Foot Locker (FL) Upgraded at Buckingham Research

Foot Locker (NYSE:FL) was upgraded by research analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a research note issued on Friday.

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird reaffirmed a “hold” rating and set a $52.00 price objective on shares of Foot Locker in a report on Wednesday. Zacks Investment Research raised Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Tuesday, December 26th. Citigroup reaffirmed a “buy” rating and set a $54.00 price objective on shares of Foot Locker in a report on Tuesday, December 19th. Canaccord Genuity raised Foot Locker from a “hold” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $64.00 in a report on Friday, December 15th. Finally, Standpoint Research downgraded Foot Locker from a “buy” rating to a “hold” rating and set a $66.00 price objective on the stock. in a report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.12.

Foot Locker (FL) opened at $46.31 on Friday. Foot Locker has a 12 month low of $28.42 and a 12 month high of $77.86. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. The stock has a market capitalization of $5,802.08, a PE ratio of 11.64, a P/E/G ratio of 2.35 and a beta of 0.82.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted $1.13 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. equities analysts anticipate that Foot Locker will post 4.08 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in FL. D.A. Davidson & CO. boosted its holdings in shares of Foot Locker by 50.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock worth $105,000 after acquiring an additional 714 shares in the last quarter. Smithfield Trust Co. raised its position in Foot Locker by 276.2% in the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock worth $113,000 after purchasing an additional 2,348 shares during the last quarter. Assetmark Inc. raised its position in Foot Locker by 205.0% in the 3rd quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock worth $135,000 after purchasing an additional 2,577 shares during the last quarter. Exane Derivatives raised its position in Foot Locker by 110,475.0% in the 3rd quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock worth $156,000 after purchasing an additional 4,419 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Foot Locker by 49.6% in the 2nd quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock worth $194,000 after purchasing an additional 1,305 shares during the last quarter. 89.85% of the stock is currently owned by institutional investors and hedge funds.

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About Foot Locker

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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