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Foot Locker (NYSE:FL) hit a new 52-week high on Thursday , ARN reports. The stock traded as high as $50.13 and last traded at $49.82, with a volume of 450,220 shares changing hands. The stock had previously closed at $49.98.

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 $55.00 to $60.00 in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Foot Locker in a research note on Wednesday, June 11th. They now have a $51.00 price target on the stock, up previously from $50.00. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $49.25.

The stock’s 50-day moving average is $48.44 and its 200-day moving average is $43.65. The company has a market cap of $7.210 billion and a P/E ratio of 16.44.

Foot Locker (NYSE:FL) last announced its earnings results on Friday, May 23rd. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, analysts predict that Foot Locker will post $3.30 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Investors of record on Friday, July 18th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.77%. The ex-dividend date 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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