Foot Locker (NYSE:FL) was upgraded by equities researchers at Canaccord Genuity from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat reports. The firm currently has a $64.00 target price on the athletic footwear retailer’s stock, up from their previous target price of $42.00. Canaccord Genuity’s target price points to a potential upside of 44.37% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Jefferies Group set a $61.00 target price on shares of Foot Locker and gave the company a “buy” rating in a research report on Friday, November 17th. ValuEngine upgraded shares of Foot Locker from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. B. Riley set a $40.00 target price on shares of Foot Locker and gave the company a “hold” rating in a research report on Monday, November 20th. Telsey Advisory Group lowered shares of Foot Locker from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a research report on Friday, August 18th. Finally, Buckingham Research lowered shares of Foot Locker from a “buy” rating to a “neutral” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the stock. Foot Locker presently has a consensus rating of “Hold” and an average target price of $53.23.

Foot Locker (NYSE FL) traded down $1.02 during trading on Friday, hitting $44.33. 4,004,600 shares of the stock traded hands, compared to its average volume of 3,588,593. The company has a market capitalization of $5,623.29, a price-to-earnings ratio of 10.75, a P/E/G ratio of 2.22 and a beta of 0.84. The company has a quick ratio of 2.09, a current ratio of 4.41 and a debt-to-equity ratio of 0.05. Foot Locker has a fifty-two week low of $28.42 and a fifty-two week high of $77.86.

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, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $1.87 billion during 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 quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 earnings per share. research analysts expect that Foot Locker will post 4.08 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. lifted its stake in 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 valued at $105,000 after buying an additional 714 shares in the last quarter. Smithfield Trust Co. lifted its stake in Foot Locker by 276.2% during the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after buying an additional 2,348 shares in the last quarter. Assetmark Inc. lifted its stake in Foot Locker by 205.0% during the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after buying an additional 2,577 shares in the last quarter. Penserra Capital Management LLC lifted its stake in 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 valued at $148,000 after buying an additional 348 shares in the last quarter. Finally, Exane Derivatives lifted its stake in Foot Locker by 110,475.0% during the third 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 in the last quarter. 88.08% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Foot Locker (NYSE:FL)

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