Foot Locker, Inc. (NYSE:FL)‘s stock had its “hold” rating reaffirmed by equities research analysts at Cowen and Company in a report issued on Friday. They presently have a $33.00 price target on the athletic footwear retailer’s stock. Cowen and Company’s price objective indicates a potential upside of 8.77% from the company’s previous close.
FL has been the topic of several other reports. ValuEngine cut shares of Foot Locker from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Barclays PLC set a $80.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a report on Saturday, August 5th. Morgan Stanley reiterated an “overweight” rating and set a $50.00 target price (down from $65.00) on shares of Foot Locker in a report on Tuesday, August 29th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Foot Locker in a report on Tuesday, August 15th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $52.00 target price (down from $66.00) on shares of Foot Locker in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $61.05.
Foot Locker (NYSE:FL) opened at $30.34 on Friday. The company has a quick ratio of 2.88, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The company has a market cap of $3,762.10, a PE ratio of 6.77, a PEG ratio of 2.11 and a beta of 0.66. Foot Locker has a 1-year low of $28.42 and a 1-year high of $79.43.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.28). Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. research analysts predict that Foot Locker will post 3.94 EPS for the current year.
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Institutional investors and hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. raised its position in Foot Locker by 50.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock worth $105,000 after buying an additional 714 shares during the last quarter. Smithfield Trust Co. raised its position in Foot Locker by 276.2% during the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock worth $113,000 after buying an additional 2,348 shares during the last quarter. Assetmark Inc. raised its position in Foot Locker by 205.0% during the 3rd quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock worth $135,000 after buying an additional 2,577 shares during the last quarter. Penserra Capital Management LLC raised its position in Foot Locker by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock worth $148,000 after buying an additional 348 shares during the last quarter. Finally, Exane Derivatives raised its position in Foot Locker by 110,475.0% during the 3rd quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock worth $156,000 after buying an additional 4,419 shares during the last quarter. 95.29% of the stock is owned by institutional investors.
Foot Locker Company Profile
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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