Foot Locker (NYSE:FL) was upgraded by equities research analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday. The firm presently has a $56.00 price objective on the athletic footwear retailer’s stock, up from their prior price objective of $44.00. Telsey Advisory Group’s target price indicates a potential upside of 15.25% from the company’s current price.
A number of other equities research analysts have also issued reports on FL. Cowen reiterated a “hold” rating and issued a $37.00 target price on shares of Foot Locker in a research note on Thursday, September 21st. ValuEngine upgraded Foot Locker from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Canaccord Genuity restated a “hold” rating and set a $39.00 price objective on shares of Foot Locker in a research note on Friday, October 20th. Buckingham Research lowered Foot Locker from a “buy” rating to a “neutral” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. Foot Locker currently has an average rating of “Hold” and an average price target of $54.34.
Shares of Foot Locker (NYSE:FL) opened at $48.59 on Friday. 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 12 month low of $28.42 and a 12 month high of $77.86. The stock has a market capitalization of $5,826.32, a PE ratio of 12.21, a PEG ratio of 2.35 and a beta of 0.82.
In other Foot Locker news, Director Matthew M. Mckenna sold 10,899 shares of Foot Locker stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total transaction of $499,392.18. Following the sale, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,603,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.90% of the company’s stock.
Several hedge funds have recently modified their holdings of FL. Global X Management Co. LLC grew its holdings in shares of Foot Locker by 310.6% in the 2nd quarter. Global X Management Co. LLC now owns 1,823 shares of the athletic footwear retailer’s stock worth $100,000 after acquiring an additional 1,379 shares during the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Foot Locker by 18.6% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer’s stock worth $104,000 after acquiring an additional 213 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of 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 worth $105,000 after acquiring an additional 714 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Foot Locker by 50.0% in the 1st quarter. Acrospire Investment Management LLC now owns 1,500 shares of the athletic footwear retailer’s stock worth $112,000 after acquiring an additional 500 shares during the last quarter. Finally, Smithfield Trust Co. grew its holdings in shares of Foot Locker by 276.2% in the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock worth $113,000 after acquiring an additional 2,348 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.
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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.
