Market Overview

Sterne Agee Reiterates Neutral Rating on Genesco, Awaiting Further Clarity


In a report published Monday, Sterne Agee analyst Sam Poser reiterated a Neutral rating on Genesco (NYSE: GCO).

In the report, Sterne Agee noted, “Do not add to positions until there is more clarity on 4Q trends. 2H14 results should benefit from easing SSS comparisons, an NFL licensed business that is healthier than LY, and boot & casual businesses that are expected to be robust. GCO faces challenges from what we view as a slow response to a rapidly changing hat business, a weakening Tom's business that was accretive to sales LY, difficult multi-year ASP comparisons. Lowering FY14 & FY15 EPS est from $5.60 & $6.28 to $5.23 & $5.76.”

Genesco closed on Friday at $61.68.

Latest Ratings for GCO

Apr 2020SusquehannaMaintainsPositive
Mar 2020BairdMaintainsNeutral
Jan 2020CL KingUpgradesNeutralBuy

View More Analyst Ratings for GCO
View the Latest Analyst Ratings


Related Articles (GCO)

View Comments and Join the Discussion!

Posted-In: Sam Poser Sterne AgeeAnalyst Color Reiteration Analyst Ratings

Latest Ratings

TSLAJP MorganMaintains125.0
INTCTruist SecuritiesMaintains64.0
FBTruist SecuritiesMaintains320.0
AAPLCowen & Co.Maintains153.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at