Foot Locker, Inc. (NYSE:FL)‘s stock had its “hold” rating reaffirmed by stock analysts at Cowen and Company in a research report issued on Thursday. They presently have a $37.00 price target on the athletic footwear retailer’s stock. Cowen and Company’s target price suggests a potential upside of 7.03% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank AG set a $72.00 price objective on Foot Locker and gave the stock a “buy” rating in a report on Monday, July 17th. Standpoint Research started coverage on Foot Locker in a report on Monday, June 12th. They set a “buy” rating and a $66.00 price objective on the stock. B. Riley restated a “buy” rating and set a $68.00 price objective on shares of Foot Locker in a report on Sunday, May 28th. Jefferies Group LLC set a $80.00 price objective on Foot Locker and gave the stock a “buy” rating in a report on Tuesday, June 20th. Finally, Barclays PLC set a $80.00 price objective on Foot Locker and gave the stock a “buy” rating in a report on Saturday, August 5th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company. Foot Locker presently has a consensus rating of “Hold” and a consensus target price of $65.21.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.28). Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business earned $0.94 EPS. Foot Locker’s revenue for the quarter was down 4.4% compared to the same quarter last year.

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Several hedge funds and other institutional investors have recently made changes to their positions in FL. D.A. Davidson & CO. increased its position in shares of Foot Locker by 50.3% during the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock worth $105,000 after acquiring an additional 714 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of Foot Locker by 13.0% during the second quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock worth $148,000 after acquiring an additional 348 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Foot Locker by 5.6% during the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock worth $153,000 after acquiring an additional 109 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Foot Locker by 49.6% during the second quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock worth $194,000 after acquiring an additional 1,305 shares during the last quarter. Finally, Ffcm LLC increased its position in shares of Foot Locker by 9.3% during the second quarter. Ffcm LLC now owns 4,072 shares of the athletic footwear retailer’s stock worth $201,000 after acquiring an additional 348 shares during the last quarter. 96.77% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Foot Locker (NYSE:FL)

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