Foot Locker’s (FL) Market Perform Rating Reiterated at Telsey Advisory Group

Foot Locker (NYSE:FL)‘s stock had its “market perform” rating reissued by equities researchers at Telsey Advisory Group in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $27.00 price target on the athletic footwear retailer’s stock. Telsey Advisory Group’s price target suggests a potential downside of 17.23% from the stock’s previous close.

A number of other brokerages have also issued reports on FL. Morgan Stanley lowered shares of Foot Locker from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $24.00 to $18.00 in a report on Thursday, July 18th. Barclays upped their price target on shares of Foot Locker from $22.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, May 31st. StockNews.com lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Citigroup increased their price objective on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Wedbush reaffirmed a “neutral” rating and set a $25.00 target price on shares of Foot Locker in a report on Wednesday, June 12th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.40.

Foot Locker Stock Up 0.4 %

Shares of NYSE:FL opened at $32.62 on Wednesday. Foot Locker has a 52-week low of $14.84 and a 52-week high of $35.60. The company has a market capitalization of $3.09 billion, a PE ratio of -8.61, a price-to-earnings-growth ratio of 0.79 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.50 and a current ratio of 1.68. The company has a fifty day moving average of $26.60 and a 200-day moving average of $26.02.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Thursday, May 30th. The athletic footwear retailer reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.10. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 4.41%. Foot Locker’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. On average, equities analysts predict that Foot Locker will post 1.52 EPS for the current fiscal year.

Institutional Trading of Foot Locker

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of Foot Locker by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,700,102 shares of the athletic footwear retailer’s stock valued at $117,123,000 after acquiring an additional 71,152 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Foot Locker by 23.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer’s stock valued at $72,279,000 after purchasing an additional 557,489 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Foot Locker by 9.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 954,663 shares of the athletic footwear retailer’s stock worth $29,738,000 after purchasing an additional 81,684 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Foot Locker by 326.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 921,273 shares of the athletic footwear retailer’s stock valued at $26,256,000 after buying an additional 705,237 shares during the period. Finally, Invenomic Capital Management LP increased its position in Foot Locker by 54.3% in the 1st quarter. Invenomic Capital Management LP now owns 752,320 shares of the athletic footwear retailer’s stock valued at $21,441,000 after buying an additional 264,598 shares in the last quarter.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.