S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13

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

Last updated on Tuesday, November 30, 2021 | 2021 MarketBeat

Shares of Foot Locker, Inc. (NYSE:FL) have been given a consensus rating of "Hold" by the twenty-one ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $65.37.

A number of equities analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Foot Locker in a research report on Thursday, September 30th. They set an "underperform" rating and a $45.00 target price on the stock. Zacks Investment Research lowered shares of Foot Locker from a "buy" rating to a "hold" rating and set a $58.00 target price on the stock. in a research report on Tuesday, August 10th. JPMorgan Chase & Co. dropped their target price on shares of Foot Locker from $68.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, October 18th. Robert W. Baird dropped their target price on shares of Foot Locker from $66.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, November 22nd. They noted that the move was a valuation call. Finally, Wedbush assumed coverage on shares of Foot Locker in a research report on Monday, October 4th. They set a "neutral" rating and a $51.00 target price on the stock.

In other news, Director Matthew M. Mckenna sold 10,214 shares of the company's stock in a transaction dated Monday, November 8th. The stock was sold at an average price of $52.97, for a total value of $541,035.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company's stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. IndexIQ Advisors LLC boosted its position in Foot Locker by 2.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 7,192 shares of the athletic footwear retailer's stock worth $443,000 after acquiring an additional 189 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Foot Locker by 0.3% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 78,080 shares of the athletic footwear retailer's stock worth $4,812,000 after acquiring an additional 200 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Foot Locker by 1.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 15,158 shares of the athletic footwear retailer's stock worth $692,000 after acquiring an additional 218 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its position in Foot Locker by 1.5% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 16,170 shares of the athletic footwear retailer's stock worth $997,000 after acquiring an additional 245 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in Foot Locker by 4.0% during the 2nd quarter. Stephens Inc. AR now owns 6,792 shares of the athletic footwear retailer's stock worth $419,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Shares of FL opened at $47.96 on Tuesday. The firm has a market cap of $4.98 billion, a PE ratio of 5.51, a PEG ratio of 0.20 and a beta of 1.43. The firm's 50 day moving average price is $49.81 and its 200 day moving average price is $55.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.91 and a current ratio of 1.65. Foot Locker has a twelve month low of $36.94 and a twelve month high of $66.71.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, November 19th. The athletic footwear retailer reported $1.93 EPS for the quarter, beating the Zacks' consensus estimate of $1.37 by $0.56. Foot Locker had a net margin of 10.37% and a return on equity of 25.89%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm posted $1.21 earnings per share. The company's quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Foot Locker will post 7.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 28th. Shareholders of record on Friday, January 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, January 13th. This represents a $1.20 annualized dividend and a yield of 2.50%. Foot Locker's dividend payout ratio is currently 13.78%.

Foot Locker Company Profile

Foot Locker, Inc engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific.

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Analyst Recommendations for Foot Locker (NYSE:FL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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