Foot Locker (NYSE:FL) Now Covered by Analysts at Needham & Company LLC

Needham & Company LLC assumed coverage on shares of Foot Locker (NYSE:FL) in a research report sent to investors on Friday morning, Marketbeat.com reports. The firm issued a buy rating and a $27.00 target price on the athletic footwear retailer’s stock.

Several other research analysts have also recently weighed in on FL. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 price target on shares of Foot Locker in a report on Wednesday, August 28th. StockNews.com cut shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Barclays raised shares of Foot Locker from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $27.00 to $34.00 in a report on Thursday, August 29th. Evercore ISI upped their price target on shares of Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. Finally, Robert W. Baird decreased their price target 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. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.33.

Foot Locker Trading Up 6.2 %

NYSE:FL opened at $24.56 on Friday. The company has a market cap of $2.33 billion, a P/E ratio of -6.35, a P/E/G ratio of 0.68 and a beta of 1.44. The stock’s fifty day moving average price is $24.51 and its two-hundred day moving average price is $25.77. Foot Locker has a 1 year low of $20.47 and a 1 year high of $35.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. As a group, analysts expect that Foot Locker will post 1.49 EPS for the current year.

Institutional Trading of Foot Locker

Several institutional investors have recently added to or reduced their stakes in FL. Quarry LP purchased a new stake in Foot Locker during the second quarter valued at about $31,000. Fifth Third Bancorp boosted its position in Foot Locker by 116.0% during the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after buying an additional 733 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Foot Locker by 156.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock valued at $40,000 after buying an additional 985 shares during the period. Headlands Technologies LLC purchased a new stake in Foot Locker during the second quarter valued at about $43,000. Finally, nVerses Capital LLC purchased a new stake in Foot Locker during the third quarter valued at about $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.