Analysts Set Foot Locker, Inc. (NYSE:FL) Target Price at $24.94

Foot Locker, Inc. (NYSE:FL) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $24.94.

Several research analysts have recently commented on the stock. Citigroup raised shares of Foot Locker from a “sell” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $24.00 in a report on Friday, March 22nd. Guggenheim lowered their target price on shares of Foot Locker from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Evercore ISI raised shares of Foot Locker from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $28.00 to $32.00 in a research note on Monday, March 25th. Telsey Advisory Group reissued a “market perform” rating and issued a $28.00 price objective (down from $38.00) on shares of Foot Locker in a research note on Thursday, March 7th. Finally, Jefferies Financial Group decreased their price objective on shares of Foot Locker from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th.

Institutional Trading of Foot Locker

A number of hedge funds have recently added to or reduced their stakes in the stock. New Mexico Educational Retirement Board acquired a new stake in Foot Locker in the first quarter valued at approximately $549,000. Sunbelt Securities Inc. acquired a new position in shares of Foot Locker during the first quarter worth $100,000. Bridgeway Capital Management LLC lifted its holdings in shares of Foot Locker by 16.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 529,806 shares of the athletic footwear retailer’s stock worth $16,503,000 after purchasing an additional 74,214 shares during the period. Bayesian Capital Management LP bought a new position in Foot Locker during the fourth quarter worth $4,115,000. Finally, Comerica Bank raised its stake in Foot Locker by 1.5% during the fourth quarter. Comerica Bank now owns 41,010 shares of the athletic footwear retailer’s stock worth $1,277,000 after buying an additional 610 shares during the last quarter.

Foot Locker Stock Up 0.2 %

Shares of FL opened at $21.98 on Tuesday. Foot Locker has a 12 month low of $14.84 and a 12 month high of $42.79. The firm’s 50 day moving average is $26.27 and its 200-day moving average is $26.38. The stock has a market capitalization of $2.08 billion, a PE ratio of -6.28, a P/E/G ratio of 0.52 and a beta of 1.43. The company has a current ratio of 1.72, a quick ratio of 0.55 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last announced its earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm earned $0.97 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts forecast that Foot Locker will post 1.56 EPS for the current year.

Foot Locker Company Profile

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 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.