Brokerages Set Foot Locker, Inc. (NYSE:FL) PT at $21.20

Foot Locker, Inc. (NYSE:FL) has been assigned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $21.20.

A number of equities research analysts have issued reports on FL shares. Gordon Haskett cut Foot Locker from a “moderate buy” rating to a “hold” rating in a research report on Thursday, May 15th. Barclays cut Foot Locker from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 29th. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 price objective on shares of Foot Locker in a research report on Friday, May 30th. JPMorgan Chase & Co. raised shares of Foot Locker from an “underweight” rating to a “neutral” rating and increased their price target for the company from $16.00 to $24.00 in a report on Thursday, May 15th. Finally, Robert W. Baird set a $24.00 target price on Foot Locker in a research report on Thursday, May 29th.

Foot Locker Stock Up 0.7%

FL opened at $24.51 on Friday. The company has a market capitalization of $2.34 billion, a PE ratio of -6.50, a price-to-earnings-growth ratio of 2.05 and a beta of 1.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.49. Foot Locker has a fifty-two week low of $11.00 and a fifty-two week high of $33.94. The business has a 50-day moving average of $19.77 and a 200-day moving average of $18.69.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $0.22 EPS. Foot Locker’s quarterly revenue was down 4.6% on a year-over-year basis. Equities research analysts forecast that Foot Locker will post 1.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Foot Locker

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harbour Investments Inc. increased its holdings in shares of Foot Locker by 81.6% in the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after purchasing an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Foot Locker in the 4th quarter valued at $32,000. GAMMA Investing LLC raised its position in shares of Foot Locker by 250.6% during the first quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer’s stock worth $35,000 after acquiring an additional 1,764 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Foot Locker by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock valued at $57,000 after acquiring an additional 2,343 shares during the period. Finally, Pingora Partners LLC acquired a new position in shares of Foot Locker during the fourth quarter valued at $61,000.

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.