Piper Jaffray Companies set a $35.00 target price on Foot Locker, Inc. (NYSE:FL) in a research note published on Tuesday morning. The brokerage currently has a hold rating on the athletic footwear retailer’s stock.
A number of other research firms have also weighed in on FL. Bank of America Corporation lowered Foot Locker from a neutral rating to an underperform rating in a research note on Friday, August 18th. Zacks Investment Research raised Foot Locker from a sell rating to a hold rating in a research note on Monday, October 23rd. Morgan Stanley reaffirmed an overweight rating and issued a $50.00 price objective (down previously from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. BidaskClub raised Foot Locker from a strong sell rating to a sell rating in a research note on Monday, July 31st. Finally, UBS AG reaffirmed a neutral rating on shares of Foot Locker in a research note on Monday, August 21st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company. Foot Locker currently has a consensus rating of Hold and an average target price of $57.67.
Foot Locker (FL) opened at $40.82 on Tuesday. The firm has a market capitalization of $3,950.00, a PE ratio of 6.70, a PEG ratio of 2.09 and a beta of 0.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 2.88. Foot Locker has a one year low of $28.42 and a one year high of $79.43.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Thursday, November 16th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.13 earnings per share. research analysts forecast that Foot Locker will post 3.94 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be issued 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 3.04%. Foot Locker’s payout ratio is 28.64%.
Several hedge funds and other institutional investors have recently modified their holdings of FL. Thrivent Financial For Lutherans raised its holdings in shares of Foot Locker by 4.0% in the first quarter. Thrivent Financial For Lutherans now owns 4,890 shares of the athletic footwear retailer’s stock worth $366,000 after buying an additional 190 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Foot Locker in the first quarter worth approximately $5,566,000. National Pension Service raised its holdings in shares of Foot Locker by 10.3% in the second quarter. National Pension Service now owns 158,883 shares of the athletic footwear retailer’s stock worth $7,738,000 after buying an additional 14,867 shares during the period. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Foot Locker by 505.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 21,513 shares of the athletic footwear retailer’s stock worth $1,060,000 after buying an additional 17,959 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Foot Locker by 9.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 67,213 shares of the athletic footwear retailer’s stock worth $3,312,000 after buying an additional 5,700 shares during the period. Hedge funds and other institutional investors own 95.20% 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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