Foot Locker, Inc. (FL) PT Lowered to $34.00
Foot Locker, Inc. (NYSE:FL) had its price target dropped by equities researchers at Telsey Advisory Group from $36.00 to $34.00 in a research report issued on Monday. The brokerage presently has a “market perform” rating on the athletic footwear retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 12.06% from the company’s current price.
Several other equities research analysts also recently issued reports on FL. Morgan Stanley upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $70.00 to $65.00 in a report on Tuesday, August 8th. Canaccord Genuity downgraded Foot Locker from a “buy” rating to a “hold” rating in a report on Friday, August 18th. B. Riley reiterated a “neutral” rating on shares of Foot Locker in a report on Wednesday, November 1st. FBR & Co reiterated a “hold” rating on shares of Foot Locker in a report on Monday, August 21st. Finally, Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $59.97.
Shares of Foot Locker (NYSE:FL) opened at $30.34 on Monday. Foot Locker has a 1 year low of $28.42 and a 1 year high of $79.43. The company has a quick ratio of 2.88, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3,762.09, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 2.11 and a beta of 0.66.
Foot Locker (NYSE:FL) last posted its earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.28). Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. Foot Locker’s revenue for the quarter was down 4.4% compared to the same quarter last year. equities research analysts expect that Foot Locker will post 3.94 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC raised its stake in Foot Locker by 1,291.0% during the 2nd quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock valued at $10,053,000 after acquiring an additional 189,326 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Foot Locker by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock valued at $47,882,000 after acquiring an additional 91,716 shares during the last quarter. Tobam raised its stake in Foot Locker by 47.1% during the 2nd quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock valued at $21,114,000 after acquiring an additional 137,206 shares during the last quarter. Bridgewater Associates LP raised its stake in Foot Locker by 158.1% during the 2nd quarter. Bridgewater Associates LP now owns 228,939 shares of the athletic footwear retailer’s stock valued at $11,282,000 after acquiring an additional 140,253 shares during the last quarter. Finally, Sentry Investment Management LLC raised its stake in Foot Locker by 131.7% during the 2nd quarter. Sentry Investment Management LLC now owns 10,579 shares of the athletic footwear retailer’s stock valued at $521,000 after acquiring an additional 6,014 shares during the last quarter. 95.20% of the stock is owned by hedge funds and other institutional investors.
Foot Locker Company Profile
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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