Foot Locker (NYSE:FL) was upgraded by Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage presently has a $56.00 target price on the athletic footwear retailer’s stock, up from their prior target price of $44.00. Telsey Advisory Group’s target price points to a potential upside of 11.53% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Foot Locker from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Canaccord Genuity set a $67.00 price objective on Foot Locker and gave the stock a “buy” rating in a research report on Sunday, January 7th. Buckingham Research raised Foot Locker from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Friday, January 5th. Robert W. Baird reissued a “hold” rating and set a $52.00 price objective on shares of Foot Locker in a research report on Wednesday, January 3rd. Finally, Citigroup reissued a “buy” rating and set a $54.00 price objective on shares of Foot Locker in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $54.34.

Shares of Foot Locker (NYSE:FL) opened at $50.21 on Friday. Foot Locker has a 12-month low of $28.42 and a 12-month high of $77.86. The firm has a market capitalization of $6,085.70, a PE ratio of 11.90, a price-to-earnings-growth ratio of 2.46 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.09.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. sell-side analysts expect that Foot Locker will post 4.09 EPS for the current fiscal year.

In related news, Director Matthew M. Mckenna sold 10,899 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total transaction of $499,392.18. Following the transaction, the director now directly owns 35,000 shares in the company, valued at $1,603,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FL. Renaissance Technologies LLC grew its stake in shares of Foot Locker by 1,744.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,372,300 shares of the athletic footwear retailer’s stock valued at $67,627,000 after purchasing an additional 1,297,900 shares during the period. Rockefeller Financial Services Inc. bought a new stake in shares of Foot Locker in the 3rd quarter valued at approximately $42,618,000. Bank of New York Mellon Corp grew its stake in shares of Foot Locker by 32.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock valued at $126,495,000 after purchasing an additional 870,899 shares during the period. Koch Industries Inc. bought a new stake in shares of Foot Locker in the 2nd quarter valued at approximately $720,000. Finally, Bank of Montreal Can grew its stake in shares of Foot Locker by 367.4% in the 4th quarter. Bank of Montreal Can now owns 704,932 shares of the athletic footwear retailer’s stock valued at $33,049,000 after purchasing an additional 554,114 shares during the period. Institutional investors own 89.91% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.watchlistnews.com/foot-locker-fl-upgraded-at-telsey-advisory-group/1816876.html.

About Foot Locker

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related companies with MarketBeat.com's FREE daily email newsletter.