Foot Locker, Inc. (NYSE:FL) Receives $24.94 Consensus Target Price from Analysts

Foot Locker, Inc. (NYSE:FL - Get Free Report) has received a consensus rating of "Hold" from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $24.94.

A number of research firms recently weighed in on FL. Morgan Stanley reduced their price objective on Foot Locker from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Thursday, March 7th. Bank of America reduced their target price on Foot Locker from $31.00 to $27.00 and set a "neutral" rating for the company in a report on Thursday, March 7th. The Goldman Sachs Group lifted their target price on Foot Locker from $18.00 to $20.00 and gave the stock a "sell" rating in a report on Thursday, November 30th. Jefferies Financial Group reduced their target price on Foot Locker from $25.00 to $24.00 and set a "hold" rating for the company in a report on Wednesday, March 6th. Finally, Guggenheim reduced their target price on Foot Locker from $35.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, March 7th.

Foot Locker Stock Down 0.0 %

Shares of NYSE:FL traded down $0.01 during trading on Friday, hitting $28.50. The stock had a trading volume of 3,686,855 shares, compared to its average volume of 5,923,916. Foot Locker has a 12 month low of $14.84 and a 12 month high of $42.79. The company has a quick ratio of 0.55, a current ratio of 1.72 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.68 billion, a PE ratio of -8.14, a PEG ratio of 0.68 and a beta of 1.45. The firm's fifty day moving average is $28.78 and its 200 day moving average is $25.64.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. Foot Locker had a positive return on equity of 4.25% and a negative net margin of 4.04%. The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the company earned $0.97 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. Analysts anticipate that Foot Locker will post 1.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Foot Locker

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. lifted its position in Foot Locker by 0.6% during the fourth quarter. Sei Investments Co. now owns 57,195 shares of the athletic footwear retailer's stock valued at $2,161,000 after purchasing an additional 336 shares in the last quarter. New York State Common Retirement Fund lifted its position in Foot Locker by 1.1% during the fourth quarter. New York State Common Retirement Fund now owns 33,635 shares of the athletic footwear retailer's stock valued at $1,048,000 after purchasing an additional 353 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in Foot Locker by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 26,662 shares of the athletic footwear retailer's stock valued at $831,000 after purchasing an additional 358 shares in the last quarter. Yousif Capital Management LLC lifted its position in Foot Locker by 0.9% during the fourth quarter. Yousif Capital Management LLC now owns 44,686 shares of the athletic footwear retailer's stock valued at $1,392,000 after purchasing an additional 380 shares in the last quarter. Finally, CWM LLC raised its holdings in Foot Locker by 26.7% during 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 during the period.

Foot Locker Company Profile

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 youth culture 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.