Foot Locker (NYSE:FL) PT Lowered to $33.00 at Morgan Stanley

Foot Locker (NYSE:FLGet Rating) had its price target decreased by Morgan Stanley from $36.00 to $33.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. Morgan Stanley currently has an equal weight rating on the athletic footwear retailer’s stock.

FL has been the subject of a number of other research reports. The Goldman Sachs Group lifted their price objective on Foot Locker from $28.00 to $37.00 and gave the company a neutral rating in a research note on Monday, August 22nd. Cowen lifted their price objective on Foot Locker from $35.00 to $39.00 in a research note on Monday. Cowen lifted their price objective on Foot Locker from $35.00 to $39.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on Foot Locker from $31.00 to $36.00 in a research note on Monday. Finally, Williams Trading upgraded Foot Locker from a sell rating to a hold rating in a research note on Monday, August 22nd. Twenty investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Foot Locker currently has an average rating of Hold and a consensus target price of $39.61.

Foot Locker Trading Up 4.0 %

FL opened at $37.53 on Tuesday. The stock has a market cap of $3.50 billion, a PE ratio of 8.55, a PEG ratio of 0.26 and a beta of 1.24. The company has a quick ratio of 0.43, a current ratio of 1.54 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $33.17 and a 200-day moving average of $31.57. Foot Locker has a 52 week low of $23.85 and a 52 week high of $50.34.

Foot Locker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Investors of record on Friday, January 13th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Thursday, January 12th. Foot Locker’s payout ratio is currently 36.45%.

Insider Buying and Selling at Foot Locker

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 81,199 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $36.74, for a total transaction of $2,983,251.26. Following the completion of the sale, the insider now owns 12,659,379 shares of the company’s stock, valued at $465,105,584.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Todd Greener sold 2,500 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $30.99, for a total value of $77,475.00. Following the completion of the transaction, the senior vice president now owns 8,421 shares of the company’s stock, valued at $260,966.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Vesa Equity Investment S.A R.L sold 81,199 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $36.74, for a total value of $2,983,251.26. Following the completion of the transaction, the insider now directly owns 12,659,379 shares of the company’s stock, valued at approximately $465,105,584.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 557,380 shares of company stock valued at $18,395,121. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Foot Locker

Hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. bought a new position in shares of Foot Locker in the first quarter worth about $25,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Foot Locker by 173.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 849 shares of the athletic footwear retailer’s stock worth $25,000 after acquiring an additional 539 shares during the period. C M Bidwell & Associates Ltd. bought a new position in shares of Foot Locker in the second quarter worth about $30,000. Wipfli Financial Advisors LLC purchased a new stake in shares of Foot Locker in the third quarter worth about $42,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Foot Locker by 68.3% in the first quarter. Advisors Asset Management Inc. now owns 1,336 shares of the athletic footwear retailer’s stock worth $40,000 after buying an additional 542 shares in the last quarter. Institutional investors own 98.06% of the company’s stock.

Foot Locker Company Profile

(Get Rating)

Foot Locker, Inc, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.

Featured Articles

Analyst Recommendations for Foot Locker (NYSE:FL)

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.