Foot Locker (FL) Given New $44.00 Price Target at Buckingham Research

Foot Locker (NYSE:FL) had its price objective hoisted by research analysts at Buckingham Research from $29.00 to $44.00 in a research note issued to investors on Monday, November 20th. The firm currently has a “neutral” rating on the athletic footwear retailer’s stock. Buckingham Research’s target price would indicate a potential upside of 1.80% from the stock’s previous close.

A number of other research analysts also recently issued reports on FL. B. Riley restated a “neutral” rating on shares of Foot Locker in a research report on Wednesday, November 1st. Robert W. Baird downgraded shares of Foot Locker from an “outperform” rating to a “neutral” rating in a research report on Monday, August 21st. Piper Jaffray Companies reiterated a “neutral” rating on shares of Foot Locker in a research report on Monday, August 21st. Zacks Investment Research upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, BidaskClub upgraded shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $52.27.

Foot Locker (NYSE FL) traded up $0.40 during trading hours on Monday, reaching $43.22. 5,177,623 shares of the company traded hands, compared to its average volume of 3,590,286. The company has a current ratio of 4.39, a quick ratio of 2.08 and a debt-to-equity ratio of 0.05. Foot Locker has a twelve month low of $28.42 and a twelve month high of $79.43. The firm has a market cap of $5,381.50, a P/E ratio of 10.28, a PEG ratio of 2.13 and a beta of 0.84.

Foot Locker (NYSE:FL) last posted its earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $1.13 EPS. equities analysts predict that Foot Locker will post 4.07 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thrivent Financial For Lutherans grew its position in Foot Locker by 4.0% during the first quarter. Thrivent Financial For Lutherans now owns 4,890 shares of the athletic footwear retailer’s stock valued at $366,000 after acquiring an additional 190 shares during the last quarter. Renaissance Technologies LLC bought a new position in Foot Locker during the first quarter valued at approximately $5,566,000. Mn Services Vermogensbeheer B.V. grew its position in Foot Locker by 505.3% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 21,513 shares of the athletic footwear retailer’s stock valued at $1,060,000 after acquiring an additional 17,959 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Foot Locker by 9.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 67,213 shares of the athletic footwear retailer’s stock valued at $3,312,000 after acquiring an additional 5,700 shares during the last quarter. Finally, LS Investment Advisors LLC grew its position in Foot Locker by 24.6% during the second quarter. LS Investment Advisors LLC now owns 6,396 shares of the athletic footwear retailer’s stock valued at $315,000 after acquiring an additional 1,262 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors and hedge funds.

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Foot Locker Company Profile

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

Analyst Recommendations for Foot Locker (NYSE:FL)

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