Cowen and Company reissued their hold rating on shares of Foot Locker, Inc. (NYSE:FL) in a research note issued to investors on Friday morning. The firm currently has a $52.00 price objective on the athletic footwear retailer’s stock.

FL has been the subject of a number of other reports. Barclays PLC reissued an overweight rating and issued a $80.00 price target on shares of Foot Locker in a report on Thursday, June 22nd. Oppenheimer Holdings, Inc. started coverage on shares of Foot Locker in a report on Friday, July 7th. They issued a market perform rating for the company. Jefferies Group LLC set a $80.00 price target on shares of Foot Locker and gave the company a buy rating in a report on Tuesday, June 20th. Zacks Investment Research downgraded shares of Foot Locker from a hold rating to a sell rating in a report on Friday, July 7th. Finally, Deutsche Bank AG reaffirmed a buy rating and set a $88.00 price objective (down from $89.00) on shares of Foot Locker in a report on Sunday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $73.27.

Shares of Foot Locker (NYSE:FL) opened at 47.19 on Friday. The stock has a 50 day moving average of $49.11 and a 200-day moving average of $65.33. Foot Locker has a 52 week low of $44.59 and a 52 week high of $79.43. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 9.68 and a beta of 0.70.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.watchlistnews.com/cowen-and-company-reiterates-hold-rating-for-foot-locker-inc-fl/1465893.html.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, July 12th. Foot Locker’s dividend payout ratio is 25.36%.

In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of Foot Locker stock in a transaction that occurred on 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 sale, the director now owns 8,964 shares in the company, valued at approximately $532,461.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.73% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Charter Trust Co. boosted its stake in shares of Foot Locker by 4.0% in the first quarter. Charter Trust Co. now owns 5,062 shares of the athletic footwear retailer’s stock valued at $379,000 after buying an additional 197 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Foot Locker by 34.3% in the first quarter. Raymond James Trust N.A. now owns 6,454 shares of the athletic footwear retailer’s stock valued at $483,000 after buying an additional 1,650 shares in the last quarter. Hefty Wealth Partners acquired a new stake in shares of Foot Locker during the first quarter valued at approximately $1,303,000. Fulton Bank N.A. boosted its stake in shares of Foot Locker by 1.5% in the first quarter. Fulton Bank N.A. now owns 7,308 shares of the athletic footwear retailer’s stock valued at $547,000 after buying an additional 107 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Foot Locker by 0.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 114,421 shares of the athletic footwear retailer’s stock valued at $8,559,000 after buying an additional 1,038 shares in the last quarter. Institutional investors own 93.96% 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.

Analyst Recommendations for Foot Locker (NYSE:FL)

Receive News & Ratings for Foot Locker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.