Foot Locker, Inc. (FL) Price Target Increased to $44.00 by Analysts at Buckingham Research
Foot Locker, Inc. (NYSE:FL) had its price objective upped by Buckingham Research from $29.00 to $44.00 in a research note published on Monday. They currently have a neutral rating on the athletic footwear retailer’s stock.
Several other research analysts also recently commented on FL. B. Riley reissued a neutral rating on shares of Foot Locker in a report on Wednesday, November 1st. Telsey Advisory Group raised their price target on shares of Foot Locker from $34.00 to $44.00 and gave the company a market perform rating in a report on Monday. Wells Fargo & Company set a $42.00 price target on shares of Foot Locker and gave the company a hold rating in a report on Monday. Robert W. Baird downgraded shares of Foot Locker from an outperform rating to a neutral rating in a report on Monday, August 21st. Finally, Piper Jaffray Companies reissued a neutral rating on shares of Foot Locker in a report on Monday, August 21st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $53.26.
Foot Locker (NYSE FL) traded down $0.13 during trading on Monday, reaching $40.69. 11,052,300 shares of the company were exchanged, compared to its average volume of 3,465,068. Foot Locker has a fifty-two week low of $28.42 and a fifty-two week high of $79.43. The stock has a market cap of $5,050.00, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 2.84 and a beta of 0.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.39 and a quick ratio of 2.08.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business earned $1.13 EPS. Foot Locker’s revenue was down .8% compared to the same quarter last year. equities research analysts anticipate that Foot Locker will post 3.95 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.24 annualized dividend and a dividend yield of 3.05%. Foot Locker’s dividend payout ratio is presently 31.23%.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Foot Locker by 1.6% during the second quarter. Vanguard Group Inc. now owns 13,187,732 shares of the athletic footwear retailer’s stock valued at $649,891,000 after purchasing an additional 201,518 shares during the period. Bank of New York Mellon Corp lifted its position in Foot Locker by 32.0% during the third quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock valued at $126,495,000 after purchasing an additional 870,899 shares during the period. APG Asset Management N.V. lifted its position in Foot Locker by 11.2% during the third quarter. APG Asset Management N.V. now owns 2,776,631 shares of the athletic footwear retailer’s stock valued at $97,793,000 after purchasing an additional 279,200 shares during the period. Canada Pension Plan Investment Board lifted its position in Foot Locker by 65.3% during the second quarter. Canada Pension Plan Investment Board now owns 1,819,210 shares of the athletic footwear retailer’s stock valued at $89,651,000 after purchasing an additional 718,800 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Foot Locker by 1,744.5% during the second quarter. Renaissance Technologies LLC now owns 1,372,300 shares of the athletic footwear retailer’s stock valued at $67,627,000 after buying an additional 1,297,900 shares during the last quarter. Institutional investors own 87.42% 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.
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