Foot Locker, Inc. (NYSE:FL)‘s stock had its “hold” rating restated by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Sunday. They presently have a $37.00 price target on the athletic footwear retailer’s stock. Robert W. Baird’s target price suggests a potential upside of 17.27% from the company’s previous close.
A number of other research firms have also issued reports on FL. BidaskClub raised shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. Oppenheimer Holdings, Inc. initiated coverage on shares of Foot Locker in a research report on Friday, July 7th. They issued a “market perform” rating for the company. FBR & Co reissued a “neutral” rating and issued a $58.00 price target on shares of Foot Locker in a research report on Tuesday, August 15th. Finally, Barclays PLC set a $80.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company. Foot Locker currently has a consensus rating of “Hold” and an average target price of $61.22.
Shares of Foot Locker (FL) traded down 4.60% during midday trading on Friday, hitting $31.55. 4,684,993 shares of the stock were exchanged. Foot Locker has a one year low of $29.89 and a one year high of $79.43. The stock has a market cap of $3.91 billion, a P/E ratio of 7.29 and a beta of 0.72. The stock’s 50-day moving average price is $33.70 and its 200 day moving average price is $49.63.
Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.28). Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the company posted $0.94 earnings per share. Foot Locker’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, analysts anticipate that Foot Locker will post $3.97 earnings per share for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC lifted its holdings in shares of Foot Locker by 1,291.0% during the second quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock valued at $10,053,000 after acquiring an additional 189,326 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Foot Locker by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock valued at $47,882,000 after acquiring an additional 91,716 shares during the period. Tobam lifted its holdings in shares of Foot Locker by 47.1% during the second quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock valued at $21,114,000 after acquiring an additional 137,206 shares during the period. Bridgewater Associates LP lifted its holdings in shares of Foot Locker by 158.1% during the second quarter. Bridgewater Associates LP now owns 228,939 shares of the athletic footwear retailer’s stock valued at $11,282,000 after acquiring an additional 140,253 shares during the period. Finally, Deltec Asset Management LLC bought a new position in shares of Foot Locker during the second quarter valued at $2,710,000. 95.34% of the stock is owned by institutional investors.
About Foot Locker
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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