Foot Locker, Inc. (NYSE:FL) Given Consensus Rating of “Hold” by Brokerages

Foot Locker, Inc. (NYSE:FL) has received a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $26.53.

FL has been the subject of several research analyst reports. Barclays raised Foot Locker from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $27.00 to $34.00 in a research note on Thursday, August 29th. Telsey Advisory Group restated a “market perform” rating and set a $27.00 price target on shares of Foot Locker in a report on Wednesday, August 28th. Robert W. Baird dropped their price objective on shares of Foot Locker from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. Evercore ISI increased their target price on shares of Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th. Finally, StockNews.com cut shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, September 20th.

Foot Locker Stock Down 2.8 %

FL stock opened at $24.32 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49. The firm has a market capitalization of $2.31 billion, a P/E ratio of -6.28, a P/E/G ratio of 0.61 and a beta of 1.44. Foot Locker has a 52-week low of $20.08 and a 52-week high of $35.60. The company’s 50 day simple moving average is $24.94 and its 200-day simple moving average is $25.70.

Foot Locker (NYSE:FL) last announced its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. As a group, equities research analysts anticipate that Foot Locker will post 1.5 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Vesa Equity Investment S.A R.L sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $32.90, for a total value of $49,350.00. Following the completion of the sale, the insider now directly owns 11,402,353 shares of the company’s stock, valued at approximately $375,137,413.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 787,566 shares of company stock worth $26,090,866 in the last quarter. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Foot Locker

A number of hedge funds have recently modified their holdings of FL. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Foot Locker in the 1st quarter valued at $3,488,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Foot Locker in the first quarter valued at approximately $2,194,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Foot Locker in the 1st quarter worth approximately $2,670,000. Renaissance Technologies LLC acquired a new position in Foot Locker during the 2nd quarter worth $1,024,000. Finally, Interval Partners LP acquired a new stake in shares of Foot Locker in the 1st quarter valued at $5,700,000.

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.