Foot Locker, Inc. (NYSE:FL) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of Foot Locker, Inc. (NYSE:FL) from a strong sell rating to a sell rating in a research report report published on Wednesday.

Several other equities analysts have also commented on FL. Zacks Investment Research raised shares of Foot Locker from a hold rating to a buy rating and set a $85.00 target price on the stock in a report on Monday, March 20th. Piper Jaffray Companies set a $76.00 price target on shares of Foot Locker and gave the company a hold rating in a research note on Monday, March 20th. Deutsche Bank AG reduced their price target on shares of Foot Locker from $90.00 to $89.00 and set a buy rating on the stock in a research note on Friday, March 24th. Jefferies Group LLC set a $90.00 price target on shares of Foot Locker and gave the company a buy rating in a research note on Monday, March 27th. Finally, Buckingham Research upgraded shares of Foot Locker from a neutral rating to a buy rating and raised their price target for the company from $77.00 to $89.00 in a research note on Thursday, April 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $74.83.

Foot Locker (NYSE:FL) traded down 0.97% during mid-day trading on Wednesday, reaching $47.93. 874,566 shares of the company were exchanged. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 9.83 and a beta of 0.70. Foot Locker has a 12-month low of $44.87 and a 12-month high of $79.43. The company’s 50 day moving average price is $57.60 and its 200-day moving average price is $69.18.

ILLEGAL ACTIVITY NOTICE: “Foot Locker, Inc. (NYSE:FL) Upgraded by BidaskClub to “Sell”” was originally posted by BBNS and is the property of of BBNS. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://baseballnewssource.com/markets/foot-locker-inc-nysefl-upgraded-by-bidaskclub-to-sell/1175033.html.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $1.24 annualized dividend and a dividend yield of 2.56%. Foot Locker’s dividend payout ratio is currently 25.36%.

In other Foot Locker news, SVP Paulette Alviti sold 8,000 shares of the business’s stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $74.50, for a total transaction of $596,000.00. Following the completion of the sale, the senior vice president now owns 36,641 shares in the company, valued at approximately $2,729,754.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jarobin Gilbert, Jr. sold 5,600 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the sale, the director now owns 8,964 shares of the company’s stock, valued at approximately $532,461.60. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC raised its stake in 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 raised its stake in 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. Van ECK Associates Corp raised its stake in 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. Pacer Advisors Inc. raised its stake in Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock valued at $197,000 after buying an additional 88 shares during the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new stake in Foot Locker during the first quarter valued at about $204,000. Institutional investors and hedge funds own 93.72% 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.

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 our FREE daily email newsletter.

 


Latest News

Michael Jordan and Derek Jeter May Buy Miami Marlins
Michael Jordan and Derek Jeter May Buy Miami Marlins
First Half Favorites for MLB Awards
First Half Favorites for MLB Awards
Houston’s George Springer Proving He Has What it Takes
Houston’s George Springer Proving He Has What it Takes
Aaron Judge Passes Yankees Legend Joe DiMaggio for Rookie Home Runs
Aaron Judge Passes Yankees Legend Joe DiMaggio for Rookie Home Runs
Legends from Latin American Will Be Honored by MLB
Legends from Latin American Will Be Honored by MLB
Home Run Derby Expected to Be the Best Yet
Home Run Derby Expected to Be the Best Yet


Leave a Reply

 
© 2006-2017 BBNS.