Shares of Foot Locker, Inc. (NYSE:FL) have been assigned a consensus rating of “Buy” from the twenty-seven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $56.33.

Several brokerages recently issued reports on FL. TheStreet upgraded Foot Locker from a “c+” rating to a “b-” rating in a research note on Monday, June 18th. Wells Fargo & Co upgraded Foot Locker from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $50.00 to $58.00 in a research note on Monday, September 10th. B. Riley raised their price objective on Foot Locker to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 29th. UBS Group began coverage on Foot Locker in a research note on Thursday, June 21st. They set a “neutral” rating and a $59.00 price objective on the stock. Finally, Canaccord Genuity set a $66.00 price objective on Foot Locker and gave the stock a “buy” rating in a research note on Friday, August 17th.

Shares of Foot Locker stock traded down $0.45 on Wednesday, hitting $46.59. 2,633,184 shares of the company’s stock traded hands, compared to its average volume of 4,333,727. The stock has a market cap of $5.65 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 1.63 and a beta of 0.82. The company has a current ratio of 3.50, a quick ratio of 1.76 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 $59.40.

Foot Locker (NYSE:FL) last released its earnings results on Friday, August 24th. The athletic footwear retailer reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.05. Foot Locker had a return on equity of 20.67% and a net margin of 3.88%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the business posted $0.62 EPS. The business’s revenue was up 4.8% on a year-over-year basis. equities analysts predict that Foot Locker will post 4.46 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 2nd. Shareholders of record on Friday, October 19th will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, October 18th. Foot Locker’s payout ratio is 33.58%.

Hedge funds have recently bought and sold shares of the business. Virginia Retirement Systems ET AL acquired a new position in shares of Foot Locker during the first quarter valued at $692,000. Victory Capital Management Inc. increased its holdings in shares of Foot Locker by 5,119.3% during the first quarter. Victory Capital Management Inc. now owns 102,298 shares of the athletic footwear retailer’s stock valued at $4,659,000 after purchasing an additional 100,338 shares during the period. Swiss National Bank increased its holdings in shares of Foot Locker by 2.3% during the first quarter. Swiss National Bank now owns 216,100 shares of the athletic footwear retailer’s stock valued at $9,841,000 after purchasing an additional 4,900 shares during the period. M&T Bank Corp increased its holdings in shares of Foot Locker by 50.2% during the first quarter. M&T Bank Corp now owns 10,573 shares of the athletic footwear retailer’s stock valued at $482,000 after purchasing an additional 3,534 shares during the period. Finally, Quantitative Systematic Strategies LLC increased its holdings in shares of Foot Locker by 41.8% during the first quarter. Quantitative Systematic Strategies LLC now owns 10,245 shares of the athletic footwear retailer’s stock valued at $467,000 after purchasing an additional 3,019 shares during the period. Institutional investors own 95.15% of the company’s stock.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

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Analyst Recommendations for Foot Locker (NYSE:FL)

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