B. Riley set a $40.00 target price on Foot Locker, Inc. (NYSE:FL) in a report published on Monday morning. The brokerage currently has a hold rating on the athletic footwear retailer’s stock. B. Riley also issued estimates for Foot Locker’s FY2018 earnings at $4.16 EPS, Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $1.26 EPS and FY2019 earnings at $4.35 EPS.

A number of other equities analysts have also commented on the company. BidaskClub lowered Foot Locker from a sell rating to a strong sell rating in a research note on Tuesday, July 25th. Morgan Stanley reaffirmed an overweight rating and issued a $50.00 price objective (down from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. Zacks Investment Research raised Foot Locker from a sell rating to a hold rating in a research note on Monday, October 23rd. Cowen and Company set a $37.00 price objective on Foot Locker and gave the stock a hold rating in a research note on Monday, October 23rd. Finally, Robert W. Baird reaffirmed a hold rating and issued a $37.00 price objective on shares of Foot Locker in a research note on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the stock. Foot Locker presently has an average rating of Hold and a consensus price target of $53.26.

Shares of Foot Locker (FL) opened at $40.44 on Monday. Foot Locker has a 12 month low of $28.42 and a 12 month high of $79.43. The company has a market capitalization of $5,050.00, a PE ratio of 9.67, a PEG ratio of 2.84 and a beta of 0.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.08 and a current ratio of 4.39.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $1.13 earnings per share. sell-side analysts anticipate that Foot Locker will post 3.95 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.24 annualized dividend and a dividend yield of 3.07%. Foot Locker’s payout ratio is 31.23%.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Foot Locker by 1.6% in the second quarter. Vanguard Group Inc. now owns 13,187,732 shares of the athletic footwear retailer’s stock worth $649,891,000 after purchasing an additional 201,518 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Foot Locker by 32.0% in the third quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock worth $126,495,000 after purchasing an additional 870,899 shares during the last quarter. APG Asset Management N.V. boosted its position in Foot Locker by 11.2% in the third quarter. APG Asset Management N.V. now owns 2,776,631 shares of the athletic footwear retailer’s stock worth $97,793,000 after purchasing an additional 279,200 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Foot Locker by 65.3% in the second quarter. Canada Pension Plan Investment Board now owns 1,819,210 shares of the athletic footwear retailer’s stock worth $89,651,000 after purchasing an additional 718,800 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Foot Locker by 1,744.5% in the second quarter. Renaissance Technologies LLC now owns 1,372,300 shares of the athletic footwear retailer’s stock worth $67,627,000 after purchasing an additional 1,297,900 shares during the last quarter. 87.42% of the stock is currently owned by institutional investors and hedge funds.

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)

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