Foot Locker (NYSE:FL) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Foot Locker (NYSE:FLFree Report) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Several other brokerages have also commented on FL. Morgan Stanley lifted their target price on Foot Locker from $20.00 to $24.00 and gave the stock an equal weight rating in a research report on Friday, May 31st. UBS Group upgraded shares of Foot Locker from a sell rating to a neutral rating and boosted their target price for the company from $12.00 to $23.00 in a research note on Monday, March 11th. Barclays raised their price target on shares of Foot Locker from $22.00 to $27.00 and gave the stock an equal weight rating in a research report on Friday, May 31st. Evercore ISI raised shares of Foot Locker from an in-line rating to an outperform rating and boosted their price objective for the company from $28.00 to $32.00 in a research report on Monday, March 25th. Finally, Citigroup upgraded shares of Foot Locker from a sell rating to a neutral rating and increased their price objective for the stock from $19.00 to $24.00 in a research note on Friday, March 22nd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $24.81.

Read Our Latest Analysis on Foot Locker

Foot Locker Trading Down 1.7 %

FL opened at $25.07 on Tuesday. Foot Locker has a 12-month low of $14.84 and a 12-month high of $35.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.68 and a quick ratio of 0.50. The stock has a market capitalization of $2.37 billion, a PE ratio of -6.61, a P/E/G ratio of 0.59 and a beta of 1.47. The firm’s fifty day moving average price is $23.26 and its 200 day moving average price is $26.88.

Foot Locker (NYSE:FLGet Free Report) last issued its earnings results on Thursday, May 30th. The athletic footwear retailer reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.10. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. Foot Locker had a negative net margin of 4.41% and a positive return on equity of 2.91%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 EPS. As a group, research analysts expect that Foot Locker will post 1.55 EPS for the current fiscal year.

Institutional Trading of Foot Locker

Several hedge funds have recently added to or reduced their stakes in FL. Quadrant Capital Group LLC raised its position in shares of Foot Locker by 3,004.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock worth $44,000 after buying an additional 1,352 shares in the last quarter. CWM LLC boosted its holdings in shares of Foot Locker by 26.7% in the fourth quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock valued at $57,000 after acquiring an additional 387 shares in the last quarter. Covestor Ltd increased its stake in shares of Foot Locker by 43,900.0% during the first quarter. Covestor Ltd now owns 2,200 shares of the athletic footwear retailer’s stock valued at $63,000 after acquiring an additional 2,195 shares during the period. International Assets Investment Management LLC bought a new stake in Foot Locker during the fourth quarter worth approximately $100,000. Finally, Sunbelt Securities Inc. acquired a new stake in Foot Locker in the first quarter worth approximately $100,000.

About Foot Locker

(Get Free Report)

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.

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Analyst Recommendations for Foot Locker (NYSE:FL)

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