Foot Locker (NYSE:FL) Rating Increased to B- at TheStreet

TheStreet upgraded shares of Foot Locker (NYSE:FLGet Rating) from a c rating to a b- rating in a research note published on Monday morning, TheStreetRatingsTable reports.

FL has been the topic of several other research reports. William Blair raised Foot Locker to a hold rating and set a $29.00 target price on the stock in a research note on Monday, August 22nd. The Goldman Sachs Group lifted their target price on Foot Locker from $28.00 to $37.00 and gave the company a neutral rating in a research note on Monday, August 22nd. Guggenheim lifted their target price on Foot Locker to $43.00 in a research note on Monday, August 22nd. Morgan Stanley decreased their target price on Foot Locker from $36.00 to $33.00 and set an equal weight rating on the stock in a research note on Tuesday. Finally, Cowen lifted their target price on Foot Locker from $35.00 to $39.00 in a research note on Monday. Twenty investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $39.61.

Foot Locker Stock Up 4.0 %

FL stock opened at $37.53 on Monday. Foot Locker has a twelve month low of $23.85 and a twelve month high of $50.34. 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 stock has a market cap of $3.50 billion, a P/E ratio of 8.55, a PEG ratio of 0.25 and a beta of 1.24. The business’s 50-day moving average price is $33.17 and its 200-day moving average price is $31.57.

Foot Locker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, January 13th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, January 12th. Foot Locker’s dividend payout ratio (DPR) is 36.45%.

Insider Transactions at Foot Locker

In related news, SVP Todd Greener sold 2,500 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $30.99, for a total transaction of $77,475.00. Following the completion of the transaction, the senior vice president now owns 8,421 shares in the company, valued at approximately $260,966.79. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 1,316 shares of the company’s stock in a transaction on Friday, October 21st. The stock was sold at an average price of $32.02, for a total value of $42,138.32. Following the completion of the sale, the insider now directly owns 11,468,571 shares in the company, valued at approximately $367,223,643.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Todd Greener sold 2,500 shares of the company’s stock in a transaction on 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 sale, the senior vice president now owns 8,421 shares of the company’s stock, valued at $260,966.79. The disclosure for this sale can be found here. In the last 90 days, insiders sold 557,380 shares of company stock worth $18,395,121. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Foot Locker

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Foot Locker by 5.0% in the 1st quarter. BlackRock Inc. now owns 8,129,401 shares of the athletic footwear retailer’s stock worth $241,118,000 after acquiring an additional 386,775 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Foot Locker by 6.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,026,418 shares of the athletic footwear retailer’s stock worth $156,482,000 after acquiring an additional 312,687 shares in the last quarter. LSV Asset Management raised its position in shares of Foot Locker by 1.6% in the 3rd quarter. LSV Asset Management now owns 4,492,965 shares of the athletic footwear retailer’s stock worth $139,866,000 after acquiring an additional 70,700 shares in the last quarter. State Street Corp raised its position in shares of Foot Locker by 9.4% in the 2nd quarter. State Street Corp now owns 2,895,754 shares of the athletic footwear retailer’s stock worth $73,118,000 after acquiring an additional 248,611 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Foot Locker by 6.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,501,378 shares of the athletic footwear retailer’s stock worth $46,738,000 after acquiring an additional 91,049 shares in the last quarter. 98.06% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

Analyst Recommendations for Foot Locker (NYSE:FL)

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