Shares of Foot Locker, Inc. (NYSE:FL) have been given an average recommendation of “Hold” by the thirty research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $51.39.

FL has been the topic of a number of recent analyst reports. Cowen set a $40.00 price target on shares of Foot Locker and gave the company a “hold” rating in a research report on Saturday, November 18th. Bank of America lowered shares of Foot Locker from a “neutral” rating to an “underperform” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Morgan Stanley reiterated an “overweight” rating and set a $50.00 target price (down from $65.00) on shares of Foot Locker in a research report on Tuesday, August 29th. Finally, Deutsche Bank upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and upped their target price for the stock from $38.00 to $45.00 in a research report on Friday, November 17th.

Several hedge funds have recently modified their holdings of FL. Janus Henderson Group PLC boosted its holdings in Foot Locker by 1,291.0% during the second quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock worth $10,053,000 after purchasing an additional 189,326 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Foot Locker by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock worth $47,882,000 after purchasing an additional 91,716 shares during the last quarter. Tobam boosted its holdings in Foot Locker by 47.1% during the second quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock worth $21,114,000 after purchasing an additional 137,206 shares during the last quarter. Bridgewater Associates LP boosted its holdings in Foot Locker by 158.1% during the second quarter. Bridgewater Associates LP now owns 228,939 shares of the athletic footwear retailer’s stock worth $11,282,000 after purchasing an additional 140,253 shares during the last quarter. Finally, Sentry Investment Management LLC boosted its holdings in Foot Locker by 131.7% during the second quarter. Sentry Investment Management LLC now owns 10,579 shares of the athletic footwear retailer’s stock worth $521,000 after purchasing an additional 6,014 shares during the last quarter. 88.08% of the stock is owned by institutional investors.

Foot Locker (NYSE:FL) opened at $44.97 on Monday. The company has a market cap of $5,576.19, a PE ratio of 10.66, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. Foot Locker has a 12-month low of $28.42 and a 12-month high of $79.37. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.08.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share. equities research analysts predict that Foot Locker will post 4.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s dividend payout ratio is 31.16%.

COPYRIGHT VIOLATION NOTICE: “Foot Locker, Inc. (FL) Given Consensus Recommendation of “Hold” by Brokerages” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/12/11/foot-locker-inc-fl-given-consensus-recommendation-of-hold-by-brokerages-2.html.

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)

Receive News & Ratings for Foot Locker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker Inc. and related companies with MarketBeat.com's FREE daily email newsletter.