Foot Locker (NYSE:FL) Price Target Lowered to $29.00 at Barclays

Foot Locker (NYSE:FL) had its price target trimmed by Barclays from $34.00 to $29.00 in a report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the athletic footwear retailer’s stock.

A number of other equities research analysts have also issued reports on the stock. Guggenheim dropped their price objective on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a report on Thursday. Jefferies Financial Group dropped their target price on shares of Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Evercore ISI lowered their target price on Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a report on Tuesday, November 26th. Citigroup increased their price target on shares of Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $27.00 price objective on shares of Foot Locker in a report on Wednesday, December 4th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.29.

Foot Locker Stock Performance

FL opened at $22.00 on Friday. The company has a market cap of $2.09 billion, a price-to-earnings ratio of -4.88, a PEG ratio of 0.77 and a beta of 1.46. Foot Locker has a 52-week low of $19.33 and a 52-week high of $35.60. The firm’s fifty day simple moving average is $23.87 and its two-hundred day simple moving average is $25.85. The company has a quick ratio of 0.49, a current ratio of 1.67 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the business posted $0.30 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts anticipate that Foot Locker will post 1.23 earnings per share for the current fiscal year.

Institutional Trading of Foot Locker

Several institutional investors have recently modified their holdings of FL. Wilmington Savings Fund Society FSB acquired a new position in shares of Foot Locker in the 3rd quarter valued at $58,000. Virtu Financial LLC acquired a new position in shares of Foot Locker in the 3rd quarter valued at $701,000. Neo Ivy Capital Management acquired a new position in shares of Foot Locker in the 3rd quarter valued at $2,636,000. Geode Capital Management LLC boosted its stake in Foot Locker by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after purchasing an additional 25,394 shares during the period. Finally, MML Investors Services LLC acquired a new stake in Foot Locker during the 3rd quarter worth $283,000.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.