Foot Locker (NYSE:FL) had its price target raised by stock analysts at Barclays from $55.00 to $60.00 in a report issued on Tuesday. The firm presently has an “overweight” rating on the athletic footwear retailer’s stock. Barclays’ price objective would suggest a potential upside of 31.49% from the stock’s previous close.
FL has been the subject of several other reports. Deutsche Bank upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and upped their target price for the stock from $38.00 to $45.00 in a research report on Friday, November 17th. Piper Jaffray Companies set a $35.00 target price on shares of Foot Locker and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Tuesday, December 26th. Buckingham Research lowered shares of Foot Locker from a “buy” rating to a “neutral” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Foot Locker from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $56.15.
Shares of Foot Locker (NYSE:FL) traded down $2.75 during trading hours on Tuesday, reaching $45.63. 4,430,000 shares of the company traded hands, compared to its average volume of 3,180,000. Foot Locker has a one year low of $28.42 and a one year high of $77.86. The stock has a market capitalization of $5,530.00, a price-to-earnings ratio of 11.49, a PEG ratio of 2.25 and a beta of 0.80. 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 earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.82 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. equities analysts predict that Foot Locker will post 4.1 earnings per share for the current fiscal year.
In other Foot Locker news, CEO Richard A. Johnson sold 25,000 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $50.05, for a total transaction of $1,251,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew M. Mckenna sold 10,899 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $45.82, for a total transaction of $499,392.18. Following the sale, the director now owns 35,000 shares of the company’s stock, valued at $1,603,700. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,899 shares of company stock valued at $2,801,692. Company insiders own 1.73% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. boosted its holdings in shares of 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. boosted its holdings in shares of 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. boosted its holdings in shares of 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. Exane Derivatives boosted its holdings in shares of 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. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Foot Locker during the fourth quarter worth about $188,000. Institutional investors own 89.01% 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.
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