Deutsche Bank Aktiengesellschaft Increases Foot Locker (NYSE:FL) Price Target to $32.00

Foot Locker (NYSE:FLGet Rating) had its price target lifted by stock analysts at Deutsche Bank Aktiengesellschaft from $30.00 to $32.00 in a research note issued to investors on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 1.46% from the stock’s current price.

A number of other research firms also recently issued reports on FL. Williams Capital upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Friday, February 25th. Barclays cut shares of Foot Locker from an “overweight” rating to an “underweight” rating and cut their price target for the stock from $58.00 to $24.00 in a research report on Tuesday, March 1st. Cowen cut Foot Locker from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $42.00 to $34.00 in a report on Monday, March 28th. Seaport Res Ptn cut Foot Locker from a “buy” rating to a “neutral” rating in a research report on Sunday, February 27th. Finally, Zacks Investment Research raised Foot Locker from a “sell” rating to a “hold” rating and set a $32.00 price target on the stock in a research report on Tuesday, May 17th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.11.

Shares of NYSE:FL opened at $31.54 on Monday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 3.68, a PEG ratio of 0.21 and a beta of 1.28. Foot Locker has a 12 month low of $26.36 and a 12 month high of $64.80. The company’s fifty day simple moving average is $30.09 and its 200 day simple moving average is $38.67. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.14.

Foot Locker (NYSE:FLGet Rating) last issued its quarterly earnings results on Friday, May 20th. The athletic footwear retailer reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.05. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. Foot Locker had a return on equity of 25.11% and a net margin of 9.97%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 earnings per share. Research analysts expect that Foot Locker will post 4.44 earnings per share for the current fiscal year.

In other news, VP John A. Maurer sold 3,650 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $31.00, for a total value of $113,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of FL. Meeder Asset Management Inc. bought a new stake in shares of Foot Locker during the 1st quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Foot Locker by 173.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 849 shares of the athletic footwear retailer’s stock valued at $25,000 after acquiring an additional 539 shares in the last quarter. Oakworth Capital Inc. bought a new stake in Foot Locker during the 4th quarter worth $27,000. Advisors Asset Management Inc. increased its holdings in Foot Locker by 124.9% in the 4th quarter. Advisors Asset Management Inc. now owns 794 shares of the athletic footwear retailer’s stock worth $35,000 after purchasing an additional 441 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in Foot Locker in the fourth quarter valued at about $54,000. Institutional investors own 83.43% of the company’s stock.

Foot Locker Company Profile (Get Rating)

Foot Locker, Inc, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.

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