Foot Locker (NYSE:FL)‘s stock had its “hold” rating restated by equities research analysts at Robert W. Baird in a research note issued on Wednesday, January 3rd. They presently have a $52.00 price target on the athletic footwear retailer’s stock. Robert W. Baird’s price objective would suggest a potential upside of 12.31% from the company’s previous close.
A number of other research firms have also recently commented on FL. Cowen set a $40.00 price target on Foot Locker and gave the company a “hold” rating in a research note on Saturday, November 18th. Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Deutsche Bank upgraded Foot Locker from a “hold” rating to a “buy” rating and raised their price objective for the stock from $38.00 to $45.00 in a research note on Friday, November 17th. Wells Fargo & Co set a $42.00 price objective on Foot Locker and gave the stock a “hold” rating in a research note on Monday, November 20th. Finally, Canaccord Genuity restated a “hold” rating and issued a $39.00 price objective on shares of Foot Locker in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $53.82.
Shares of Foot Locker (NYSE:FL) traded up $0.02 during mid-day trading on Wednesday, reaching $46.30. The company had a trading volume of 2,445,700 shares, compared to its average volume of 3,307,075. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. Foot Locker has a 12 month low of $28.42 and a 12 month high of $77.86. The company has a market capitalization of $5,740.00, a P/E ratio of 11.66, a P/E/G ratio of 2.30 and a beta of 0.82.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Foot Locker had a return on equity of 14.74% and a net margin of 5.45%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the business posted $1.13 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. sell-side analysts predict that Foot Locker will post 4.08 EPS for the current fiscal year.
In other news, Director Matthew M. Mckenna sold 10,899 shares of Foot Locker stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total value of $499,392.18. Following the sale, the director now directly owns 35,000 shares of the company’s stock, valued at $1,603,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.73% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of FL. Vanguard Group Inc. lifted its position in Foot Locker by 1.6% during the second quarter. Vanguard Group Inc. now owns 13,187,732 shares of the athletic footwear retailer’s stock worth $649,891,000 after buying an additional 201,518 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Foot Locker by 32.0% during the third quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock worth $126,495,000 after buying an additional 870,899 shares in the last quarter. APG Asset Management N.V. lifted its position in Foot Locker by 11.2% during the third quarter. APG Asset Management N.V. now owns 2,776,631 shares of the athletic footwear retailer’s stock worth $97,793,000 after buying an additional 279,200 shares in the last quarter. Renaissance Technologies LLC lifted its position in Foot Locker by 1,744.5% during the second quarter. Renaissance Technologies LLC now owns 1,372,300 shares of the athletic footwear retailer’s stock worth $67,627,000 after buying an additional 1,297,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Foot Locker by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock worth $46,817,000 after buying an additional 357,669 shares in the last quarter. 89.85% of the stock is currently owned by hedge funds and other 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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