Foot Locker, Inc. (NYSE:FL) has been given an average recommendation of “Buy” by the twenty-three ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $57.05.
Several research firms recently commented on FL. Bank of America set a $33.00 price target on shares of Foot Locker and gave the company a “sell” rating in a research report on Friday, August 23rd. Credit Suisse Group dropped their price target on shares of Foot Locker from $65.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Wedbush dropped their price target on shares of Foot Locker from $64.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. ValuEngine upgraded shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research report on Friday, October 4th. Finally, Piper Jaffray Companies set a $33.00 price target on shares of Foot Locker and gave the company a “hold” rating in a research report on Friday, August 23rd.
Shares of Foot Locker stock opened at $46.63 on Monday. The company has a current ratio of 1.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.14. Foot Locker has a 12-month low of $33.12 and a 12-month high of $68.00. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 0.96 and a beta of 0.98. The firm’s 50 day simple moving average is $43.09 and its two-hundred day simple moving average is $43.90.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, August 23rd. The athletic footwear retailer reported $0.66 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.83 billion. Foot Locker had a net margin of 6.51% and a return on equity of 21.05%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. On average, sell-side analysts predict that Foot Locker will post 4.94 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.26%. The ex-dividend date was Thursday, October 17th. Foot Locker’s payout ratio is currently 32.27%.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Foot Locker by 6.7% during the second quarter. BlackRock Inc. now owns 7,278,900 shares of the athletic footwear retailer’s stock worth $305,133,000 after purchasing an additional 454,489 shares during the last quarter. AQR Capital Management LLC increased its position in Foot Locker by 13.7% during the second quarter. AQR Capital Management LLC now owns 7,277,992 shares of the athletic footwear retailer’s stock worth $304,803,000 after purchasing an additional 878,954 shares during the last quarter. LSV Asset Management increased its position in shares of Foot Locker by 10.2% during the second quarter. LSV Asset Management now owns 4,627,248 shares of the athletic footwear retailer’s stock valued at $193,974,000 after acquiring an additional 427,361 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Foot Locker by 43.9% in the second quarter. Prudential Financial Inc. now owns 2,267,201 shares of the athletic footwear retailer’s stock valued at $95,041,000 after purchasing an additional 692,126 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of Foot Locker by 3.9% in the second quarter. APG Asset Management N.V. now owns 1,957,500 shares of the athletic footwear retailer’s stock valued at $72,057,000 after purchasing an additional 72,700 shares in the last quarter. Hedge funds and other institutional investors own 97.90% of the company’s stock.
Foot Locker Company Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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