Foot Locker, Inc. (FL) Given a $42.00 Price Target at Canaccord Genuity
Canaccord Genuity set a $42.00 price objective on Foot Locker, Inc. (NYSE:FL) in a research note published on Tuesday morning. The brokerage currently has a hold rating on the athletic footwear retailer’s stock.
Other equities analysts also recently issued research reports about the company. ValuEngine downgraded Foot Locker from a buy rating to a hold rating in a research report on Friday, September 1st. Deutsche Bank AG raised Foot Locker from a hold rating to a buy rating and boosted their target price for the company from $38.00 to $45.00 in a research report on Friday, November 17th. Barclays PLC set a $80.00 target price on Foot Locker and gave the company a buy rating in a research report on Saturday, August 5th. Morgan Stanley reissued an overweight rating and set a $50.00 target price (down previously from $65.00) on shares of Foot Locker in a research report on Tuesday, August 29th. Finally, Oppenheimer Holdings, Inc. reissued a hold rating on shares of Foot Locker in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company’s stock. Foot Locker presently has an average rating of Hold and a consensus price target of $53.26.
Shares of Foot Locker (NYSE FL) opened at $40.69 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 4.39 and a debt-to-equity ratio of 0.05. Foot Locker has a 12 month low of $28.42 and a 12 month high of $79.43. The stock has a market capitalization of $5,045.46, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 2.81 and a beta of 0.66.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the company posted $1.13 EPS. The company’s revenue was down .8% compared to the same quarter last year. sell-side analysts expect that Foot Locker will post 3.98 earnings per share for the current year.
The firm 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. This represents a $1.24 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, January 18th. Foot Locker’s dividend payout ratio is currently 31.16%.
A number of large investors have recently made changes to their positions in the stock. Afam Capital Inc. increased its position in Foot Locker by 73.4% during the 3rd quarter. Afam Capital Inc. now owns 34,033 shares of the athletic footwear retailer’s stock valued at $1,199,000 after buying an additional 14,409 shares in the last quarter. Highlander Capital Management LLC acquired a new position in Foot Locker during the 3rd quarter valued at about $352,000. Cubist Systematic Strategies LLC increased its position in Foot Locker by 8.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 51,637 shares of the athletic footwear retailer’s stock valued at $1,819,000 after buying an additional 3,981 shares in the last quarter. U S Global Investors Inc. acquired a new position in Foot Locker during the 3rd quarter valued at about $321,000. Finally, Vident Investment Advisory LLC increased its position in Foot Locker by 95.6% during the 3rd quarter. Vident Investment Advisory LLC now owns 69,782 shares of the athletic footwear retailer’s stock valued at $2,457,000 after buying an additional 34,103 shares in the last quarter. 87.42% of the stock is currently owned by institutional investors.
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.
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