Foot Locker PT Lowered to $39.00 (FL)
A number of other firms have also recently commented on FL. Analysts at RBC Capital cut their price target on shares of Foot Locker from $41.00 to $39.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Foot Locker in a research note to investors on Monday. They now have a $45.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Foot Locker in a research note to investors on Friday. They now have a $43.00 price target on the stock.
Eleven research analysts have rated the stock with a buy rating, one has issued an overweight rating, and two have assigned a hold rating to the company. The stock presently has an average rating of “buy” and an average target price of $41.31.
Foot Locker traded down 1.07% on Monday, hitting $32.44. Foot Locker has a 52-week low of $27.86 and a 52-week high of $37.65. The stock’s 50-day moving average is currently $34.15. The company has a market cap of $4.970 billion and a price-to-earnings ratio of 12.72.
Foot Locker last issued its quarterly earnings data on Friday, March 8th. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.73. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the company posted $0.55 earnings per share. Foot Locker’s revenue was up 14.0% compared to the same quarter last year. Analysts expect that Foot Locker will post $2.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 3rd. Investors of record on Friday, April 19th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Wednesday, April 17th. This is an increase from Foot Locker’s previous quarterly dividend of $0.18.
Foot Locker, Inc. is a global retailer of athletic shoes and apparel, operating 3,369 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of January 28, 2012.
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