Susquehanna Bancshares reissued their buy rating on shares of Foot Locker (NYSE:FL) in a research note published on Monday morning, TipRanks reports. The firm currently has a $35.00 target price on the athletic footwear retailer’s stock.

Other analysts have also issued research reports about the stock. Guggenheim reduced their price target on shares of Foot Locker from $40.00 to $35.00 and set a buy rating on the stock in a research report on Tuesday, May 26th. ValuEngine raised shares of Foot Locker from a sell rating to a hold rating in a research report on Tuesday, May 19th. Raymond James reduced their price target on shares of Foot Locker from $50.00 to $30.00 and set an outperform rating on the stock in a research report on Friday, May 8th. Cfra lowered shares of Foot Locker from a hold rating to a sell rating and reduced their price target for the company from $36.00 to $20.00 in a research report on Friday, May 22nd. Finally, UBS Group lifted their price target on shares of Foot Locker from $28.00 to $29.00 and gave the company a neutral rating in a research report on Thursday, May 28th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $33.45.

Shares of FL opened at $30.15 on Monday. Foot Locker has a 12 month low of $17.46 and a 12 month high of $47.86. The stock has a fifty day moving average price of $28.89 and a 200-day moving average price of $29.13. The company has a current ratio of 1.67, a quick ratio of 0.78 and a debt-to-equity ratio of 1.17. The firm has a market cap of $3.05 billion, a PE ratio of 14.22, a P/E/G ratio of 3.37 and a beta of 1.34.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, May 22nd. The athletic footwear retailer reported ($0.67) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.50). Foot Locker had a net margin of 3.21% and a return on equity of 12.13%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company posted $1.53 EPS. The business’s revenue for the quarter was down 43.4% on a year-over-year basis. As a group, research analysts forecast that Foot Locker will post 0.79 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in shares of Foot Locker by 50.5% in the first quarter. Alliancebernstein L.P. now owns 2,766,738 shares of the athletic footwear retailer’s stock valued at $61,007,000 after purchasing an additional 927,890 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Foot Locker by 589.9% during the 1st quarter. Victory Capital Management Inc. now owns 644,874 shares of the athletic footwear retailer’s stock valued at $14,219,000 after purchasing an additional 551,406 shares in the last quarter. Towle & Co. acquired a new stake in Foot Locker during the 1st quarter valued at $11,173,000. APG Asset Management N.V. grew its holdings in Foot Locker by 20.6% during the 1st quarter. APG Asset Management N.V. now owns 1,884,800 shares of the athletic footwear retailer’s stock valued at $101,722,000 after purchasing an additional 322,000 shares in the last quarter. Finally, FMR LLC grew its holdings in Foot Locker by 21.5% during the 2nd quarter. FMR LLC now owns 1,770,359 shares of the athletic footwear retailer’s stock valued at $51,623,000 after purchasing an additional 313,697 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

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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