Foot Locker, Inc. (NYSE:FL) has been given a $72.00 target price by Deutsche Bank AG in a research report issued on Monday. The brokerage presently has a “buy” rating on the athletic footwear retailer’s stock. Deutsche Bank AG’s target price indicates a potential upside of 48.21% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Bank of America Corporation downgraded shares of Foot Locker from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $84.00 to $65.00 in a research report on Friday, May 19th. Wedbush reaffirmed an “outperform” rating and set a $83.00 price objective on shares of Foot Locker in a research report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 price objective on shares of Foot Locker and gave the company a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Finally, Argus lowered shares of Foot Locker from a “buy” rating to a “hold” rating and set a $54.85 target price for the company. in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Foot Locker presently has an average rating of “Buy” and an average target price of $74.79.

Shares of Foot Locker (NYSE:FL) traded down 0.10% during midday trading on Monday, hitting $48.53. 354,247 shares of the stock traded hands. The firm has a 50-day moving average price of $51.74 and a 200 day moving average price of $66.90. Foot Locker has a one year low of $44.87 and a one year high of $79.43. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 9.96 and a beta of 0.70.

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In other Foot Locker news, SVP Paulette Alviti sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $74.50, for a total value of $596,000.00. Following the transaction, the senior vice president now owns 36,641 shares in the company, valued at approximately $2,729,754.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jarobin Gilbert, Jr. sold 5,600 shares of the company’s 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 transaction, the director now owns 8,964 shares in the company, valued at approximately $532,461.60. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Foot Locker by 2,189.3% in the first quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock valued at $685,553,000 after buying an additional 8,763,641 shares in the last quarter. Morgan Stanley raised its position in Foot Locker by 151.3% in the first quarter. Morgan Stanley now owns 1,439,075 shares of the athletic footwear retailer’s stock valued at $107,656,000 after buying an additional 866,525 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Foot Locker by 7,355.2% in the first quarter. Wedge Capital Management L L P NC now owns 765,421 shares of the athletic footwear retailer’s stock valued at $57,261,000 after buying an additional 755,154 shares in the last quarter. JPMorgan Chase & Co. raised its position in Foot Locker by 130.0% in the first quarter. JPMorgan Chase & Co. now owns 698,340 shares of the athletic footwear retailer’s stock valued at $52,244,000 after buying an additional 394,688 shares in the last quarter. Finally, Capital Fund Management S.A. raised its position in Foot Locker by 6,715.1% in the first quarter. Capital Fund Management S.A. now owns 284,449 shares of the athletic footwear retailer’s stock valued at $21,280,000 after buying an additional 288,749 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

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)

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