Foot Locker (NYSE:FL) PT Lowered to $36.00 at Canaccord Genuity

Foot Locker (NYSE:FL) had its target price decreased by research analysts at Canaccord Genuity from $39.00 to $36.00 in a research report issued to clients and investors on Wednesday, November 15th, Marketbeat.com reports. The brokerage currently has a “hold” rating on the athletic footwear retailer’s stock. Canaccord Genuity’s price objective would suggest a potential downside of 16.88% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Barclays set a $80.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a research report on Saturday, August 5th. Jefferies Group reiterated a “buy” rating and issued a $80.00 target price on shares of Foot Locker in a research report on Thursday, August 3rd. Buckingham Research reiterated a “buy” rating and issued a $47.00 target price (down previously from $61.00) on shares of Foot Locker in a research report on Tuesday, August 22nd. ValuEngine upgraded shares of Foot Locker from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Cowen restated a “hold” rating and set a $52.00 price target on shares of Foot Locker in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.26.

Foot Locker (FL) opened at $43.31 on Wednesday. Foot Locker has a 52 week low of $28.42 and a 52 week high of $79.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.39 and a quick ratio of 2.08. The company has a market cap of $5,370.35, a P/E ratio of 10.26, a P/E/G ratio of 2.13 and a beta of 0.81.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business posted $1.13 EPS. The company’s revenue was down .8% on a year-over-year basis. analysts forecast that Foot Locker will post 4.06 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in Foot Locker by 50.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after purchasing an additional 714 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in Foot Locker by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after purchasing an additional 348 shares during the last quarter. Smithfield Trust Co. lifted its holdings in Foot Locker by 276.2% during the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after purchasing an additional 2,348 shares during the last quarter. Assetmark Inc. lifted its holdings in Foot Locker by 205.0% during the 3rd quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after purchasing an additional 2,577 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Foot Locker by 49.6% during the 2nd quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock valued at $194,000 after purchasing an additional 1,305 shares during the last quarter. Institutional investors and hedge funds own 88.22% of the company’s stock.

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Foot Locker Company Profile

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

Analyst Recommendations for Foot Locker (NYSE:FL)

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