Telsey Advisory Group Reiterates “Market Perform” Rating for Foot Locker (NYSE:FL)

Telsey Advisory Group reissued their market perform rating on shares of Foot Locker (NYSE:FL) in a report issued on Tuesday,Benzinga reports. The brokerage currently has a $24.00 price objective on the athletic footwear retailer’s stock.

FL has been the subject of several other research reports. The Goldman Sachs Group dropped their price target on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Robert W. Baird decreased their price objective on shares of Foot Locker from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Jefferies Financial Group decreased their price objective on shares of Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and upped their price objective for the stock from $17.00 to $21.00 in a report on Wednesday, November 27th. Finally, Guggenheim decreased their price objective on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $24.94.

Foot Locker Trading Down 1.9 %

Shares of FL opened at $17.64 on Tuesday. The stock has a market capitalization of $1.67 billion, a P/E ratio of -3.91, a PEG ratio of 0.53 and a beta of 1.48. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $20.44 and a two-hundred day simple moving average of $23.88. Foot Locker has a twelve month low of $17.42 and a twelve month high of $34.99.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. On average, research analysts anticipate that Foot Locker will post 1.23 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its position in Foot Locker by 173.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 112,028 shares of the athletic footwear retailer’s stock valued at $2,438,000 after purchasing an additional 71,083 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Foot Locker by 17.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,466 shares of the athletic footwear retailer’s stock valued at $5,733,000 after purchasing an additional 39,232 shares during the last quarter. Voloridge Investment Management LLC grew its position in Foot Locker by 66.8% during the 4th quarter. Voloridge Investment Management LLC now owns 737,299 shares of the athletic footwear retailer’s stock valued at $16,044,000 after purchasing an additional 295,243 shares during the last quarter. Vision One Management Partners LP purchased a new stake in Foot Locker during the 4th quarter valued at about $1,205,000. Finally, Twinbeech Capital LP purchased a new stake in Foot Locker during the 4th quarter valued at about $5,715,000.

Foot Locker Company Profile

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.