Research Analysts’ Weekly Ratings Updates for Foot Locker (FL)

Several analysts have recently updated their ratings and price targets for Foot Locker (NYSE: FL):

  • 7/17/2017 – Foot Locker had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $72.00 price target on the stock, down previously from $74.00.
  • 7/7/2017 – Foot Locker is now covered by analysts at Oppenheimer Holdings, Inc.. They set a “market perform” rating on the stock.
  • 7/7/2017 – Foot Locker was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Foot Locker, which has underperformed the industry in the past three months, has been witnessing a downtrend in estimates. This is due to dismal first quarter performance and a not so encouraging outlook for the second quarter and fiscal 2017. Delay in tax refunds broke the positive earnings surprise streak of Foot Locker, as earnings missed the estimate in the first quarter. We further noticed that total sales and comps grew marginally in the first quarter of fiscal 2017, which is in sharp contrast to the company’s performance in fiscal 2016. Nevertheless, management is working on all aspects to attain mid-single digit earnings per share growth in fiscal 2017 backed by effective implementation of operational and financial initiatives. We believe that continuous exploitation of opportunities such as children’s business, shop-in-shop expansion, store banner.com business, store refurbishment and enhancement of assortments, bode well.”
  • 7/5/2017 – Foot Locker was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/30/2017 – Foot Locker was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 6/22/2017 – Foot Locker had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $80.00 price target on the stock.
  • 6/20/2017 – Foot Locker was given a new $80.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 6/18/2017 – Foot Locker had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc.
  • 6/13/2017 – Foot Locker was downgraded by analysts at Argus from a “buy” rating to a “hold” rating. They now have a $54.85 price target on the stock.
  • 6/12/2017 – Foot Locker is now covered by analysts at Standpoint Research. They set a “buy” rating and a $66.00 price target on the stock.
  • 6/10/2017 – Foot Locker was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 6/5/2017 – Foot Locker had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $62.00 price target on the stock, down previously from $64.00.
  • 5/28/2017 – Foot Locker had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $68.00 price target on the stock.
  • 5/23/2017 – Foot Locker had its price target lowered by analysts at Wedbush from $83.00 to $72.00. They now have an “outperform” rating on the stock.
  • 5/22/2017 – Foot Locker had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $68.00 price target on the stock.
  • 5/22/2017 – Foot Locker had its price target lowered by analysts at Cowen and Company from $77.00 to $64.00. They now have a “market perform” rating on the stock.
  • 5/22/2017 – Foot Locker had its price target lowered by analysts at Deutsche Bank AG from $88.00 to $74.00. They now have a “buy” rating on the stock.
  • 5/22/2017 – Foot Locker had its price target lowered by analysts at Citigroup Inc. from $92.00 to $81.00. They now have a “buy” rating on the stock.
  • 5/22/2017 – Foot Locker had its price target lowered by analysts at Barclays PLC from $85.00 to $80.00. They now have an “overweight” rating on the stock.
  • 5/22/2017 – Foot Locker had its price target lowered by analysts at Robert W. Baird from $85.00 to $77.00. They now have an “outperform” rating on the stock.
  • 5/20/2017 – Foot Locker was given a new $75.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 5/20/2017 – Foot Locker was given a new $80.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 5/20/2017 – Foot Locker was given a new $60.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 5/19/2017 – Foot Locker was downgraded by analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating. They now have a $65.00 price target on the stock, down previously from $84.00.

Foot Locker, Inc. (NYSE FL) traded up 1.09% during mid-day trading on Monday, hitting $48.95. The stock had a trading volume of 2,438,028 shares. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 10.04 and a beta of 0.70. The firm’s 50-day moving average is $57.60 and its 200 day moving average is $69.18. Foot Locker, Inc. has a 12 month low of $44.87 and a 12 month high of $79.43.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, July 12th. Foot Locker’s payout ratio is currently 25.36%.

In related news, SVP Paulette Alviti sold 8,000 shares of Foot Locker stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $74.50, for a total transaction of $596,000.00. Following the completion of the sale, the senior vice president now owns 36,641 shares of the company’s stock, valued at $2,729,754.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jarobin Gilbert, Jr. sold 5,600 shares of Foot Locker stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total value of $332,640.00. Following the sale, the director now directly owns 8,964 shares of the company’s stock, valued at approximately $532,461.60. The disclosure for this sale can be found here. 1.73% of the stock is owned by company insiders.

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.

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