Foot Locker, Inc. (NYSE:FL) Receives $26.05 Consensus PT from Analysts

Foot Locker, Inc. (NYSE:FLGet Free Report) has been given an average recommendation of “Reduce” by the nineteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.05.

FL has been the topic of a number of recent research reports. Telsey Advisory Group boosted their target price on Foot Locker from $22.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. StockNews.com upgraded Foot Locker to a “sell” rating in a research note on Wednesday, November 29th. Citigroup downgraded Foot Locker from a “neutral” rating to a “sell” rating and set a $18.00 price target for the company. in a research note on Monday, November 27th. Morgan Stanley upped their price target on Foot Locker from $20.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 30th. Finally, Williams Trading reissued a “sell” rating and set a $15.00 price objective on shares of Foot Locker in a research report on Wednesday, November 22nd.

Check Out Our Latest Stock Analysis on FL

Foot Locker Stock Up 5.7 %

Shares of Foot Locker stock opened at $31.02 on Thursday. The stock’s fifty day moving average is $29.37 and its 200-day moving average is $24.20. The firm has a market capitalization of $2.92 billion, a PE ratio of 37.37 and a beta of 1.41. The company has a quick ratio of 0.35, a current ratio of 1.63 and a debt-to-equity ratio of 0.14. Foot Locker has a 12-month low of $14.84 and a 12-month high of $47.00.

Foot Locker (NYSE:FLGet Free Report) last issued its quarterly earnings results on Wednesday, November 29th. The athletic footwear retailer reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. Foot Locker had a return on equity of 5.83% and a net margin of 0.96%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. Foot Locker’s revenue for the quarter was down 8.6% compared to the same quarter last year. Equities analysts anticipate that Foot Locker will post 1.37 earnings per share for the current year.

Hedge Funds Weigh In On Foot Locker

Several hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC grew its stake in Foot Locker by 444.4% in the 3rd quarter. Global Retirement Partners LLC now owns 1,666 shares of the athletic footwear retailer’s stock valued at $31,000 after buying an additional 1,360 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Foot Locker by 68.3% during the 1st quarter. Advisors Asset Management Inc. now owns 1,336 shares of the athletic footwear retailer’s stock valued at $40,000 after purchasing an additional 542 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Foot Locker during the 2nd quarter valued at $42,000. National Bank of Canada FI grew its position in shares of Foot Locker by 200.5% during the 2nd quarter. National Bank of Canada FI now owns 1,641 shares of the athletic footwear retailer’s stock valued at $44,000 after purchasing an additional 1,095 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Foot Locker by 3,004.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock valued at $44,000 after purchasing an additional 1,352 shares in the last quarter.

About Foot Locker

(Get Free Report

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a youth culture brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.

Further Reading

Analyst Recommendations for Foot Locker (NYSE:FL)

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