Foot Locker (NYSE:FL) Rating Increased to Hold at Williams Trading

Foot Locker (NYSE:FL) was upgraded by stock analysts at Williams Trading from a “sell” rating to a “hold” rating in a report released on Wednesday,Benzinga reports. The brokerage currently has a $21.00 price target on the athletic footwear retailer’s stock, up from their prior price target of $17.00. Williams Trading’s target price would indicate a potential downside of 17.06% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. StockNews.com cut Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Needham & Company LLC initiated coverage on Foot Locker in a report on Friday, November 22nd. They set a “buy” rating and a $27.00 price target for the company. Gordon Haskett assumed coverage on Foot Locker in a research note on Monday, October 7th. They issued an “accumulate” rating and a $27.00 target price for the company. Robert W. Baird dropped their price objective on Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Finally, Evercore ISI decreased their target price on Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.56.

Foot Locker Trading Up 3.4 %

NYSE FL traded up $0.84 on Wednesday, hitting $25.32. 1,712,865 shares of the company were exchanged, compared to its average volume of 3,234,743. The company’s 50 day moving average price is $24.51 and its 200-day moving average price is $25.77. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49. The firm has a market capitalization of $2.40 billion, a P/E ratio of -6.54, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. Foot Locker has a twelve month low of $20.47 and a twelve month high of $35.60.

Foot Locker (NYSE:FL) last released its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. Analysts predict that Foot Locker will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of Foot Locker

Several institutional investors have recently added to or reduced their stakes in FL. CANADA LIFE ASSURANCE Co raised its holdings in Foot Locker by 4.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 97,175 shares of the athletic footwear retailer’s stock valued at $2,770,000 after acquiring an additional 4,109 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Foot Locker by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,589 shares of the athletic footwear retailer’s stock valued at $1,471,000 after purchasing an additional 2,906 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Foot Locker during the 1st quarter valued at about $2,194,000. Tidal Investments LLC bought a new stake in shares of Foot Locker during the 1st quarter valued at about $486,000. Finally, Kessler Investment Group LLC grew its stake in Foot Locker by 25.9% in the second quarter. Kessler Investment Group LLC now owns 7,613 shares of the athletic footwear retailer’s stock valued at $190,000 after acquiring an additional 1,567 shares during the period.

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.