Foot Locker (FL) – Analysts’ Recent Ratings Updates
Foot Locker (NYSE: FL) received a number of ratings updates from brokerages and research firms in the last week:
- Foot Locker had its price target raised by analysts at Canaccord Genuity from $56.00 to $59.00. They now have a “buy” rating on the stock.
- Foot Locker was downgraded by analysts at Piper Jaffray from an “overweight” rating to a “neutral” rating. They now have a $57.00 price target on the stock, up previously from $54.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
- Foot Locker had its price target raised by analysts at Telsey Advisory Group from $52.00 to $61.00. They now have a “not rated” rating on the stock.
- Foot Locker had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $62.00 price target on the stock, up previously from $56.00.
Shares of Foot Locker, Inc. (NYSE:FL) opened at 57.12 on Thursday. Foot Locker, Inc. has a one year low of $32.10 and a one year high of $57.90. The stock’s 50-day moving average is $50.81 and its 200-day moving average is $47.93. The company has a market cap of $8.362 billion and a price-to-earnings ratio of 17.67.
Foot Locker (NYSE:FL) last released its earnings data on Friday, August 22nd. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.10. The company had revenue of $1.64 billion for the quarter. During the same quarter last year, the company posted $0.46 earnings per share. Foot Locker’s revenue was up 12.9% compared to the same quarter last year. Analysts expect that Foot Locker, Inc. will post $3.44 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 1.54%. The ex-dividend date of this dividend is Wednesday, October 15th.
In other Foot Locker news, EVP Robert W. Mchugh sold 27,190 shares of the stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $56.12, for a total value of $1,525,902.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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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