be $1,037 million based on the market consensus.

Genesco Inc. operates as a retailer and wholesaler of footwear, apparel and accessories. The Company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group and Licensed Brands. The Journeys Group segment offers footwear and accessories through retail chains Journeys, Journeys Kidz and Little Burgundy, as well as e-commerce and catalogs for young men, women and children. The Schuh Group segment operates shoe retail stores that offer casual and athletic shoes and sells shoes through e-commerce. The Johnston & Murphy Group segment engages in retail, e-commerce and catalog businesses; and wholesale distribution of footwear, apparel and accessories primarily for men. The Licensed Brands segment markets men’s Levi’s, Dockers and GH Bass footwear. As of January 30, 2021, the Company operated approximately 1,460 retail locations in the United States, Puerto Rico, Canada, the United Kingdom and the Republic of Ireland primarily under the Journeys, Journeys Kidz, Schuh, Little Burgundy and Johnston & Murphy brands. Internet websites include Journeys.com, Journeyskidz.com, Journeys.ca, schuh.co.uk, schuh.ie, schuh.eu, johnstonmurphy.com, littleburgundyshoes.com and johnstonmurphy.ca. Genesco Inc. was founded in 1924 and is headquartered in Nashville, Tennessee.