Foot Locker (NYSE:FL) has been given a $42.00 price objective by equities researchers at Canaccord Genuity in a research report issued on Tuesday, November 21st. The firm currently has a “hold” rating on the athletic footwear retailer’s stock. Canaccord Genuity’s target price indicates a potential downside of 1.91% from the company’s current price.
A number of other equities analysts have also commented on FL. B. Riley reiterated a “neutral” rating on shares of Foot Locker in a report on Wednesday, November 1st. Robert W. Baird lowered shares of Foot Locker from an “outperform” rating to a “neutral” rating in a report on Monday, August 21st. Piper Jaffray Companies restated a “neutral” rating on shares of Foot Locker in a report on Monday, August 21st. Zacks Investment Research upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Buckingham Research restated a “buy” rating and issued a $47.00 target price (down previously from $61.00) on shares of Foot Locker in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $53.26.
Shares of Foot Locker (FL) traded down $0.58 during trading hours on Tuesday, reaching $42.82. 3,583,713 shares of the company were exchanged, compared to its average volume of 3,583,525. The company has a market capitalization of $5,674.13, a PE ratio of 10.84, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84. 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 fifty-two week low of $28.42 and a fifty-two week high of $79.43.
Foot Locker (NYSE:FL) last posted its earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 earnings per share. sell-side analysts predict that Foot Locker will post 4.07 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC boosted its stake in Foot Locker by 1,291.0% in the second quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock valued at $10,053,000 after acquiring an additional 189,326 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Foot Locker by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock valued at $47,882,000 after buying an additional 91,716 shares in the last quarter. Tobam lifted its stake in shares of Foot Locker by 47.1% during the 2nd quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock valued at $21,114,000 after buying an additional 137,206 shares in the last quarter. Bridgewater Associates LP lifted its stake in shares of Foot Locker by 158.1% during the 2nd quarter. Bridgewater Associates LP now owns 228,939 shares of the athletic footwear retailer’s stock valued at $11,282,000 after buying an additional 140,253 shares in the last quarter. Finally, Sentry Investment Management LLC lifted its stake in shares of Foot Locker by 131.7% during the 2nd quarter. Sentry Investment Management LLC now owns 10,579 shares of the athletic footwear retailer’s stock valued at $521,000 after buying an additional 6,014 shares in the last quarter. 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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