Foot Locker (FL) Given a $67.00 Price Target at Canaccord Genuity

Foot Locker (NYSE:FL) has been assigned a $67.00 price target by equities researchers at Canaccord Genuity in a report released on Sunday. The firm presently has a “buy” rating on the athletic footwear retailer’s stock. Canaccord Genuity’s price target would indicate a potential upside of 42.64% from the company’s current price.

A number of other research analysts also recently commented on the stock. Buckingham Research raised shares of Foot Locker from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Friday. Robert W. Baird reissued a “hold” rating and issued a $52.00 price objective on shares of Foot Locker in a research report on Wednesday, January 3rd. Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, December 26th. Citigroup reissued a “buy” rating and issued a $54.00 price objective on shares of Foot Locker in a research report on Tuesday, December 19th. Finally, Standpoint Research downgraded shares of Foot Locker from a “buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a research report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.82.

Foot Locker (NYSE:FL) opened at $46.97 on Friday. The firm has a market cap of $5,690.00, a price-to-earnings ratio of 11.83, a P/E/G ratio of 2.30 and a beta of 0.82. Foot Locker has a 12-month low of $28.42 and a 12-month high of $77.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.09.

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

Institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. raised its stake in Foot Locker by 50.3% in the 2nd 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 in the last quarter. Smithfield Trust Co. raised its stake in Foot Locker by 276.2% in the 3rd 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 in the last quarter. Assetmark Inc. raised its stake in Foot Locker by 205.0% in the 3rd 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 in the last quarter. Exane Derivatives raised its stake in Foot Locker by 110,475.0% in the 3rd 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 in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Foot Locker by 49.6% in the 2nd quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock worth $194,000 after purchasing an additional 1,305 shares in the last quarter. Institutional investors and hedge funds own 89.85% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Foot Locker (FL) Given a $67.00 Price Target at Canaccord Genuity” was reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2018/01/09/foot-locker-fl-given-a-67-00-price-target-at-canaccord-genuity.html.

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.

Analyst Recommendations for Foot Locker (NYSE:FL)

What are top analysts saying about Foot Locker? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Foot Locker and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit