Foot Locker, Inc. (NYSE:FL) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

Several other equities analysts have also commented on FL. Susquehanna Bancshares Inc restated a “positive” rating and issued a $86.00 price objective on shares of Foot Locker in a report on Friday, April 21st. B. Riley restated a “buy” rating and issued a $79.00 price objective on shares of Foot Locker in a report on Thursday, April 20th. Barclays PLC restated an “overweight” rating and issued a $80.00 price objective on shares of Foot Locker in a report on Thursday, June 22nd. Morgan Stanley upgraded shares of Foot Locker from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $70.00 to $65.00 in a report on Tuesday. Finally, Wedbush restated an “outperform” rating and issued a $83.00 price objective on shares of Foot Locker in a report on Wednesday, May 17th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $72.92.

Shares of Foot Locker (FL) traded up 0.61% during trading on Friday, hitting $49.39. 775,322 shares of the stock were exchanged. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 10.13 and a beta of 0.68. The stock’s 50 day moving average price is $48.30 and its 200-day moving average price is $64.23. Foot Locker has a one year low of $44.59 and a one year high of $79.43. Foot Locker also saw some unusual options trading activity on Tuesday. Traders acquired 11,770 put options on the stock. This represents an increase of 447% compared to the average volume of 2,150 put options.

COPYRIGHT VIOLATION WARNING: “Foot Locker, Inc. (FL) Stock Rating Upgraded by BidaskClub” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.watchlistnews.com/foot-locker-inc-fl-stock-rating-upgraded-by-bidaskclub/1472278.html.

In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. YorkBridge Wealth Partners LLC boosted its position in shares of Foot Locker by 18.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer’s stock valued at $104,000 after buying an additional 213 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Foot Locker by 50.0% in the first quarter. Acrospire Investment Management LLC now owns 1,500 shares of the athletic footwear retailer’s stock valued at $112,000 after buying an additional 500 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Foot Locker by 13.0% in the second quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after buying an additional 348 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Foot Locker by 5.6% in the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock valued at $153,000 after buying an additional 109 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Foot Locker by 49.6% in the second quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock valued at $194,000 after buying an additional 1,305 shares during the last quarter. Institutional investors and hedge funds own 94.45% 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)

Receive News & Ratings for Foot Locker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.