Foot Locker (FL) Rating Reiterated by Citigroup

Foot Locker (NYSE:FL)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup in a report released on Tuesday. They currently have a $54.00 price objective on the athletic footwear retailer’s stock. Citigroup’s target price suggests a potential upside of 15.95% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Canaccord Genuity raised Foot Locker from a “hold” rating to a “buy” rating and raised their price target for the company from $42.00 to $64.00 in a research report on Friday. Standpoint Research downgraded Foot Locker from a “buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a research report on Monday, December 4th. ValuEngine raised Foot Locker from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Buckingham Research raised their price target on Foot Locker from $29.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, November 20th. Finally, Susquehanna Bancshares raised their price target on Foot Locker from $37.00 to $50.00 and gave the company a “positive” rating in a research report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $53.53.

Foot Locker (NYSE:FL) traded up $0.92 during midday trading on Tuesday, reaching $46.57. The company’s stock had a trading volume of 3,817,200 shares, compared to its average volume of 3,606,611. Foot Locker has a one year low of $28.42 and a one year high of $77.86. The company has a current ratio of 4.41, a quick ratio of 2.09 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $5,533.01, a price-to-earnings ratio of 10.82, a P/E/G ratio of 2.24 and a beta of 0.84.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period last year, the business posted $1.13 earnings per share. analysts forecast that Foot Locker will post 4.08 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. lifted its stake in Foot Locker by 50.3% during the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock worth $105,000 after purchasing an additional 714 shares during the period. Smithfield Trust Co. lifted its stake in Foot Locker by 276.2% during the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock worth $113,000 after purchasing an additional 2,348 shares during the period. Assetmark Inc. lifted its stake in Foot Locker by 205.0% during the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock worth $135,000 after purchasing an additional 2,577 shares during the period. Penserra Capital Management LLC lifted its stake in Foot Locker by 13.0% during the second quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock worth $148,000 after purchasing an additional 348 shares during the period. Finally, Exane Derivatives lifted its stake in Foot Locker by 110,475.0% during the third quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock worth $156,000 after purchasing an additional 4,419 shares during the period. Hedge funds and other institutional investors own 87.82% of the company’s stock.

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Foot Locker Company Profile

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.

Analyst Recommendations for Foot Locker (NYSE:FL)

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