Foot Locker (NYSE:FL) Given New $22.00 Price Target at Evercore ISI

Foot Locker (NYSE:FL) had its price target lowered by investment analysts at Evercore ISI from $30.00 to $22.00 in a report issued on Monday,Briefing.com Automated Import reports. The brokerage presently has an “outperform” rating on the athletic footwear retailer’s stock. Evercore ISI’s target price suggests a potential upside of 27.40% from the company’s previous close.

Several other brokerages have also recently commented on FL. Morgan Stanley reduced their target price on Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Williams Trading raised shares of Foot Locker from a “sell” rating to a “hold” rating and upped their target price for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. Telsey Advisory Group restated a “market perform” rating and set a $24.00 price target on shares of Foot Locker in a research note on Tuesday, February 25th. Barclays lowered their price objective on Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. decreased their price target on Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.35.

Foot Locker Trading Down 0.5 %

Shares of FL stock opened at $17.27 on Monday. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.64 billion, a P/E ratio of -3.83, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48. The firm’s fifty day simple moving average is $20.14 and its 200 day simple moving average is $23.58. Foot Locker has a 1 year low of $17.13 and a 1 year high of $34.89.

Foot Locker (NYSE:FL) last released its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the business posted $0.30 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Foot Locker will post 1.23 EPS for the current year.

Hedge Funds Weigh In On Foot Locker

A number of large investors have recently modified their holdings of the stock. Creative Planning increased its holdings in shares of Foot Locker by 42.1% in the third quarter. Creative Planning now owns 13,823 shares of the athletic footwear retailer’s stock valued at $357,000 after purchasing an additional 4,093 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Foot Locker in the 3rd quarter valued at $1,563,000. Chartwell Investment Partners LLC raised its position in shares of Foot Locker by 2.4% during the third quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer’s stock worth $870,000 after acquiring an additional 782 shares during the last quarter. Versor Investments LP acquired a new position in shares of Foot Locker during the third quarter valued at $793,000. Finally, Empowered Funds LLC lifted its stake in shares of Foot Locker by 5.4% during the third quarter. Empowered Funds LLC now owns 385,521 shares of the athletic footwear retailer’s stock valued at $9,962,000 after acquiring an additional 19,612 shares during the period.

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.