Foot Locker, Inc. (NYSE:FL) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other research firms have also recently weighed in on FL. B. Riley reiterated a “buy” rating and issued a $79.00 price target on shares of Foot Locker in a report on Friday, May 12th. Wedbush reiterated an “outperform” rating and issued a $83.00 price target on shares of Foot Locker in a report on Wednesday, May 17th. Bank of America Corporation cut shares of Foot Locker from a “buy” rating to a “neutral” rating and reduced their price target for the company from $84.00 to $65.00 in a report on Friday, May 19th. Cowen and Company reduced their target price on shares of Foot Locker from $77.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, May 22nd. Finally, Deutsche Bank AG reduced their target price on shares of Foot Locker from $88.00 to $74.00 and set a “buy” rating for the company in a report on Monday, May 22nd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $65.81.

Foot Locker (NYSE:FL) traded up 3.15% during midday trading on Friday, reaching $36.34. 4,046,208 shares of the company’s stock were exchanged. The stock has a market cap of $4.80 billion, a P/E ratio of 8.40 and a beta of 0.68. The firm’s 50-day moving average is $43.94 and its 200 day moving average is $60.79. Foot Locker has a 1-year low of $31.56 and a 1-year high of $79.43.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.28. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.80 billion. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. Equities analysts anticipate that Foot Locker will post $3.97 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the stock. YorkBridge Wealth Partners LLC raised its position in shares of Foot Locker by 18.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer’s stock valued at $104,000 after buying an additional 213 shares during the last quarter. Acrospire Investment Management LLC increased its position in Foot Locker by 50.0% in the first quarter. Acrospire Investment Management LLC now owns 1,500 shares of the athletic footwear retailer’s stock valued at $112,000 after buying an additional 500 shares during the period. Van ECK Associates Corp increased its position in Foot Locker by 5.6% in the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock valued at $153,000 after buying an additional 109 shares during the period. D.A. Davidson & CO. increased its position in Foot Locker by 50.3% in the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after buying an additional 714 shares during the period. Finally, Pacer Advisors Inc. increased its position in Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock valued at $197,000 after buying an additional 88 shares during the period. 91.32% of the stock is currently owned by institutional investors.

About Foot Locker

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

Analyst Recommendations for Foot Locker (NYSE:FL)

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