Foot Locker (NYSE:FL – Get Rating)‘s stock had its “neutral” rating restated by research analysts at Wedbush in a note issued to investors on Tuesday, Benzinga reports. They presently have a $40.00 price objective on the athletic footwear retailer’s stock. Wedbush’s price target points to a potential downside of 2.53% from the stock’s current price.
FL has been the subject of a number of other reports. JPMorgan Chase & Co. raised their price target on shares of Foot Locker from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, January 26th. TheStreet upgraded shares of Foot Locker from a “c” rating to a “b-” rating in a report on Monday, November 21st. BTIG Research began coverage on shares of Foot Locker in a report on Monday, February 6th. They issued a “buy” rating and a $55.00 price target for the company. Seaport Res Ptn reiterated a “neutral” rating on shares of Foot Locker in a report on Tuesday. Finally, Morgan Stanley reduced their price objective 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. Eighteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Foot Locker presently has an average rating of “Hold” and an average price target of $40.74.
Foot Locker Trading Up 0.2 %
FL opened at $41.04 on Tuesday. Foot Locker has a twelve month low of $23.85 and a twelve month high of $47.22. The company has a quick ratio of 0.43, a current ratio of 1.54 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average of $42.35 and a 200-day moving average of $37.59. The stock has a market cap of $3.83 billion, a PE ratio of 9.35 and a beta of 1.25.
Institutional Investors Weigh In On Foot Locker
Several hedge funds and other institutional investors have recently made changes to their positions in FL. BlackRock Inc. raised its holdings in shares of Foot Locker by 5.0% in the first quarter. BlackRock Inc. now owns 8,129,401 shares of the athletic footwear retailer’s stock worth $241,118,000 after acquiring an additional 386,775 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Foot Locker by 10.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,526,631 shares of the athletic footwear retailer’s stock valued at $208,848,000 after acquiring an additional 500,213 shares during the period. LSV Asset Management grew its position in Foot Locker by 1.6% during the third quarter. LSV Asset Management now owns 4,492,965 shares of the athletic footwear retailer’s stock valued at $139,866,000 after acquiring an additional 70,700 shares during the period. State Street Corp grew its position in Foot Locker by 9.4% during the second quarter. State Street Corp now owns 2,895,754 shares of the athletic footwear retailer’s stock valued at $73,118,000 after acquiring an additional 248,611 shares during the period. Finally, Morgan Stanley grew its position in Foot Locker by 2.3% during the fourth quarter. Morgan Stanley now owns 1,667,471 shares of the athletic footwear retailer’s stock valued at $63,014,000 after acquiring an additional 37,936 shares during the period. Institutional investors and hedge funds own 95.06% of the company’s stock.
Foot Locker Company Profile
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.
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