Foot Locker’s (FL) Hold Rating Reiterated at Cowen and Company

Cowen and Company reiterated their hold rating on shares of Foot Locker, Inc. (NYSE:FL) in a report released on Friday morning. Cowen and Company currently has a $33.00 target price on the athletic footwear retailer’s stock.

A number of other analysts also recently issued reports on the stock. Deutsche Bank AG set a $72.00 price target on shares of Foot Locker and gave the company a buy rating in a report on Monday, July 17th. Barclays PLC set a $80.00 price target on shares of Foot Locker and gave the company a buy rating in a report on Saturday, August 5th. Jefferies Group LLC reiterated a buy rating and issued a $80.00 price target on shares of Foot Locker in a report on Thursday, August 3rd. Buckingham Research reiterated a buy rating and issued a $47.00 price target (down from $61.00) on shares of Foot Locker in a report on Tuesday, August 22nd. Finally, ValuEngine upgraded shares of Foot Locker from a hold rating to a buy rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $61.05.

Shares of Foot Locker (NYSE FL) opened at $30.34 on Friday. The company has a market cap of $3,762.10, a price-to-earnings ratio of 6.77, a PEG ratio of 2.11 and a beta of 0.66. Foot Locker has a 52-week low of $28.42 and a 52-week high of $79.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.88 and a current ratio of 5.63.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.28). The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.80 billion. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 earnings per share. analysts anticipate that Foot Locker will post 3.94 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.24 annualized dividend and a dividend yield of 4.09%. Foot Locker’s dividend payout ratio (DPR) is presently 28.57%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. raised its stake in shares of 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 acquiring an additional 714 shares in the last quarter. Smithfield Trust Co. raised its stake in shares of 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 acquiring an additional 2,348 shares in the last quarter. Assetmark Inc. raised its stake in shares of 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 acquiring an additional 2,577 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of 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 acquiring an additional 348 shares in the last quarter. Finally, Exane Derivatives raised its stake in shares of 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 acquiring an additional 4,419 shares in the last quarter. Hedge funds and other institutional investors own 95.29% of the company’s stock.

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.

Analyst Recommendations for Foot Locker (NYSE:FL)

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