Foot Locker Hits New 52-Week High at $49.63 (FL)
Foot Locker (NYSE:FL) shares hit a new 52-week high during trading on Thursday , American Banking News.com reports. The stock traded as high as $49.63 and last traded at $49.48, with a volume of 515,192 shares. The stock had previously closed at $49.20.
A number of analysts have recently weighed in on FL shares. Analysts at Sterne Agee raised their price target on shares of Foot Locker from $52.00 to $55.00 in a research note on Tuesday, May 27th. They now have a “buy” rating on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Foot Locker from $55.00 to $56.00 in a research note on Tuesday, May 27th. They now have a “fair value” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Foot Locker in a research note on Thursday, May 22nd. They now have a $51.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Foot Locker has an average rating of “Buy” and a consensus price target of $48.75.
The stock has a 50-day moving average of $47.43 and a 200-day moving average of $42.82. The company has a market cap of $7.353 billion and a P/E ratio of 16.18.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, May 23rd. The company reported $1.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.06 by $0.05. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the company posted $0.91 earnings per share. Foot Locker’s revenue was up 14.0% compared to the same quarter last year. On average, analysts predict that Foot Locker will post $3.30 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Stockholders of record on Friday, July 18th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, July 16th.
Foot Locker, Inc is a global retailer of shoes and apparel, operating 3,473 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand as of February 1, 2014.
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