Foot Locker Given New $46.00 Price Target at Susquehanna (FL)
Investment analysts at Susquehanna upped their price objective on shares of Foot Locker (NYSE:FL) from $44.00 to $46.00 in a note issued to investors on Friday, Stock Ratings Network.com reports. Susquehanna’s target price would suggest a potential upside of 16.49% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. raised their price target on shares of Foot Locker from $43.00 to $45.00 in a research note to investors on Friday, December 27th. Separately, analysts at Sterne Agee raised their price target on shares of Foot Locker from $41.00 to $46.00 in a research note to investors on Monday, November 25th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Foot Locker from $39.00 to $43.00 in a research note to investors on Monday, November 25th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Foot Locker has a consensus rating of “Buy” and a consensus target price of $41.40.
Shares of Foot Locker (NYSE:FL) traded down 0.96% on Friday, hitting $39.11. The stock had a trading volume of 392,091 shares. Foot Locker has a 1-year low of $31.30 and a 1-year high of $41.73. The stock’s 50-day moving average is $40.0 and its 200-day moving average is $36.06. The company has a market cap of $5.739 billion and a price-to-earnings ratio of 14.52.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.02. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the company posted $0.63 earnings per share. Foot Locker’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Foot Locker will post $2.80 earnings per share for the current fiscal year.
Foot Locker, Inc is a global retailer of athletic shoes and apparel, operating 3,369 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of January 28, 2012.
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