Foot Locker, Inc. (NYSE:FL) Given Consensus Rating of “Buy” by Brokerages
Shares of Foot Locker, Inc. (NYSE:FL) have been assigned a consensus rating of “Buy” from the twenty-nine research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $72.10.
FL has been the subject of several analyst reports. TheStreet downgraded Foot Locker from a “b-” rating to a “c+” rating in a research report on Friday, June 30th. Jefferies Group LLC set a $80.00 price objective on Foot Locker and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. initiated coverage on Foot Locker in a research report on Friday, July 7th. They set a “market perform” rating for the company. Bank of America Corporation cut Foot Locker from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $84.00 to $65.00 in a report on Friday, May 19th. Finally, Deutsche Bank AG set a $72.00 target price on Foot Locker and gave the stock a “buy” rating in a report on Monday, July 17th.
In other Foot Locker news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the sale, the director now directly owns 8,964 shares of the company’s stock, valued at approximately $532,461.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.73% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. boosted its position in Foot Locker by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock valued at $311,000 after buying an additional 17 shares in the last quarter. Somerset Trust Co boosted its position in Foot Locker by 0.3% in the first quarter. Somerset Trust Co now owns 6,059 shares of the athletic footwear retailer’s stock valued at $453,000 after buying an additional 20 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in Foot Locker by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock valued at $694,000 after buying an additional 61 shares in the last quarter. Commerce Bank boosted its position in Foot Locker by 1.3% in the first quarter. Commerce Bank now owns 6,200 shares of the athletic footwear retailer’s stock valued at $464,000 after buying an additional 77 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Foot Locker by 1.9% in the first quarter. IFP Advisors Inc now owns 4,580 shares of the athletic footwear retailer’s stock valued at $343,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.
Foot Locker (NYSE:FL) opened at 48.84 on Tuesday. The stock has a market capitalization of $6.41 billion, a P/E ratio of 10.02 and a beta of 0.68. Foot Locker has a 52 week low of $44.59 and a 52 week high of $79.43. The stock’s 50 day moving average price is $48.88 and its 200-day moving average price is $65.15.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Wednesday, July 12th. Foot Locker’s dividend payout ratio (DPR) is currently 25.36%.
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Foot Locker Company Profile
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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