Foot Locker (NYSE:FL) had its target price lowered by equities research analysts at Canaccord Genuity from $39.00 to $36.00 in a report issued on Wednesday, November 15th, Marketbeat reports. The brokerage presently has a “hold” rating on the athletic footwear retailer’s stock. Canaccord Genuity’s target price points to a potential downside of 21.33% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. BidaskClub lowered Foot Locker from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. Zacks Investment Research raised Foot Locker from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Cowen set a $37.00 price target on Foot Locker and gave the company a “hold” rating in a research note on Monday, October 23rd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $37.00 price target on shares of Foot Locker in a research note on Sunday, October 29th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $53.26.
Shares of Foot Locker (NYSE FL) traded up $2.45 during trading hours on Wednesday, hitting $45.76. The stock had a trading volume of 6,917,199 shares, compared to its average volume of 3,577,262. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.39 and a quick ratio of 2.08. The firm has a market capitalization of $5,370.34, a price-to-earnings ratio of 10.26, a PEG ratio of 2.13 and a beta of 0.84. Foot Locker has a 12-month low of $28.42 and a 12-month high of $79.43.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 earnings per share. analysts forecast that Foot Locker will post 4.06 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its position in shares of Foot Locker by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock worth $311,000 after acquiring an additional 17 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in shares of Foot Locker by 0.4% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock valued at $694,000 after purchasing an additional 61 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of Foot Locker by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock valued at $247,000 after purchasing an additional 120 shares during the period. Empirical Finance LLC boosted its position in shares of Foot Locker by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 31,054 shares of the athletic footwear retailer’s stock valued at $1,531,000 after purchasing an additional 205 shares during the period. Finally, Formidable Asset Management LLC boosted its position in shares of Foot Locker by 2.8% in the 2nd quarter. Formidable Asset Management LLC now owns 12,446 shares of the athletic footwear retailer’s stock valued at $613,000 after purchasing an additional 336 shares during the period. 88.08% of the stock is owned by institutional investors and hedge funds.
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About Foot Locker
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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