Analysts Set Foot Locker, Inc. (NYSE:FL) Price Target at $25.18

Shares of Foot Locker, Inc. (NYSE:FL - Get Free Report) have earned an average rating of "Hold" from the seventeen brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $25.18.

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lowered their price objective on shares of Foot Locker from $27.00 to $22.00 and set a "hold" rating for the company in a research report on Wednesday, December 4th. Needham & Company LLC reissued a "buy" rating and issued a $25.00 price objective on shares of Foot Locker in a research note on Wednesday, December 18th. Gordon Haskett started coverage on Foot Locker in a research report on Monday, October 7th. They set an "accumulate" rating and a $27.00 target price for the company. Guggenheim cut their price target on Foot Locker from $34.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group decreased their price objective on Foot Locker from $25.00 to $22.00 and set a "sell" rating for the company in a report on Thursday, December 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP purchased a new position in Foot Locker during the second quarter worth about $31,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Foot Locker by 156.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer's stock worth $40,000 after buying an additional 985 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Foot Locker during the 3rd quarter valued at approximately $47,000. Wilmington Savings Fund Society FSB acquired a new position in Foot Locker in the third quarter valued at approximately $58,000. Finally, R Squared Ltd acquired a new stake in Foot Locker during the fourth quarter worth $50,000.

Foot Locker Trading Up 1.4 %

Shares of NYSE:FL traded up $0.30 during trading on Thursday, reaching $21.14. The company's stock had a trading volume of 1,222,254 shares, compared to its average volume of 2,878,948. The firm's 50 day simple moving average is $22.19 and its two-hundred day simple moving average is $25.07. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. Foot Locker has a 12 month low of $19.33 and a 12 month high of $35.60. The stock has a market capitalization of $2.01 billion, a PE ratio of -4.68, a price-to-earnings-growth ratio of 0.81 and a beta of 1.49.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. On average, research analysts predict that Foot Locker will post 1.23 EPS for the current fiscal year.

Foot Locker Company Profile

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.