Foot Locker (NYSE:FL) PT Lowered to $36.00

Foot Locker (NYSE:FL – Get Rating) had its target price reduced by equities research analysts at Bank of America from $45.00 to $36.00 in a research note issued to investors on Sunday, The Fly reports. Bank of America‘s price target suggests a potential upside of 30.29% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. UBS Group downgraded shares of Foot Locker from a “neutral” rating to a “sell” rating in a research report on Wednesday, March 29th. JPMorgan Chase & Co. dropped their price target on shares of Foot Locker from $48.00 to $38.00 in a research note on Sunday. Citigroup dropped their price target on shares of Foot Locker from $50.00 to $48.00 in a research note on Friday, May 12th. StockNews.com cut shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $62.00 price target on shares of Foot Locker in a research note on Tuesday, March 21st. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $38.80.

Foot Locker Trading Down 8.5 %

NYSE:FL opened at $27.63 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.55 and a debt-to-equity ratio of 0.14. Foot Locker has a 12 month low of $23.85 and a 12 month high of $47.22. The company has a market cap of $2.58 billion, a PE ratio of 10.71 and a beta of 1.23. The company has a 50 day simple moving average of $40.05 and a two-hundred day simple moving average of $39.61.

Foot Locker (NYSE:FL – Get Rating) last posted its earnings results on Friday, May 19th. The athletic footwear retailer reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). Foot Locker had a return on equity of 14.57% and a net margin of 3.91%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the firm posted $1.60 EPS. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. Research analysts forecast that Foot Locker will post 2.13 earnings per share for the current year.

Institutional Trading of Foot Locker

A number of large investors have recently made changes to their positions in FL. Belpointe Asset Management LLC bought a new position in Foot Locker during the 4th quarter valued at about $39,000. Advisors Asset Management Inc. grew its holdings in Foot Locker by 68.3% during the 1st quarter. Advisors Asset Management Inc. now owns 1,336 shares of the athletic footwear retailer’s stock valued at $40,000 after purchasing an additional 542 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Foot Locker by 73.9% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,337 shares of the athletic footwear retailer’s stock valued at $53,000 after purchasing an additional 568 shares during the last quarter. Sunbelt Securities Inc. bought a new position in Foot Locker during the 1st quarter valued at about $56,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Foot Locker in the 1st quarter valued at about $66,000. 95.06% of the stock is currently owned by institutional investors.

Foot Locker Company Profile

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Foot Locker, Inc engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific.