Foot Locker, Inc. (NYSE:FL) has been assigned a consensus recommendation of “Buy” from the twenty-three brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $55.38.
FL has been the topic of several recent research reports. Barclays reaffirmed an “outperform” rating and set a $50.00 target price on shares of Foot Locker in a research note on Wednesday. Susquehanna Bancshares raised shares of Foot Locker from a “neutral” rating to a “positive” rating and upped their target price for the stock from $39.00 to $55.00 in a research note on Friday, November 8th. Robert W. Baird downgraded shares of Foot Locker from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $54.00 to $37.00 in a research note on Monday, August 26th. Deutsche Bank cut their target price on shares of Foot Locker from $68.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, August 19th. Finally, Pivotal Research set a $50.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a research note on Monday, August 26th.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in Foot Locker by 82.6% during the 3rd quarter. Rhumbline Advisers now owns 308,454 shares of the athletic footwear retailer’s stock worth $13,313,000 after acquiring an additional 139,516 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in Foot Locker by 5.5% during the 2nd quarter. Bridges Investment Management Inc. now owns 6,810 shares of the athletic footwear retailer’s stock worth $285,000 after acquiring an additional 356 shares in the last quarter. USA Financial Portformulas Corp grew its holdings in Foot Locker by 36.3% during the 2nd quarter. USA Financial Portformulas Corp now owns 27,546 shares of the athletic footwear retailer’s stock worth $1,669,000 after acquiring an additional 7,330 shares in the last quarter. Comerica Bank grew its holdings in Foot Locker by 171.8% during the 3rd quarter. Comerica Bank now owns 64,480 shares of the athletic footwear retailer’s stock worth $2,845,000 after acquiring an additional 40,755 shares in the last quarter. Finally, AMG National Trust Bank grew its holdings in Foot Locker by 4.7% during the 3rd quarter. AMG National Trust Bank now owns 18,438 shares of the athletic footwear retailer’s stock worth $796,000 after acquiring an additional 827 shares in the last quarter. Institutional investors own 97.90% of the company’s stock.
Shares of Foot Locker stock traded up $0.17 on Monday, reaching $45.70. The company had a trading volume of 1,736,998 shares, compared to its average volume of 1,872,984. The firm’s 50 day moving average price is $43.79 and its two-hundred day moving average price is $43.47. The firm has a market cap of $4.90 billion, a PE ratio of 9.70, a PEG ratio of 0.96 and a beta of 0.98. Foot Locker has a 52-week low of $33.12 and a 52-week high of $68.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.99 and a current ratio of 1.99.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, August 23rd. The athletic footwear retailer reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.83 billion. Foot Locker had a net margin of 6.51% and a return on equity of 21.05%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. As a group, sell-side analysts predict that Foot Locker will post 4.93 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.33%. The ex-dividend date was Thursday, October 17th. Foot Locker’s dividend payout ratio (DPR) is presently 32.27%.
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.
Further Reading: Outstanding Shares and The Effect on Share Price
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