Foot Locker, Inc. (FL) Given a $40.00 Price Target at Cowen and Company
Cowen and Company set a $40.00 target price on Foot Locker, Inc. (NYSE:FL) in a research note released on Saturday morning. The brokerage currently has a hold rating on the athletic footwear retailer’s stock.
A number of other equities analysts also recently weighed in on the stock. Jefferies Group LLC set a $61.00 target price on shares of Foot Locker and gave the stock a buy rating in a report on Friday. Deutsche Bank AG upgraded shares of Foot Locker from a hold rating to a buy rating and boosted their target price for the stock from $38.00 to $45.00 in a report on Friday. Canaccord Genuity lowered their target price on shares of Foot Locker from $39.00 to $36.00 and set a hold rating on the stock in a report on Wednesday. Piper Jaffray Companies set a $35.00 target price on shares of Foot Locker and gave the stock a hold rating in a report on Tuesday, November 14th. Finally, Telsey Advisory Group lowered their target price on shares of Foot Locker from $36.00 to $34.00 and set a market perform rating on the stock in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $57.97.
Shares of Foot Locker (FL) traded up $8.97 during mid-day trading on Friday, hitting $40.82. 30,431,269 shares of the stock were exchanged, compared to its average volume of 3,844,625. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.88 and a current ratio of 5.63. The company has a market capitalization of $5,061.60, a price-to-earnings ratio of 9.67, a PEG ratio of 2.84 and a beta of 0.66. Foot Locker has a twelve month low of $28.42 and a twelve month high of $79.43.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 earnings per share. equities analysts predict that Foot Locker will post 3.95 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.24 annualized dividend and a yield of 3.04%. Foot Locker’s dividend payout ratio is 31.16%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its position in Foot Locker by 1,291.0% during the second quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock worth $10,053,000 after purchasing an additional 189,326 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Foot Locker by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock worth $47,882,000 after acquiring an additional 91,716 shares during the last quarter. Tobam lifted its holdings in shares of Foot Locker by 47.1% in the second quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock worth $21,114,000 after acquiring an additional 137,206 shares during the last quarter. Bridgewater Associates LP lifted its holdings in shares of Foot Locker by 158.1% in the second quarter. Bridgewater Associates LP now owns 228,939 shares of the athletic footwear retailer’s stock worth $11,282,000 after acquiring an additional 140,253 shares during the last quarter. Finally, Sentry Investment Management LLC lifted its holdings in shares of Foot Locker by 131.7% in the second quarter. Sentry Investment Management LLC now owns 10,579 shares of the athletic footwear retailer’s stock worth $521,000 after acquiring an additional 6,014 shares during the last quarter. 95.20% of the stock is owned by institutional investors and hedge funds.
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.
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