Brokerages Set Foot Locker, Inc. (NYSE:FL) PT at $24.94

Shares of Foot Locker, Inc. (NYSE:FLGet Free Report) have received a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $24.94.

A number of brokerages have commented on FL. Citigroup raised shares of Foot Locker from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $19.00 to $24.00 in a research note on Friday, March 22nd. Bank of America reduced their target price on shares of Foot Locker from $31.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, March 7th. Guggenheim reduced their target price on shares of Foot Locker from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. UBS Group raised shares of Foot Locker from a “sell” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $23.00 in a research note on Monday, March 11th. Finally, Morgan Stanley reduced their price target on shares of Foot Locker from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 7th.

View Our Latest Stock Report on Foot Locker

Institutional Investors Weigh In On Foot Locker

Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. boosted its position in shares of Foot Locker by 0.6% in the fourth quarter. Sei Investments Co. now owns 57,195 shares of the athletic footwear retailer’s stock valued at $2,161,000 after acquiring an additional 336 shares during the period. New York State Common Retirement Fund boosted its position in shares of Foot Locker by 1.1% in the fourth quarter. New York State Common Retirement Fund now owns 33,635 shares of the athletic footwear retailer’s stock valued at $1,048,000 after acquiring an additional 353 shares during the period. SummerHaven Investment Management LLC boosted its position in shares of Foot Locker by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 26,662 shares of the athletic footwear retailer’s stock valued at $831,000 after acquiring an additional 358 shares during the period. Yousif Capital Management LLC boosted its position in shares of Foot Locker by 0.9% in the fourth quarter. Yousif Capital Management LLC now owns 44,686 shares of the athletic footwear retailer’s stock valued at $1,392,000 after acquiring an additional 380 shares during the period. Finally, CWM LLC boosted its position in shares of Foot Locker by 26.7% in the fourth quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock valued at $57,000 after acquiring an additional 387 shares during the period.

Foot Locker Stock Down 5.6 %

Shares of NYSE FL opened at $25.98 on Friday. The company’s 50-day simple moving average is $28.71 and its 200-day simple moving average is $25.88. Foot Locker has a 52-week low of $14.84 and a 52-week high of $42.79. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -7.42, a price-to-earnings-growth ratio of 0.68 and a beta of 1.43. The company has a quick ratio of 0.55, a current ratio of 1.72 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FLGet Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.28 billion. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. Foot Locker’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 earnings per share. Equities analysts predict that Foot Locker will post 1.56 EPS for the current fiscal year.

About Foot Locker

(Get Free Report

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a youth culture brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.

Further Reading

Analyst Recommendations for Foot Locker (NYSE:FL)

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