Foot Locker, Inc. (FL) Rating Reiterated by Wells Fargo & Company
Foot Locker, Inc. (NYSE:FL)‘s stock had its “market perform” rating reissued by Wells Fargo & Company in a research note issued to investors on Monday. They currently have a $42.00 price target on the athletic footwear retailer’s stock, up from their previous price target of $37.00. Wells Fargo & Company’s price objective would suggest a potential upside of 2.89% from the stock’s previous close.
FL has been the subject of several other research reports. ValuEngine cut shares of Foot Locker from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Deutsche Bank AG upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and upped their price target for the company from $38.00 to $45.00 in a report on Friday. Barclays PLC set a $80.00 price target on shares of Foot Locker and gave the company a “buy” rating in a report on Saturday, August 5th. Morgan Stanley reissued an “overweight” rating and issued a $50.00 price objective (down previously from $65.00) on shares of Foot Locker in a research report on Tuesday, August 29th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Foot Locker in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $54.22.
Foot Locker (NYSE:FL) opened at $40.82 on Monday. The firm has a market cap of $5,060.00, a P/E ratio of 9.67, a PEG ratio of 2.84 and a beta of 0.66. 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 2.08, a current ratio of 4.39 and a debt-to-equity ratio of 0.05.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.13 earnings per share. sell-side analysts expect that Foot Locker will post 3.95 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. grew its stake in shares of 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 acquiring an additional 714 shares in the last quarter. Smithfield Trust Co. grew its stake in shares of Foot Locker by 276.2% in 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 in the last quarter. Assetmark Inc. grew its stake in shares of Foot Locker by 205.0% in 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 in the last quarter. Penserra Capital Management LLC grew its stake in shares of Foot Locker by 13.0% in 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 in the last quarter. Finally, Exane Derivatives grew its stake in shares of Foot Locker by 110,475.0% in 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 in the last quarter. 87.42% of the stock is currently owned by 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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