Foot Locker, Inc. (NYSE:FL) has received a consensus rating of “Hold” from the thirty analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $62.54.

Several research firms have commented on FL. B. Riley restated a “buy” rating and issued a $79.00 price target on shares of Foot Locker in a research note on Wednesday, May 17th. Piper Jaffray Companies restated a “neutral” rating on shares of Foot Locker in a research note on Monday, August 21st. ValuEngine downgraded shares of Foot Locker from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Group LLC set a $80.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research note on Saturday, May 20th. Finally, Robert W. Baird downgraded shares of Foot Locker from an “outperform” rating to a “neutral” rating in a research note on Monday, August 21st.

Shares of Foot Locker (FL) opened at 36.34 on Friday. The firm’s 50-day moving average price is $43.94 and its 200-day moving average price is $60.79. Foot Locker has a 12-month low of $31.56 and a 12-month high of $79.43. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 8.40 and a beta of 0.68.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.28. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The business’s revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. On average, analysts forecast that Foot Locker will post $3.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.41%. Foot Locker’s payout ratio is 28.57%.

Large investors have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its stake in shares of Foot Locker by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock worth $311,000 after buying an additional 17 shares during the last quarter. Somerset Trust Co boosted its stake in shares of Foot Locker by 0.7% in the second quarter. Somerset Trust Co now owns 6,100 shares of the athletic footwear retailer’s stock worth $300,000 after buying an additional 41 shares during the last quarter. Honkamp Krueger Financial Services Inc. boosted its stake in shares of Foot Locker by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock worth $694,000 after buying an additional 61 shares during the last quarter. Commerce Bank boosted its stake in shares of Foot Locker by 1.3% in the first quarter. Commerce Bank now owns 6,200 shares of the athletic footwear retailer’s stock worth $464,000 after buying an additional 77 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Foot Locker by 1.9% in the first quarter. IFP Advisors Inc now owns 4,580 shares of the athletic footwear retailer’s stock worth $343,000 after buying an additional 86 shares during the last quarter. 91.32% of the stock is owned by institutional investors and hedge funds.

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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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