Foot Locker, Inc. (NYSE:FL) Receives $24.56 Average PT from Brokerages

Shares of Foot Locker, Inc. (NYSE:FLGet Free Report) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $24.33.

A number of analysts recently commented on FL shares. Jefferies Financial Group reduced their price objective on Foot Locker from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Morgan Stanley lowered their price objective on shares of Foot Locker from $26.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, May 6th. StockNews.com raised shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Guggenheim reduced their target price on shares of Foot Locker from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $28.00 price target (down previously from $38.00) on shares of Foot Locker in a research note on Thursday, March 7th.

Get Our Latest Report on Foot Locker

Foot Locker Price Performance

Shares of NYSE:FL opened at $22.82 on Friday. The company has a market capitalization of $2.16 billion, a PE ratio of -6.52, a PEG ratio of 0.55 and a beta of 1.50. The business has a fifty day moving average price of $23.37 and a 200-day moving average price of $26.55. Foot Locker has a 1-year low of $14.84 and a 1-year high of $35.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.72 and a quick ratio of 0.55.

Foot Locker (NYSE:FLGet Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts expect that Foot Locker will post 1.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund lifted its holdings in Foot Locker by 1.1% during the 4th 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 buying an additional 353 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Foot Locker by 1.4% during 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 in the last quarter. Yousif Capital Management LLC boosted its holdings 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 purchasing an additional 380 shares during the period. CWM LLC boosted its holdings 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 purchasing an additional 387 shares during the period. Finally, Signaturefd LLC grew its stake in Foot Locker by 10.0% in the fourth quarter. Signaturefd LLC now owns 5,799 shares of the athletic footwear retailer’s stock worth $181,000 after purchasing an additional 527 shares in the last quarter.

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 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.

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Analyst Recommendations for Foot Locker (NYSE:FL)

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