Foot Locker, Inc. (FL) PT Set at $35.00 by Piper Jaffray Companies

Foot Locker, Inc. (NYSE:FL) received a $35.00 target price from stock analysts at Piper Jaffray Companies in a research report issued on Tuesday. The firm currently has a “hold” rating on the athletic footwear retailer’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 12.18% from the company’s current price.

A number of other brokerages have also issued reports on FL. Zacks Investment Research upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. FBR & Co restated a “neutral” rating and set a $58.00 price target on shares of Foot Locker in a report on Tuesday, August 15th. BidaskClub upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Barclays PLC set a $80.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a report on Saturday, August 5th. Finally, Deutsche Bank AG set a $72.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $58.80.

Foot Locker (NYSE:FL) opened at $31.20 on Tuesday. The stock has a market cap of $3,675.29, a P/E ratio of 6.62, a P/E/G ratio of 2.07 and a beta of 0.66. Foot Locker has a fifty-two week low of $28.42 and a fifty-two week high of $79.43. The company has a quick ratio of 2.88, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.28). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.80 billion. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 EPS. equities analysts expect that Foot Locker will post 3.94 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC boosted its holdings in Foot Locker by 1,291.0% during the 2nd quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock worth $10,053,000 after acquiring an additional 189,326 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Foot Locker by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock worth $47,882,000 after acquiring an additional 91,716 shares during the last quarter. Tobam boosted its holdings in Foot Locker by 47.1% during the 2nd quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock worth $21,114,000 after acquiring an additional 137,206 shares during the last quarter. Bridgewater Associates LP boosted its holdings in Foot Locker by 158.1% during the 2nd quarter. Bridgewater Associates LP now owns 228,939 shares of the athletic footwear retailer’s stock worth $11,282,000 after acquiring an additional 140,253 shares during the last quarter. Finally, Sentry Investment Management LLC boosted its holdings in Foot Locker by 131.7% during the 2nd quarter. Sentry Investment Management LLC now owns 10,579 shares of the athletic footwear retailer’s stock worth $521,000 after acquiring an additional 6,014 shares during the last quarter. 95.20% of the stock is currently owned by hedge funds and other institutional investors.

About Foot Locker

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company 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.

Analyst Recommendations for Foot Locker (NYSE:FL)

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