ValuEngine upgraded shares of Foot Locker (NYSE:FL) from a hold rating to a buy rating in a research note published on Friday.

Several other equities research analysts also recently issued reports on the company. Canaccord Genuity set a $42.00 price objective on Foot Locker and gave the stock a hold rating in a report on Tuesday, November 21st. Buckingham Research lifted their price objective on Foot Locker from $29.00 to $44.00 and gave the stock a neutral rating in a report on Monday, November 20th. Susquehanna Bancshares lifted their target price on Foot Locker from $37.00 to $50.00 and gave the stock a positive rating in a research report on Monday, November 20th. Telsey Advisory Group lifted their target price on Foot Locker from $34.00 to $44.00 and gave the stock a market perform rating in a research report on Monday, November 20th. Finally, Wells Fargo & Company set a $42.00 target price on Foot Locker and gave the stock a hold rating in a research report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $53.26.

Foot Locker (FL) traded up $0.47 during mid-day trading on Friday, reaching $43.31. The company’s stock had a trading volume of 5,990,000 shares, compared to its average volume of 5,510,000. The company has a quick ratio of 2.08, a current ratio of 4.39 and a debt-to-equity ratio of 0.05. Foot Locker has a 52 week low of $28.42 and a 52 week high of $79.43. The stock has a market cap of $5,370.00, a P/E ratio of 10.15, a PEG ratio of 2.11 and a beta of 0.66.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $1.13 EPS. Foot Locker’s revenue for the quarter was down .8% compared to the same quarter last year. equities research analysts anticipate that Foot Locker will post 4.06 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, January 18th. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. Foot Locker’s dividend payout ratio is currently 31.23%.

Large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. boosted its position in Foot Locker by 50.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after purchasing an additional 714 shares during the period. Smithfield Trust Co. boosted its position in Foot Locker by 276.2% during the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after purchasing an additional 2,348 shares during the period. Assetmark Inc. boosted its position in Foot Locker by 205.0% during the 3rd quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after purchasing an additional 2,577 shares during the period. Penserra Capital Management LLC boosted its position in Foot Locker by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after purchasing an additional 348 shares during the period. Finally, Exane Derivatives boosted its position in Foot Locker by 110,475.0% during the 3rd quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock valued at $156,000 after purchasing an additional 4,419 shares during the period. Institutional investors and hedge funds own 88.22% of the company’s stock.

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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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