Foot Locker (NYSE:FL) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Foot Locker (NYSE:FL – Get Rating) in a report released on Thursday. The firm set a “hold” rating on the athletic footwear retailer’s stock.

Several other research firms have also issued reports on FL. Morgan Stanley lowered their target price on shares of Foot Locker from $36.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, November 22nd. UBS Group raised their target price on shares of Foot Locker to $39.00 in a report on Monday, November 28th. Barclays raised their target price on shares of Foot Locker from $38.00 to $40.00 in a report on Monday, November 21st. Cowen raised their target price on shares of Foot Locker from $35.00 to $39.00 in a report on Monday, November 21st. Finally, Citigroup raised their target price on shares of Foot Locker from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, November 21st. Eighteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Foot Locker has a consensus rating of “Hold” and a consensus price target of $40.74.

Foot Locker Price Performance

Foot Locker stock opened at $41.04 on Thursday. The firm has a 50-day moving average price of $42.35 and a 200-day moving average price of $37.59. The firm has a market capitalization of $3.83 billion, a PE ratio of 9.35 and a beta of 1.25. The company has a current ratio of 1.54, a quick ratio of 0.43 and a debt-to-equity ratio of 0.14. Foot Locker has a 12-month low of $23.85 and a 12-month high of $47.22.

Insider Activity

In other news, SVP Todd Greener sold 2,500 shares of Foot Locker stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $37.63, for a total value of $94,075.00. Following the transaction, the senior vice president now owns 5,921 shares of the company’s stock, valued at approximately $222,807.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Todd Greener sold 2,500 shares of Foot Locker stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $37.63, for a total value of $94,075.00. Following the transaction, the senior vice president now owns 5,921 shares of the company’s stock, valued at approximately $222,807.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John A. Maurer sold 3,500 shares of Foot Locker stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $42.01, for a total transaction of $147,035.00. Following the completion of the transaction, the vice president now directly owns 23,221 shares in the company, valued at approximately $975,514.21. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. purchased a new stake in Foot Locker during the 1st quarter worth approximately $611,000. HighTower Advisors LLC grew its position in Foot Locker by 4.9% during the 1st quarter. HighTower Advisors LLC now owns 14,934 shares of the athletic footwear retailer’s stock worth $443,000 after purchasing an additional 704 shares during the last quarter. AlphaCrest Capital Management LLC grew its position in Foot Locker by 19.4% during the 1st quarter. AlphaCrest Capital Management LLC now owns 13,103 shares of the athletic footwear retailer’s stock worth $389,000 after purchasing an additional 2,125 shares during the last quarter. MetLife Investment Management LLC grew its position in Foot Locker by 29.0% during the 1st quarter. MetLife Investment Management LLC now owns 56,469 shares of the athletic footwear retailer’s stock worth $1,675,000 after purchasing an additional 12,703 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Foot Locker by 6.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,002 shares of the athletic footwear retailer’s stock worth $949,000 after purchasing an additional 2,059 shares during the last quarter. Hedge funds and other institutional investors own 95.06% of the company’s stock.

Foot Locker Company Profile

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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.