Foot Locker, Inc. (NYSE:FL) Given Average Recommendation of “Hold” by Brokerages

Foot Locker, Inc. (NYSE:FLGet Rating) has earned a consensus rating of “Hold” from the twenty-three ratings firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $42.19.

Several analysts recently commented on the stock. Credit Suisse Group lowered shares of Foot Locker from an “outperform” rating to a “neutral” rating and cut their target price for the company from $70.00 to $30.00 in a research note on Friday, February 25th. The Goldman Sachs Group downgraded shares of Foot Locker from a “buy” rating to a “neutral” rating and reduced their price target for the company from $63.00 to $35.00 in a research report on Monday, February 28th. Citigroup downgraded shares of Foot Locker from a “buy” rating to a “sell” rating and reduced their price target for the company from $73.00 to $25.00 in a research report on Monday, February 28th. Seaport Res Ptn downgraded shares of Foot Locker from a “buy” rating to a “neutral” rating in a research report on Sunday, February 27th. Finally, OTR Global downgraded shares of Foot Locker to a “positive” rating in a research report on Monday, May 16th.

Institutional investors and hedge funds have recently made changes to their positions in the company. NN Investment Partners Holdings N.V. increased its stake in shares of Foot Locker by 663.9% during the 4th quarter. NN Investment Partners Holdings N.V. now owns 27,500 shares of the athletic footwear retailer’s stock worth $1,200,000 after purchasing an additional 23,900 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Foot Locker by 6.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 58,118 shares of the athletic footwear retailer’s stock worth $2,536,000 after purchasing an additional 3,336 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Foot Locker by 15.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,417 shares of the athletic footwear retailer’s stock worth $1,502,000 after purchasing an additional 4,716 shares during the last quarter. S&T Bank PA increased its stake in shares of Foot Locker by 3.4% during the 4th quarter. S&T Bank PA now owns 168,740 shares of the athletic footwear retailer’s stock worth $7,362,000 after purchasing an additional 5,565 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Foot Locker by 2.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 55,756 shares of the athletic footwear retailer’s stock worth $2,433,000 after purchasing an additional 1,283 shares during the last quarter. Institutional investors own 83.43% of the company’s stock.

Foot Locker stock opened at $29.11 on Friday. Foot Locker has a 12-month low of $26.36 and a 12-month high of $63.98. The stock has a market capitalization of $2.75 billion, a PE ratio of 3.64, a price-to-earnings-growth ratio of 0.20 and a beta of 1.27. The firm has a 50 day simple moving average of $30.28 and a 200-day simple moving average of $35.57. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.44 and a quick ratio of 0.53.

Foot Locker (NYSE:FLGet Rating) last released its earnings results on Friday, May 20th. The athletic footwear retailer reported $1.60 EPS for the quarter, beating the consensus estimate of $1.55 by $0.05. Foot Locker had a net margin of 9.18% and a return on equity of 23.04%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the business earned $1.96 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts forecast that Foot Locker will post 4.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, July 14th. This represents a $1.60 annualized dividend and a dividend yield of 5.50%. Foot Locker’s dividend payout ratio (DPR) is 20.00%.

Foot Locker Company Profile (Get Rating)

Foot Locker, Inc, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.

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Analyst Recommendations for Foot Locker (NYSE:FL)

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