Robert W. Baird Reiterates Hold Rating for Foot Locker (FL)
Foot Locker (NYSE:FL)‘s stock had its “hold” rating reiterated by analysts at Robert W. Baird in a research report issued on Wednesday. They currently have a $52.00 price target on the athletic footwear retailer’s stock. Robert W. Baird’s price objective would suggest a potential upside of 10.73% from the company’s current price.
Several other analysts also recently commented on FL. B. Riley restated a “neutral” rating on shares of Foot Locker in a research report on Wednesday, November 1st. Telsey Advisory Group reduced their price target on shares of Foot Locker from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Monday, November 13th. Wells Fargo & Co set a $42.00 price target on shares of Foot Locker and gave the company a “hold” rating in a report on Monday, November 20th. Susquehanna Bancshares lifted their price target on shares of Foot Locker from $37.00 to $50.00 and gave the company a “positive” rating in a report on Monday, November 20th. Finally, Canaccord Genuity set a $42.00 price target on shares of Foot Locker and gave the company a “hold” rating in a report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $53.69.
Shares of Foot Locker (NYSE FL) traded up $0.65 during mid-day trading on Wednesday, hitting $46.96. 2,568,689 shares of the stock traded hands, compared to its average volume of 3,559,400. The company has a market cap of $5,690.00, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 2.35 and a beta of 0.82. Foot Locker has a 12-month low of $28.42 and a 12-month high of $77.86. The company has a quick ratio of 2.09, a current ratio of 4.41 and a debt-to-equity ratio of 0.05.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The company’s revenue was down .8% on a year-over-year basis. During the same period last year, the firm earned $1.13 EPS. equities analysts expect that Foot Locker will post 4.08 earnings per share for the current year.
Several large investors have recently modified their holdings of FL. Renaissance Technologies LLC grew its stake in shares of Foot Locker by 1,744.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,372,300 shares of the athletic footwear retailer’s stock worth $67,627,000 after buying an additional 1,297,900 shares in the last quarter. Rockefeller Financial Services Inc. purchased a new position in shares of Foot Locker in the 3rd quarter worth $42,618,000. Bank of New York Mellon Corp grew its stake in shares of Foot Locker by 32.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock worth $126,495,000 after buying an additional 870,899 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of Foot Locker in the 2nd quarter worth $720,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Foot Locker by 1,911.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 384,296 shares of the athletic footwear retailer’s stock worth $13,535,000 after buying an additional 365,193 shares in the last quarter. 89.85% of the stock is owned by institutional investors and hedge funds.
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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.
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