Robert W. Baird restated their hold rating on shares of Foot Locker, Inc. (NYSE:FL) in a research note issued to investors on Sunday, October 29th. The firm currently has a $37.00 price target on the athletic footwear retailer’s stock.
A number of other equities analysts also recently commented on FL. ValuEngine downgraded shares of Foot Locker from a buy rating to a hold rating in a research note on Friday, September 1st. Oppenheimer Holdings, Inc. assumed coverage on shares of Foot Locker in a research note on Friday, July 7th. They issued a market perform rating on the stock. Barclays PLC set a $80.00 target price on shares of Foot Locker and gave the company a buy rating in a research note on Saturday, August 5th. Morgan Stanley reissued an overweight rating and issued a $50.00 target price (down previously from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. Finally, Credit Suisse Group reissued a neutral rating and issued a $52.00 target price (down previously from $66.00) on shares of Foot Locker in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $59.97.
Foot Locker (FL) opened at $30.00 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 firm has a market cap of $3,675.29, a PE ratio of 6.62, a price-to-earnings-growth ratio of 2.07 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 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.28). The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.80 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 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. equities analysts anticipate that Foot Locker will post 3.94 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Thrivent Financial For Lutherans raised its stake in Foot Locker by 4.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 4,890 shares of the athletic footwear retailer’s stock valued at $366,000 after purchasing an additional 190 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in Foot Locker during the 1st quarter valued at $811,000. Dimensional Fund Advisors LP raised its stake in Foot Locker by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 879,969 shares of the athletic footwear retailer’s stock valued at $65,832,000 after purchasing an additional 8,365 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Foot Locker during the 1st quarter valued at $5,566,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Foot Locker during the 1st quarter valued at $255,000. Institutional investors and hedge funds own 95.20% of the company’s stock.
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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