Foot Locker, Inc. (NYSE:FL) Given Average Recommendation of "Hold" by Brokerages

Shares of Foot Locker, Inc. (NYSE:FL - Get Free Report) have been assigned a consensus rating of "Hold" from the fifteen ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $21.20.

A number of analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price target on shares of Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, March 5th. UBS Group dropped their target price on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Wall Street Zen downgraded shares of Foot Locker from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Gordon Haskett cut Foot Locker from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Needham & Company LLC set a $24.00 price target on Foot Locker in a research note on Thursday, May 29th.

Foot Locker Stock Down 0.1%

NYSE:FL opened at $23.96 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.64. The firm has a market cap of $2.28 billion, a P/E ratio of -6.35, a P/E/G ratio of 1.98 and a beta of 1.74. Foot Locker has a fifty-two week low of $11.00 and a fifty-two week high of $33.94. The firm has a 50-day simple moving average of $18.50 and a two-hundred day simple moving average of $18.60.

Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.86 billion. Foot Locker had a negative net margin of 4.54% and a positive return on equity of 3.65%. The firm's quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share. Analysts predict that Foot Locker will post 1.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Foot Locker

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FL. Harbour Investments Inc. boosted its position in shares of Foot Locker by 81.6% in the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock worth $31,000 after purchasing an additional 648 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Foot Locker during the 4th quarter valued at $32,000. GAMMA Investing LLC boosted its holdings in Foot Locker by 250.6% in the 1st quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock worth $35,000 after buying an additional 1,764 shares during the period. Sterling Capital Management LLC boosted its holdings in Foot Locker by 819.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock worth $57,000 after buying an additional 2,343 shares during the period. Finally, Pingora Partners LLC purchased a new stake in Foot Locker in the 4th quarter worth $61,000.

About Foot Locker

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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