Foot Locker, Inc. (NYSE:FL) has been given a $42.00 price objective by research analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the athletic footwear retailer’s stock. Canaccord Genuity’s price target points to a potential upside of 3.60% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Buckingham Research raised their price objective on Foot Locker from $29.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday. Susquehanna Bancshares Inc raised their price objective on Foot Locker from $37.00 to $50.00 and gave the company a “positive” rating in a research report on Monday. Telsey Advisory Group raised their price objective on Foot Locker from $34.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday. Wells Fargo & Company set a $42.00 price objective on Foot Locker and gave the company a “hold” rating in a research report on Monday. Finally, B. Riley set a $40.00 target price on Foot Locker and gave the stock a “hold” rating in a report on Monday. Two investment 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. Foot Locker has an average rating of “Hold” and a consensus target price of $53.26.

Foot Locker (NYSE FL) opened at $40.54 on Tuesday. Foot Locker has a 52-week low of $28.42 and a 52-week high of $79.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.08 and a current ratio of 4.39. The firm has a market capitalization of $5,010.00, a P/E ratio of 9.64, a P/E/G ratio of 2.76 and a beta of 0.66.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company earned $1.13 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. equities analysts forecast that Foot Locker will post 4.04 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in FL. D.A. Davidson & CO. lifted its position 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. lifted its position 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. lifted its position 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 lifted its position 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 lifted its position 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. Institutional investors and hedge funds own 87.42% of the company’s stock.

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.

Analyst Recommendations for Foot Locker (NYSE:FL)

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