Foot Locker (NYSE:FL) had its price target boosted by analysts at Citigroup from $40.00 to $47.00 in a research note issued on Monday, November 20th. The firm presently has a “buy” rating on the athletic footwear retailer’s stock. Citigroup’s price objective would indicate a potential upside of 8.75% from the stock’s current price.
A number of other research firms have also weighed in on FL. Zacks Investment Research raised shares of Foot Locker from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. FBR & Co reaffirmed a “neutral” rating and set a $58.00 target price on shares of Foot Locker in a research report on Tuesday, August 15th. BidaskClub raised shares of Foot Locker from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Barclays set a $80.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a research report on Saturday, August 5th. Finally, Morgan Stanley raised shares of Foot Locker from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $70.00 to $65.00 in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned a buy rating to the company. Foot Locker presently has a consensus rating of “Hold” and an average price target of $52.27.
Shares of Foot Locker (NYSE FL) traded up $0.40 during midday trading on Monday, hitting $43.22. 5,177,623 shares of the stock traded hands, compared to its average volume of 3,590,286. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.39 and a quick ratio of 2.08. Foot Locker has a 52-week low of $28.42 and a 52-week high of $79.43. The stock has a market cap of $5,381.50, a PE ratio of 10.28, a price-to-earnings-growth ratio of 2.13 and a beta of 0.84.
Foot Locker (NYSE:FL) last posted 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. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the company posted $1.13 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. equities analysts forecast that Foot Locker will post 4.07 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans grew its position in shares of Foot Locker by 4.0% in the first quarter. Thrivent Financial For Lutherans now owns 4,890 shares of the athletic footwear retailer’s stock valued at $366,000 after purchasing an additional 190 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Foot Locker in the first quarter valued at about $5,566,000. Mn Services Vermogensbeheer B.V. grew its position in shares of Foot Locker by 505.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 21,513 shares of the athletic footwear retailer’s stock valued at $1,060,000 after purchasing an additional 17,959 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Foot Locker by 9.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 67,213 shares of the athletic footwear retailer’s stock valued at $3,312,000 after purchasing an additional 5,700 shares during the period. Finally, LS Investment Advisors LLC grew its position in shares of Foot Locker by 24.6% in the second quarter. LS Investment Advisors LLC now owns 6,396 shares of the athletic footwear retailer’s stock valued at $315,000 after purchasing an additional 1,262 shares during the period. 88.08% of the stock is owned by institutional investors.
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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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