Susquehanna Bancshares upgraded shares of Foot Locker (NYSE:FL) from a neutral rating to a positive rating in a research report report published on Friday, Briefing.com Automated Import reports. Susquehanna Bancshares currently has $34.00 price target on the athletic footwear retailer’s stock, up from their previous price target of $25.00.
A number of other equities research analysts also recently issued reports on FL. Morgan Stanley reduced their price target on Foot Locker from $24.00 to $23.00 and set an equal weight rating on the stock in a research report on Tuesday, May 26th. Pivotal Research reduced their price target on Foot Locker from $45.00 to $37.00 and set a buy rating on the stock in a research report on Tuesday, May 19th. Barclays reduced their price target on Foot Locker from $43.00 to $24.00 and set an equal weight rating on the stock in a research report on Tuesday, May 5th. B. Riley downgraded Foot Locker from a buy rating to a neutral rating and set a $32.00 price target on the stock. in a research report on Monday, June 22nd. Finally, Raymond James reduced their target price on Foot Locker from $50.00 to $30.00 and set an outperform rating on the stock in a report on Friday, May 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. Foot Locker presently has a consensus rating of Hold and a consensus target price of $34.40.
Shares of NYSE FL opened at $28.84 on Friday. The firm has a market cap of $3.00 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 4.30 and a beta of 1.37. Foot Locker has a 1-year low of $17.46 and a 1-year high of $47.86. The company has a current ratio of 1.67, a quick ratio of 0.78 and a debt-to-equity ratio of 1.17. The business’s 50 day moving average is $29.30 and its 200-day moving average is $30.79.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, May 22nd. The athletic footwear retailer reported ($0.67) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.50). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.31 billion. Foot Locker had a return on equity of 12.13% and a net margin of 3.21%. The company’s quarterly revenue was down 43.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 EPS. Analysts forecast that Foot Locker will post 0.65 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new stake in shares of Foot Locker during the 4th quarter valued at $3,899,000. First Mercantile Trust Co. boosted its holdings in shares of Foot Locker by 11.6% during the 1st quarter. First Mercantile Trust Co. now owns 4,378 shares of the athletic footwear retailer’s stock valued at $97,000 after acquiring an additional 454 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Foot Locker by 5.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,544 shares of the athletic footwear retailer’s stock valued at $333,000 after acquiring an additional 457 shares in the last quarter. State of Tennessee Treasury Department boosted its holdings in shares of Foot Locker by 0.6% during the 1st quarter. State of Tennessee Treasury Department now owns 77,317 shares of the athletic footwear retailer’s stock valued at $1,705,000 after acquiring an additional 476 shares in the last quarter. Finally, ETF Managers Group LLC boosted its holdings in shares of Foot Locker by 11.4% during the 1st quarter. ETF Managers Group LLC now owns 4,817 shares of the athletic footwear retailer’s stock valued at $108,000 after acquiring an additional 492 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors.
Foot Locker Company Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
Featured Story: What is the Russell 2000 Index?
Receive News & Ratings for Foot Locker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related companies with MarketBeat.com's FREE daily email newsletter.