Deutsche Bank AG upgraded shares of Foot Locker, Inc. (NYSE:FL) from a hold rating to a buy rating in a research note released on Friday morning. Deutsche Bank AG currently has $45.00 price target on the athletic footwear retailer’s stock.
Several other equities research analysts also recently weighed in on FL. BidaskClub downgraded Foot Locker from a sell rating to a strong sell rating in a report on Tuesday, July 25th. Cowen and Company reissued a hold rating and set a $52.00 price objective on shares of Foot Locker in a report on Friday, July 28th. Credit Suisse Group reissued a neutral rating and set a $52.00 price objective (down previously from $66.00) on shares of Foot Locker in a report on Tuesday, August 1st. Jefferies Group LLC reissued a buy rating and set a $80.00 price objective on shares of Foot Locker in a report on Thursday, August 3rd. Finally, Barclays PLC set a $80.00 price objective on Foot Locker and gave the company a buy rating in a report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $57.67.
Shares of Foot Locker (NYSE:FL) traded up $8.97 on Friday, hitting $40.82. The stock had a trading volume of 30,431,269 shares, compared to its average volume of 3,430,948. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.88 and a current ratio of 5.63. Foot Locker has a one year low of $28.42 and a one year high of $79.43. The company has a market cap of $3,950.00, a price-to-earnings ratio of 6.70, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the business posted $1.13 EPS. Foot Locker’s revenue for the quarter was down .8% on a year-over-year basis. equities analysts expect that Foot Locker will post 3.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s payout ratio is 28.64%.
A number of institutional investors have recently modified their holdings of the stock. Afam Capital Inc. increased its position in Foot Locker by 73.4% in the 3rd quarter. Afam Capital Inc. now owns 34,033 shares of the athletic footwear retailer’s stock valued at $1,199,000 after buying an additional 14,409 shares in the last quarter. Highlander Capital Management LLC bought a new stake in Foot Locker in the 3rd quarter valued at about $352,000. Cubist Systematic Strategies LLC increased its position in Foot Locker by 8.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 51,637 shares of the athletic footwear retailer’s stock valued at $1,819,000 after buying an additional 3,981 shares in the last quarter. U S Global Investors Inc. bought a new stake in Foot Locker in the 3rd quarter valued at about $321,000. Finally, Vident Investment Advisory LLC increased its position in Foot Locker by 95.6% in the 3rd quarter. Vident Investment Advisory LLC now owns 69,782 shares of the athletic footwear retailer’s stock valued at $2,457,000 after buying an additional 34,103 shares in the last quarter. 95.20% of the stock is owned by institutional investors and hedge funds.
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.
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