Evercore ISI Lowers Foot Locker (NYSE:FL) Price Target to $32.00

Foot Locker (NYSE:FL) had its price objective lowered by equities research analysts at Evercore ISI from $38.00 to $32.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the athletic footwear retailer’s stock. Evercore ISI’s target price would suggest a potential upside of 26.43% from the company’s current price.

A number of other equities analysts have also commented on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 price target on shares of Foot Locker in a report on Wednesday, August 28th. Robert W. Baird reduced their target price on shares of Foot Locker from $35.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Barclays raised shares of Foot Locker from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $27.00 to $34.00 in a report on Thursday, August 29th. Gordon Haskett initiated coverage on shares of Foot Locker in a report on Monday, October 7th. They set an “accumulate” rating and a $27.00 target price on the stock. Finally, Needham & Company LLC initiated coverage on shares of Foot Locker in a report on Friday, November 22nd. They issued a “buy” rating and a $27.00 price target on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.56.

Foot Locker Stock Up 3.4 %

Foot Locker stock opened at $25.31 on Tuesday. Foot Locker has a twelve month low of $20.47 and a twelve month high of $35.60. The firm has a 50 day moving average price of $24.45 and a 200-day moving average price of $25.77. The company has a market capitalization of $2.40 billion, a P/E ratio of -6.59, a P/E/G ratio of 0.72 and a beta of 1.44. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. As a group, equities analysts predict that Foot Locker will post 1.49 EPS for the current year.

Institutional Trading of Foot Locker

A number of institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new position in shares of Foot Locker during the 2nd quarter valued at approximately $31,000. Fifth Third Bancorp increased its holdings in shares of Foot Locker by 116.0% during the 2nd 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. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Foot Locker by 156.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock valued at $40,000 after purchasing an additional 985 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Foot Locker during the 2nd quarter valued at approximately $43,000. Finally, nVerses Capital LLC purchased a new position in shares of Foot Locker during the 3rd quarter valued at approximately $47,000.

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.