Brokerages Set Foot Locker, Inc. (NYSE:FL) PT at $24.44

Foot Locker, Inc. (NYSE:FL) has been assigned an average rating of “Reduce” from the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $24.44.

A number of research firms have weighed in on FL. Telsey Advisory Group restated a “market perform” rating and set a $26.00 price objective on shares of Foot Locker in a research note on Thursday, May 30th. StockNews.com lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Morgan Stanley lowered shares of Foot Locker from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $24.00 to $18.00 in a research note on Thursday, July 18th. Barclays raised their price objective on shares of Foot Locker from $22.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, May 31st. Finally, Wedbush reiterated a “neutral” rating and issued a $25.00 price target on shares of Foot Locker in a research note on Wednesday, June 12th.

Institutional Trading of Foot Locker

Several large investors have recently added to or reduced their stakes in FL. Fifth Third Bancorp lifted its holdings in Foot Locker by 116.0% during the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after purchasing an additional 733 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Foot Locker by 3,004.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock valued at $44,000 after purchasing an additional 1,352 shares in the last quarter. CWM LLC lifted its holdings in Foot Locker by 26.7% during the fourth quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock valued at $57,000 after purchasing an additional 387 shares in the last quarter. Covestor Ltd lifted its holdings in Foot Locker by 43,900.0% during the first quarter. Covestor Ltd now owns 2,200 shares of the athletic footwear retailer’s stock valued at $63,000 after purchasing an additional 2,195 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in Foot Locker during the second quarter valued at approximately $91,000.

Foot Locker Trading Up 1.3 %

Shares of NYSE FL opened at $26.77 on Thursday. Foot Locker has a 1 year low of $14.84 and a 1 year high of $35.60. The stock has a market cap of $2.54 billion, a P/E ratio of -7.06, a price-to-earnings-growth ratio of 0.64 and a beta of 1.46. The firm has a 50-day moving average of $25.46 and a 200 day moving average of $25.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.68 and a quick ratio of 0.50.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Thursday, May 30th. The athletic footwear retailer reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.10. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Foot Locker had a negative net margin of 4.41% and a positive return on equity of 2.91%. Foot Locker’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. As a group, sell-side analysts expect that Foot Locker will post 1.52 EPS for the current fiscal year.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.