Several analysts have recently updated their ratings and price targets for Foot Locker (NYSE: FL):

  • 9/1/2017 – Foot Locker was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/30/2017 – Foot Locker was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Foot Locker, which has underperformed the industry in the past one month, has been witnessing a downtrend in estimates. This is due to dismal performance for the second straight quarter in fiscal 2017 and a bleak outlook. The company’s results in the second quarter were impacted by soft performance of “some recent top styles” and lack of innovative fresh products in the market. Challenging retail landscape and changing consumer spending pattern are making operating environment tough. Management now expects comparable sales to decline in the range of 3–4% in remaining part of 2017 with earnings per share projected to decrease in the band of 20–30% during the second half. Margins are also expected to remain pressured going forward. Nevertheless, we believe that building robust capabilities in direct-to-customer unit, rationalizing store fleet and improving supply chain infrastructure may provide cushion to the stock.”
  • 8/29/2017 – Foot Locker had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $50.00 price target on the stock, down previously from $65.00.
  • 8/23/2017 – Foot Locker was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/22/2017 – Foot Locker had its “buy” rating reaffirmed by analysts at Buckingham Research. They now have a $47.00 price target on the stock, down previously from $61.00.
  • 8/21/2017 – Foot Locker was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating.
  • 8/21/2017 – Foot Locker had its “neutral” rating reaffirmed by analysts at UBS AG.
  • 8/21/2017 – Foot Locker had its “neutral” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 8/21/2017 – Foot Locker had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $50.00 price target on the stock.
  • 8/21/2017 – Foot Locker had its “hold” rating reaffirmed by analysts at FBR & Co. They wrote, “We are reiterating our Buy rating, estimates and $13 price target for 1-800- FLOWERS.COM with the company announcing 4QFY17 (June) results before the open on Thursday. Although 4Q is traditionally an unimportant quarter with virtually no major gifting events, we believe it is important for 1-800-FLOWERS.COM, after a disastrous quarter by direct competitor FTD, to demonstrate it is taking share in floral (as opposed to the segment shrinking); we believe they will register solid floral growth. Further, we remain positive on the potential for upside from the initial FY18 guide, which should register better Holiday results with Harry & David and continued solid floral results.””
  • 8/20/2017 – Foot Locker had its “neutral” rating reaffirmed by analysts at Robert W. Baird.
  • 8/19/2017 – Foot Locker was given a new $61.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 8/18/2017 – Foot Locker was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating. They now have a $60.00 price target on the stock.
  • 8/18/2017 – Foot Locker was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $72.00 price target on the stock, up previously from $49.00.
  • 8/18/2017 – Foot Locker was downgraded by analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating. They now have a $37.00 price target on the stock, down previously from $55.00.
  • 8/18/2017 – Foot Locker was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating.
  • 8/18/2017 – Foot Locker was downgraded by analysts at Bank of America Corporation from a “neutral” rating to an “underperform” rating.
  • 8/18/2017 – Foot Locker was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating.
  • 8/15/2017 – Foot Locker had its “neutral” rating reaffirmed by analysts at FBR & Co. They now have a $58.00 price target on the stock.
  • 8/15/2017 – Foot Locker had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 8/11/2017 – Foot Locker was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/10/2017 – Foot Locker was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Foot Locker, which has underperformed the industry in the past three months, has been witnessing a downtrend in estimates. This is due to dismal first quarter performance and a not so encouraging outlook for the second quarter and fiscal 2017. Delay in tax refunds broke the positive earnings surprise streak of Foot Locker, as earnings missed the estimate in the first quarter. We further noticed that total sales and comps grew marginally in the first quarter of fiscal 2017, which is in sharp contrast to the company’s performance in fiscal 2016. Nevertheless, management is working on all aspects to attain mid-single digit earnings per share growth in fiscal 2017 backed by effective implementation of operational and financial initiatives. We believe that continuous exploitation of opportunities such as children’s business, shop-in-shop expansion, store banner.com business, store refurbishment and enhancement of assortments, bode well.”
  • 8/8/2017 – Foot Locker was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $65.00 price target on the stock, down previously from $70.00.
  • 8/5/2017 – Foot Locker was given a new $80.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 8/3/2017 – Foot Locker had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $80.00 price target on the stock.
  • 8/1/2017 – Foot Locker had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $52.00 price target on the stock, down previously from $66.00.
  • 7/31/2017 – Foot Locker was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/28/2017 – Foot Locker had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $52.00 price target on the stock.
  • 7/25/2017 – Foot Locker was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/17/2017 – Foot Locker was given a new $72.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.

Shares of Foot Locker, Inc. (FL) traded down 0.6906% during midday trading on Wednesday, hitting $36.0791. 1,298,762 shares of the stock traded hands. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 8.3381 and a beta of 0.73. The firm has a 50-day moving average price of $43.45 and a 200 day moving average price of $60.32. Foot Locker, Inc. has a one year low of $31.56 and a one year high of $79.43.

Foot Locker (NYSE:FL) last released its 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 the consensus estimate of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. Foot Locker’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 EPS. Analysts anticipate that Foot Locker, Inc. will post $3.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s payout ratio is currently 28.57%.

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.

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