Cowen and Company restated their hold rating on shares of Foot Locker, Inc. (NYSE:FL) in a research note released on Friday. The brokerage currently has a $33.00 price target on the athletic footwear retailer’s stock.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley raised shares of Foot Locker from an equal weight rating to an overweight rating and decreased their target price for the company from $70.00 to $65.00 in a research note on Tuesday, August 8th. Canaccord Genuity downgraded shares of Foot Locker from a buy rating to a hold rating in a research note on Friday, August 18th. B. Riley reaffirmed a neutral rating on shares of Foot Locker in a research note on Wednesday, November 1st. FBR & Co reaffirmed a hold rating on shares of Foot Locker in a research note on Monday, August 21st. Finally, Zacks Investment Research raised shares of Foot Locker from a sell rating to a hold rating in a research note on Monday, October 23rd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $61.05.

Foot Locker (NYSE:FL) traded down $0.27 during mid-day trading on Friday, reaching $30.34. 3,786,800 shares of the company were exchanged, compared to its average volume of 3,283,254. 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 $3,795.57, a P/E ratio of 6.83, a P/E/G ratio of 2.13 and a beta of 0.66. The company has a current ratio of 5.63, a quick ratio of 2.88 and a debt-to-equity ratio of 0.04.

Foot Locker (NYSE:FL) last announced its earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.28). Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business posted $0.94 EPS. Foot Locker’s revenue for the quarter was down 4.4% on a year-over-year basis. equities research analysts anticipate that Foot Locker will post 3.94 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were given a $0.31 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.24 annualized dividend and a yield of 4.09%. Foot Locker’s payout ratio is presently 28.57%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its position in Foot Locker by 1,291.0% in the second quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock worth $10,053,000 after acquiring an additional 189,326 shares during the period. Dimensional Fund Advisors LP raised its position in Foot Locker by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock worth $47,882,000 after acquiring an additional 91,716 shares during the period. Tobam raised its position in Foot Locker by 47.1% in the second quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock worth $21,114,000 after acquiring an additional 137,206 shares during the period. Bridgewater Associates LP raised its position in Foot Locker by 158.1% in the second quarter. Bridgewater Associates LP now owns 228,939 shares of the athletic footwear retailer’s stock worth $11,282,000 after acquiring an additional 140,253 shares during the period. Finally, Sentry Investment Management LLC raised its position in Foot Locker by 131.7% in the second quarter. Sentry Investment Management LLC now owns 10,579 shares of the athletic footwear retailer’s stock worth $521,000 after acquiring an additional 6,014 shares during the period. Institutional investors and hedge funds own 95.29% of the company’s stock.

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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