Foot Locker Receives Average Recommendation of “Buy” from Brokerages (NYSE:FL)
Foot Locker (NYSE:FL) has been given an average recommendation of “Buy” by the fourteen analysts that are presently covering the stock, Stock Ratings Network reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $49.92.
FL has been the subject of a number of recent research reports. Analysts at Buckingham Research initiated coverage on shares of Foot Locker in a research note on Wednesday, June 25th. They set a “buy” rating and a $58.00 price target on the stock. Separately, 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 Sterne Agee reiterated a “top pick” rating on shares of Foot Locker in a research note on Wednesday, June 11th.
Shares of Foot Locker (NYSE:FL) traded up 1.09% on Thursday, hitting $51.97. 157,988 shares of the company’s stock traded hands. Foot Locker has a 52 week low of $31.91 and a 52 week high of $51.95. The stock’s 50-day moving average is $49.30 and its 200-day moving average is $44.48. The company has a market cap of $7.520 billion and a P/E ratio of 16.91.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, May 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts expect that Foot Locker will post $3.30 EPS 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 1.71%. 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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