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

Shares of Foot Locker, Inc. (NYSE:FL) have received an average rating of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Three 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. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $25.18.

Several research analysts have recently issued reports on FL shares. JPMorgan Chase & Co. lowered their price objective on Foot Locker from $27.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, December 4th. Barclays decreased their price target on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. The Goldman Sachs Group cut their price target on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a report on Thursday, December 5th. Gordon Haskett assumed coverage on Foot Locker in a research report on Monday, October 7th. They set an “accumulate” rating and a $27.00 target price for the company. Finally, Guggenheim cut their target price on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, December 5th.

Hedge Funds Weigh In On Foot Locker

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Foot Locker by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock valued at $117,123,000 after purchasing an additional 71,152 shares during the last quarter. Geode Capital Management LLC increased its holdings in Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after buying an additional 25,394 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Foot Locker by 10.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock worth $29,341,000 after acquiring an additional 106,402 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Foot Locker by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock valued at $28,775,000 after acquiring an additional 38,318 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Foot Locker by 43.3% in the third quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock valued at $23,202,000 after acquiring an additional 271,297 shares during the last quarter.

Foot Locker Stock Down 0.1 %

NYSE FL opened at $22.88 on Friday. Foot Locker has a fifty-two week low of $19.33 and a fifty-two week high of $35.60. The business has a fifty day moving average price of $23.28 and a two-hundred day moving average price of $25.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The stock has a market capitalization of $2.17 billion, a PE ratio of -5.07, a PEG ratio of 0.86 and a beta of 1.46.

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

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.