Foot Locker, Inc. (NYSE:FL) has been assigned a $37.00 target price by analysts at Cowen and Company in a research report issued to clients and investors on Monday. The firm presently has a “hold” rating on the athletic footwear retailer’s stock. Cowen and Company’s price objective would indicate a potential upside of 18.86% from the company’s previous close.

Several other equities analysts have also recently commented on the company. Buckingham Research cut Foot Locker from a “buy” rating to a “neutral” rating in a report on Monday. They noted that the move was a valuation call. Robert W. Baird cut Foot Locker from an “outperform” rating to a “neutral” rating in a report on Monday, August 21st. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Foot Locker in a report on Monday, August 21st. Zacks Investment Research raised Foot Locker from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $39.00 price target on shares of Foot Locker in a report on Friday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the company. Foot Locker currently has a consensus rating of “Hold” and a consensus target price of $62.88.

Shares of Foot Locker (FL) traded down 1.55% during midday trading on Monday, hitting $31.13. The company had a trading volume of 2,496,560 shares. Foot Locker has a one year low of $30.40 and a one year high of $79.43. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 7.19 and a beta of 0.72. The company’s 50 day moving average is $34.15 and its 200 day moving average is $50.48.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share 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 period in the prior year, the firm posted $0.94 EPS. Foot Locker’s revenue for the quarter was down 4.4% on a year-over-year basis. Equities analysts forecast that Foot Locker will post $3.97 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in FL. D.A. Davidson & CO. boosted its position in Foot Locker by 50.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after buying an additional 714 shares during the last quarter. Penserra Capital Management LLC boosted its position in Foot Locker by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after buying an additional 348 shares during the last quarter. Exane Derivatives boosted its position in Foot Locker by 110,475.0% in the 3rd quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock valued at $156,000 after buying an additional 4,419 shares during the last quarter. Pacer Advisors Inc. boosted its position in Foot Locker by 49.6% in the 2nd quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock valued at $194,000 after buying an additional 1,305 shares during the last quarter. Finally, Ffcm LLC boosted its position in Foot Locker by 9.3% in the 2nd quarter. Ffcm LLC now owns 4,072 shares of the athletic footwear retailer’s stock valued at $201,000 after buying an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 95.34% of the company’s stock.

About Foot Locker

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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