Foot Locker, Inc. (FL) Downgraded by BidaskClub
Foot Locker, Inc. (NYSE:FL) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.
A number of other analysts also recently issued reports on the company. Deutsche Bank AG set a $72.00 price target on Foot Locker and gave the company a “buy” rating in a research report on Monday, July 17th. Zacks Investment Research cut Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Oppenheimer Holdings, Inc. assumed coverage on Foot Locker in a report on Friday, July 7th. They set a “market perform” rating on the stock. TheStreet cut Foot Locker from a “b-” rating to a “c+” rating in a report on Friday, June 30th. Finally, Barclays PLC reissued an “overweight” rating and set a $80.00 price objective on shares of Foot Locker in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $74.79.
Foot Locker (NYSE FL) traded up 1.80% on Tuesday, hitting $45.86. The stock had a trading volume of 2,509,460 shares. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 9.41 and a beta of 0.70. The company has a 50-day moving average price of $50.38 and a 200-day moving average price of $66.21. Foot Locker has a 1-year low of $44.59 and a 1-year high of $79.43.
In related news, Director Jarobin Gilbert, Jr. sold 5,600 shares of Foot Locker stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.40, for a total transaction of $332,640.00. Following the sale, the director now directly owns 8,964 shares in the company, valued at $532,461.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.73% of the company’s stock.
Several large investors have recently added to or reduced their stakes in FL. YorkBridge Wealth Partners LLC raised its stake in Foot Locker by 18.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer’s stock valued at $104,000 after buying an additional 213 shares in the last quarter. Acrospire Investment Management LLC raised its stake in Foot Locker by 50.0% in the first quarter. Acrospire Investment Management LLC now owns 1,500 shares of the athletic footwear retailer’s stock valued at $112,000 after buying an additional 500 shares in the last quarter. Van ECK Associates Corp raised its stake in Foot Locker by 5.6% in the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock valued at $153,000 after buying an additional 109 shares in the last quarter. Pacer Advisors Inc. raised its stake in Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock valued at $197,000 after buying an additional 88 shares in the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new stake in Foot Locker during the first quarter valued at $204,000. Institutional investors own 93.57% of the company’s stock.
Foot Locker Company Profile
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.
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