Foot Locker (NYSE:FL – Get Rating) had its price target lowered by research analysts at Citigroup from $50.00 to $48.00 in a research note issued to investors on Friday, The Fly reports. Citigroup’s price objective would suggest a potential upside of 22.36% from the company’s current price.
Several other research analysts also recently issued reports on FL. Barclays cut their price objective on Foot Locker from $43.00 to $42.00 in a research report on Tuesday, May 2nd. Seaport Res Ptn reiterated a “neutral” rating on shares of Foot Locker in a report on Tuesday, March 14th. StockNews.com downgraded Foot Locker from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Deutsche Bank Aktiengesellschaft boosted their price target on Foot Locker from $36.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, March 21st. Finally, Telsey Advisory Group upgraded Foot Locker from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $39.00 to $50.00 in a report on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.15.
Foot Locker Price Performance
Shares of NYSE:FL opened at $39.23 on Friday. The business’s 50 day simple moving average is $40.81 and its 200-day simple moving average is $39.33. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 10.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.55. Foot Locker has a 12 month low of $23.85 and a 12 month high of $47.22.
Hedge Funds Weigh In On Foot Locker
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Veritable L.P. boosted its position in Foot Locker by 9.5% in the 1st quarter. Veritable L.P. now owns 6,257 shares of the athletic footwear retailer’s stock valued at $248,000 after buying an additional 541 shares during the last quarter. Stifel Financial Corp purchased a new position in Foot Locker in the 1st quarter valued at about $432,000. Perritt Capital Management Inc. boosted its position in Foot Locker by 2.3% in the 1st quarter. Perritt Capital Management Inc. now owns 13,212 shares of the athletic footwear retailer’s stock valued at $524,000 after buying an additional 300 shares during the last quarter. Bank of America Corp DE boosted its position in Foot Locker by 72.5% in the 1st quarter. Bank of America Corp DE now owns 372,612 shares of the athletic footwear retailer’s stock valued at $14,789,000 after buying an additional 156,662 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its position in Foot Locker by 1.4% in the 1st quarter. Brandywine Global Investment Management LLC now owns 248,425 shares of the athletic footwear retailer’s stock valued at $9,860,000 after buying an additional 3,453 shares during the last quarter. 95.06% of the stock is owned by hedge funds and other institutional investors.
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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