Canaccord Genuity set a $67.00 target price on Foot Locker (NYSE:FL) in a report published on Friday morning. The brokerage currently has a buy rating on the athletic footwear retailer’s stock.

Several other brokerages have also issued reports on FL. Cowen set a $40.00 target price on Foot Locker and gave the company a hold rating in a research report on Saturday, November 18th. Zacks Investment Research raised Foot Locker from a sell rating to a hold rating in a research report on Monday, October 23rd. Deutsche Bank raised Foot Locker from a hold rating to a buy rating and upped their target price for the company from $38.00 to $45.00 in a research report on Friday, November 17th. Wells Fargo & Co set a $42.00 target price on Foot Locker and gave the company a hold rating in a research report on Monday, November 20th. Finally, Telsey Advisory Group reduced their target price on Foot Locker from $36.00 to $34.00 and set a market perform rating on the stock in a research report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $54.34.

Foot Locker (NYSE:FL) opened at $50.21 on Friday. The company has a market capitalization of $6,085.70, a price-to-earnings ratio of 12.62, a PEG ratio of 2.46 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.09. Foot Locker has a 1 year low of $28.42 and a 1 year high of $77.86.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 EPS. research analysts anticipate that Foot Locker will post 4.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, January 18th. This represents a $1.24 annualized dividend and a yield of 2.47%. Foot Locker’s payout ratio is presently 31.16%.

In other news, Director Matthew M. Mckenna sold 10,899 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total value of $499,392.18. Following the sale, the director now owns 35,000 shares in the company, valued at $1,603,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.73% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of FL. D.A. Davidson & CO. boosted its stake in shares of Foot Locker by 50.3% in the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock worth $105,000 after buying an additional 714 shares during the last quarter. Smithfield Trust Co. boosted its stake in shares of Foot Locker by 276.2% in the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock worth $113,000 after buying an additional 2,348 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Foot Locker by 205.0% in the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock worth $135,000 after buying an additional 2,577 shares during the last quarter. Exane Derivatives boosted its stake in shares of Foot Locker by 110,475.0% in the third quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock worth $156,000 after buying an additional 4,419 shares during the last quarter. Finally, Court Place Advisors LLC purchased a new stake in shares of Foot Locker in the third quarter worth about $218,000. Hedge funds and other institutional investors own 90.27% of the company’s stock.

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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.

Analyst Recommendations for Foot Locker (NYSE:FL)

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