Canaccord Genuity Analysts Give Foot Locker (FL) a $67.00 Price Target
Several other research analysts have also weighed in on FL. Cowen reissued a hold rating and issued a $37.00 price objective on shares of Foot Locker in a research report on Thursday, September 21st. ValuEngine raised Foot Locker from a hold rating to a buy rating in a research report on Monday, October 2nd. Buckingham Research lowered Foot Locker from a buy rating to a neutral rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research raised Foot Locker from a sell rating to a hold rating in a research report on Monday, October 23rd. Finally, Robert W. Baird reissued a hold rating and issued a $37.00 price objective on shares of Foot Locker in a research report on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. Foot Locker has a consensus rating of Hold and an average target price of $53.82.
Foot Locker (NYSE FL) traded up $0.01 during midday trading on Friday, hitting $46.97. The company had a trading volume of 3,657,300 shares, compared to its average volume of 4,400,000. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. Foot Locker has a 12 month low of $28.42 and a 12 month high of $77.86. The firm has a market cap of $5,690.00, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 2.30 and a beta of 0.82.
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 paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.24 annualized dividend and a yield of 2.64%. Foot Locker’s payout ratio is 31.23%.
A number of institutional investors have recently bought and sold shares of the stock. Afam Capital Inc. lifted its stake in Foot Locker by 73.4% in the third quarter. Afam Capital Inc. now owns 34,033 shares of the athletic footwear retailer’s stock valued at $1,199,000 after purchasing an additional 14,409 shares during the last quarter. Highlander Capital Management LLC bought a new stake in Foot Locker during the 3rd quarter valued at $352,000. Cubist Systematic Strategies LLC raised its holdings in Foot Locker by 8.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 51,637 shares of the athletic footwear retailer’s stock valued at $1,819,000 after acquiring an additional 3,981 shares during the period. U S Global Investors Inc. bought a new stake in Foot Locker during the 3rd quarter valued at $321,000. Finally, Vident Investment Advisory LLC raised its holdings in Foot Locker by 95.6% during the 3rd quarter. Vident Investment Advisory LLC now owns 69,782 shares of the athletic footwear retailer’s stock valued at $2,457,000 after acquiring an additional 34,103 shares during the period. Institutional investors and hedge funds own 89.85% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2018/01/08/canaccord-genuity-analysts-give-foot-locker-fl-a-67-00-price-target.html.
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.
Receive News & Stock Ratings for Foot Locker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related stocks with our FREE daily email newsletter.