Foot Locker Receives Average Rating of “Buy” from Analysts (NYSE:FL)
Shares of Foot Locker (NYSE:FL) have been given an average recommendation of “Buy” by the twelve brokerages that are currently covering the company, Stock Ratings Network.com reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $53.00.
Foot Locker (NYSE:FL) opened at 54.12 on Thursday. Foot Locker has a 52 week low of $31.91 and a 52 week high of $55.33. The stock has a 50-day moving average of $49.65 and a 200-day moving average of $46.92. The company has a market cap of $7.923 billion and a price-to-earnings ratio of 16.23.
Foot Locker (NYSE:FL) last released its earnings data on Friday, August 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.10. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts expect that Foot Locker will post $3.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, October 15th.
A number of research firms have recently commented on FL. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Foot Locker in a research note on Wednesday, August 20th. They now have a $55.00 price target on the stock, up previously from $53.00. Separately, 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. Finally, 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.
In other Foot Locker news, CFO Lauren B. Peters sold 40,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $52.00, for a total transaction of $2,080,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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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