The firm presently has a "hold" rating on the athletic footwear retailer's stock. The company now has a consensus rating of Hold and a consensus target price of $57.67. (NASDAQ:FL), 4 rate it "Buy", 3 "Outperform", 12 "Underperform", 2 "Sell", while 0 "Hold". The firm has "Equal Weight" rating by Morgan Stanley given on Monday, August 24. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the company. Barclays PLC set a $80.00 target price on Foot Locker and gave the stock a buy rating in a report on Saturday, August 5th. The stock is now moving above its 20-Day Simple Moving Average of 1.98% with a 50-Day Simple Moving Average of -5.21 percent. The company has a market capitalization of $3,868.73, a PE ratio of 6.96, a P/E/G ratio of 2.17 and a beta of 0.66. Foot Locker has a 52-week low of $28.42 and a 52-week high of $79.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 2.88.
Foot Locker, Inc. (FL) failed to surprise the stock market in its last reported earnings when it earned $0.62 a piece versus the consensus-estimated $0.9.
Based on data provided from analysts polled by Thomson Reuters, Foot Locker, Inc. has a current consensus target price of 39.89.
Total sales decreased 0.8%, to $1.87 billion, also better than expected. Foot Locker Inc. had 102 analyst reports since July 21, 2015 according to SRatingsIntel. This was down from $1.89 billion previous year.
The company said its earnings dropped to $110 million, or $0.87 per share.
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Foot Locker, Inc. (NYSE:FL) received a Buy rating from 1 analysts.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in Foot Locker by 32.0% in the third quarter.
They expect $0.8 EPS, down 41.25% or $0.33 from last year's $1.13 per share. Finally, Canada Pension Plan Investment Board boosted its position in shares of Foot Locker by 65.3% in the 2nd quarter.
Buckle Inc (BKE) jumped 5.3% or $1.05 to $20.90 after the casual apparel, footwear and accessories retailer reported net sales in the third-quarter ending on October 28 slumped 6.2% from a year ago to $224.3 million.
After a recent spot-check, Foot Locker, Inc. Ls Investment Advisors Llc has 0.02% invested in Foot Locker, Inc. Thrivent Financial For Lutherans now owns 4,890 shares of the athletic footwear retailer's stock worth $366,000 after buying an additional 190 shares in the last quarter.
Many value investors look for stocks with a high percent of insider ownership, under the theory that when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term.
It stands to reason, then, that Foot Locker's relative strength could carry over to its peers and suppliers. There is a seismic shift in athletic retail right now from wholesale to direct (companies like Nike selling through their own channels, including their own stores). The Firm 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.