Foot Locker, Inc. (NYSE:FL) has earned an average rating of “Buy” from the twenty-six ratings firms that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $73.58.

FL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Wednesday, March 1st. Deutsche Bank AG cut their target price on shares of Foot Locker from $90.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday, March 24th. Piper Jaffray Companies set a $76.00 target price on shares of Foot Locker and gave the company a “hold” rating in a research report on Monday, March 20th. Cowen and Company cut their target price on shares of Foot Locker from $77.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, May 22nd. Finally, Canaccord Genuity raised their target price on shares of Foot Locker from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, February 22nd.

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Shares of Foot Locker (NYSE:FL) traded down 0.67% during midday trading on Monday, hitting $47.50. The stock had a trading volume of 4,297,568 shares. The firm has a market capitalization of $6.24 billion, a PE ratio of 9.75 and a beta of 0.63. Foot Locker has a 1-year low of $47.45 and a 1-year high of $79.43. The company’s 50 day moving average price is $63.30 and its 200-day moving average price is $70.57.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Wednesday, July 12th. Foot Locker’s payout ratio is 25.36%.

In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of Foot Locker stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the completion of the transaction, the director now directly owns 8,964 shares in the company, valued at $532,461.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paulette Alviti sold 8,000 shares of Foot Locker stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $74.50, for a total transaction of $596,000.00. Following the transaction, the senior vice president now owns 36,641 shares of the company’s stock, valued at $2,729,754.50. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of FL. YorkBridge Wealth Partners LLC boosted its position in shares of Foot Locker by 18.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer’s stock worth $104,000 after buying an additional 213 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Foot Locker by 50.0% in the first quarter. Acrospire Investment Management LLC now owns 1,500 shares of the athletic footwear retailer’s stock worth $112,000 after buying an additional 500 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Foot Locker by 7.3% in the fourth quarter. Van ECK Associates Corp now owns 1,938 shares of the athletic footwear retailer’s stock worth $137,000 after buying an additional 132 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock worth $197,000 after buying an additional 88 shares in the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Foot Locker during the first quarter worth about $204,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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.

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