Foot Locker (NYSE:FL) received a $67.00 target price from research analysts at Canaccord Genuity in a research report issued on Friday. The brokerage presently has a “buy” rating on the athletic footwear retailer’s stock. Canaccord Genuity’s price objective points to a potential upside of 33.44% from the company’s previous close.
FL has been the topic of a number of other reports. Jefferies Group set a $61.00 price target on Foot Locker and gave the stock a “buy” rating in a research note on Friday, November 17th. Telsey Advisory Group upgraded Foot Locker from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $44.00 to $56.00 in a research note on Friday. Zacks Investment Research cut Foot Locker from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded Foot Locker from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, B. Riley set a $40.00 price target on Foot Locker and gave the stock a “hold” rating in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $54.34.
Foot Locker (NYSE FL) traded up $1.62 on Friday, reaching $50.21. The company had a trading volume of 4,010,587 shares, compared to its average volume of 3,540,000. Foot Locker has a 12-month low of $28.42 and a 12-month high of $77.86. The firm has a market capitalization of $6,090.00, a PE ratio of 12.65, a PEG ratio of 2.38 and a beta of 0.82. 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 (NYSE:FL) last released its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the firm posted $1.13 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. equities analysts predict that Foot Locker will post 4.09 earnings per share for the current year.
In other news, Director Matthew M. Mckenna sold 10,899 shares of the company’s 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 $1,603,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of FL. D.A. Davidson & CO. increased its holdings in Foot Locker by 50.3% in 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 during the last quarter. Smithfield Trust Co. increased its holdings in Foot Locker by 276.2% in 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 during the last quarter. Assetmark Inc. increased its holdings in Foot Locker by 205.0% in 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 during the last quarter. Exane Derivatives increased its holdings in Foot Locker by 110,475.0% in 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 during the last quarter. Finally, Court Place Advisors LLC purchased a new position in Foot Locker in the third quarter valued at $218,000. 89.91% of the stock is currently owned by hedge funds and other 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.