Foot Locker (NYSE:FL) had its price target lowered by investment analysts at Raymond James from $70.00 to $65.00 in a note issued to investors on Monday, Briefing.com Automated Import reports. The firm presently has an “outperform” rating on the athletic footwear retailer’s stock. Raymond James’ price target would indicate a potential upside of 60.91% from the company’s previous close.
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Several other brokerages also recently weighed in on FL. Wedbush lowered their target price on Foot Locker from $64.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. ValuEngine upgraded Foot Locker from a “strong sell” rating to a “sell” rating in a research note on Friday, October 4th. Citigroup lowered their target price on Foot Locker from $50.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, August 26th. Susquehanna Bancshares upgraded Foot Locker from a “neutral” rating to a “positive” rating and raised their target price for the company from $39.00 to $55.00 in a research note on Friday, November 8th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $53.00 price target on shares of Foot Locker in a research report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Foot Locker presently has a consensus rating of “Buy” and an average target price of $54.95.
Shares of NYSE FL opened at $40.40 on Monday. Foot Locker has a 12-month low of $33.12 and a 12-month high of $68.00. The company has a market cap of $4.44 billion, a P/E ratio of 8.58, a P/E/G ratio of 0.86 and a beta of 0.98. The company has a current ratio of 1.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.14. The stock has a fifty day moving average price of $44.02 and a 200 day moving average price of $42.98.
Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, November 22nd. The athletic footwear retailer reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.06. Foot Locker had a return on equity of 21.05% and a net margin of 6.51%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm earned $0.95 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts forecast that Foot Locker will post 4.94 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of FL. Psagot Investment House Ltd. bought a new stake in shares of Foot Locker during the second quarter valued at approximately $30,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Foot Locker during the second quarter valued at approximately $43,000. Quadrant Capital Group LLC raised its holdings in shares of Foot Locker by 364.9% during the third quarter. Quadrant Capital Group LLC now owns 1,111 shares of the athletic footwear retailer’s stock valued at $44,000 after buying an additional 872 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Foot Locker by 226.6% during the second quarter. Parallel Advisors LLC now owns 1,339 shares of the athletic footwear retailer’s stock valued at $56,000 after buying an additional 929 shares during the last quarter. Finally, Private Capital Group LLC raised its holdings in shares of Foot Locker by 80.3% during the second quarter. Private Capital Group LLC now owns 1,082 shares of the athletic footwear retailer’s stock valued at $57,000 after buying an additional 482 shares during the last quarter. 97.90% of the stock is currently owned by hedge funds and other institutional investors.
About Foot Locker
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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