Foot Locker (NYSE: FL) recently received a number of ratings updates from brokerages and research firms:

  • 8/10/2017 – Foot Locker was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Foot Locker, which has underperformed the industry in the past three months, has been witnessing a downtrend in estimates. This is due to dismal first quarter performance and a not so encouraging outlook for the second quarter and fiscal 2017. Delay in tax refunds broke the positive earnings surprise streak of Foot Locker, as earnings missed the estimate in the first quarter. We further noticed that total sales and comps grew marginally in the first quarter of fiscal 2017, which is in sharp contrast to the company’s performance in fiscal 2016. Nevertheless, management is working on all aspects to attain mid-single digit earnings per share growth in fiscal 2017 backed by effective implementation of operational and financial initiatives. We believe that continuous exploitation of opportunities such as children’s business, shop-in-shop expansion, store banner.com business, store refurbishment and enhancement of assortments, bode well.”
  • 8/8/2017 – Foot Locker was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $65.00 price target on the stock, down previously from $70.00.
  • 8/5/2017 – Foot Locker was given a new $80.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 8/3/2017 – Foot Locker had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $80.00 price target on the stock.
  • 8/1/2017 – Foot Locker had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $52.00 price target on the stock, down previously from $66.00.
  • 7/31/2017 – Foot Locker was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/28/2017 – Foot Locker had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $52.00 price target on the stock.
  • 7/25/2017 – Foot Locker was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/17/2017 – Foot Locker was given a new $72.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 7/7/2017 – Foot Locker is now covered by analysts at Oppenheimer Holdings, Inc.. They set a “market perform” rating on the stock.
  • 7/7/2017 – Foot Locker was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Foot Locker, which has underperformed the industry in the past three months, has been witnessing a downtrend in estimates. This is due to dismal first quarter performance and a not so encouraging outlook for the second quarter and fiscal 2017. Delay in tax refunds broke the positive earnings surprise streak of Foot Locker, as earnings missed the estimate in the first quarter. We further noticed that total sales and comps grew marginally in the first quarter of fiscal 2017, which is in sharp contrast to the company’s performance in fiscal 2016. Nevertheless, management is working on all aspects to attain mid-single digit earnings per share growth in fiscal 2017 backed by effective implementation of operational and financial initiatives. We believe that continuous exploitation of opportunities such as children’s business, shop-in-shop expansion, store banner.com business, store refurbishment and enhancement of assortments, bode well.”
  • 7/5/2017 – Foot Locker was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/30/2017 – Foot Locker was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 6/22/2017 – Foot Locker had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $80.00 price target on the stock.
  • 6/20/2017 – Foot Locker was given a new $80.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 6/18/2017 – Foot Locker had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc.
  • 6/13/2017 – Foot Locker was downgraded by analysts at Argus from a “buy” rating to a “hold” rating. They now have a $54.85 price target on the stock.
  • 6/12/2017 – Foot Locker is now covered by analysts at Standpoint Research. They set a “buy” rating and a $66.00 price target on the stock.

Shares of Foot Locker, Inc. (FL) traded down 1.43% during mid-day trading on Thursday, hitting $49.09. The company’s stock had a trading volume of 3,072,731 shares. The stock’s 50 day moving average price is $48.26 and its 200 day moving average price is $64.34. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 10.07 and a beta of 0.68. Foot Locker, Inc. has a 52-week low of $44.59 and a 52-week high of $79.43. Foot Locker also was the target of some unusual options trading on Tuesday. Stock investors bought 11,770 put options on the stock. This represents an increase of 447% compared to the average volume of 2,150 put options.

The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were paid a $0.31 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.53%. Foot Locker’s dividend payout ratio (DPR) is currently 25.36%.

In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $59.40, for a total value of $332,640.00. Following the transaction, the director now directly owns 8,964 shares in the company, valued at approximately $532,461.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.90% of the company’s stock.

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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