Cowen and Company reaffirmed their hold rating on shares of Foot Locker, Inc. (NYSE:FL) in a research note published on Friday morning. Cowen and Company currently has a $33.00 target price on the athletic footwear retailer’s stock.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank AG set a $72.00 price target on shares of Foot Locker and gave the company a buy rating in a research report on Monday, July 17th. Barclays PLC set a $80.00 price target on shares of Foot Locker and gave the company a buy rating in a research report on Saturday, August 5th. Jefferies Group LLC reiterated a buy rating and issued a $80.00 price target on shares of Foot Locker in a research report on Thursday, August 3rd. Buckingham Research reiterated a buy rating and issued a $47.00 price target (down from $61.00) on shares of Foot Locker in a research report on Tuesday, August 22nd. Finally, ValuEngine upgraded shares of Foot Locker from a hold rating to a buy rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $59.97.

Shares of Foot Locker (NYSE:FL) opened at $29.64 on Friday. The company has a current ratio of 5.63, a quick ratio of 2.88 and a debt-to-equity ratio of 0.04. Foot Locker has a 1 year low of $28.42 and a 1 year high of $79.43. The stock has a market cap of $3,762.09, a P/E ratio of 6.77, a price-to-earnings-growth ratio of 2.11 and a beta of 0.66.

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 analysts’ consensus estimates 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 analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. sell-side analysts anticipate that Foot Locker will post 3.94 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were paid a $0.31 dividend. The ex-dividend date was Thursday, October 12th. This represents a $1.24 annualized dividend and a dividend yield of 4.18%. Foot Locker’s dividend payout ratio is 28.57%.

Institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. boosted its position in Foot Locker by 50.3% during the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after acquiring an additional 714 shares during the last quarter. Smithfield Trust Co. boosted its position in Foot Locker by 276.2% during the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after acquiring an additional 2,348 shares during the last quarter. Assetmark Inc. boosted its position in Foot Locker by 205.0% during the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after acquiring an additional 2,577 shares during the last quarter. Penserra Capital Management LLC boosted its position in Foot Locker by 13.0% during the second quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after acquiring an additional 348 shares during the last quarter. Finally, Exane Derivatives boosted its position in Foot Locker by 110,475.0% during the third quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock valued at $156,000 after acquiring an additional 4,419 shares during the last quarter. 95.20% 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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