Foot Locker (NYSE:FL) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Foot Locker (NYSE:FL) from a sell rating to a hold rating in a research report report published on Monday.

FL has been the subject of several other research reports. Evercore ISI upgraded shares of Foot Locker from an in-line rating to an outperform rating and upped their price target for the stock from $28.00 to $32.00 in a research report on Monday, March 25th. Telsey Advisory Group restated a market perform rating and set a $28.00 price target (down previously from $38.00) on shares of Foot Locker in a research report on Thursday, March 7th. UBS Group upgraded shares of Foot Locker from a sell rating to a neutral rating and increased their target price for the company from $12.00 to $23.00 in a research report on Monday, March 11th. Guggenheim decreased their target price on shares of Foot Locker from $35.00 to $30.00 and set a buy rating for the company in a research report on Thursday, March 7th. Finally, Bank of America decreased their target price on shares of Foot Locker from $31.00 to $27.00 and set a neutral rating for the company in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $24.94.

Foot Locker Stock Down 0.7 %

Foot Locker stock opened at $21.55 on Monday. The company has a 50-day simple moving average of $26.93 and a 200-day simple moving average of $26.37. The firm has a market capitalization of $2.04 billion, a P/E ratio of -6.16, a P/E/G ratio of 0.52 and a beta of 1.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 1.72. Foot Locker has a one year low of $14.84 and a one year high of $42.79.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.28 billion. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. As a group, equities analysts expect that Foot Locker will post 1.56 earnings per share for the current year.

Hedge Funds Weigh In On Foot Locker

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Foot Locker by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,292,817 shares of the athletic footwear retailer’s stock valued at $178,580,000 after purchasing an additional 902,610 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Foot Locker by 0.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,597,105 shares of the athletic footwear retailer’s stock valued at $45,060,000 after buying an additional 16,953 shares in the last quarter. Barclays PLC boosted its holdings in shares of Foot Locker by 385.6% in the third quarter. Barclays PLC now owns 1,746,876 shares of the athletic footwear retailer’s stock worth $30,307,000 after buying an additional 1,387,154 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Foot Locker by 9.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 954,663 shares of the athletic footwear retailer’s stock worth $29,738,000 after buying an additional 81,684 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Foot Locker by 110.4% in the third quarter. AQR Capital Management LLC now owns 731,256 shares of the athletic footwear retailer’s stock worth $12,687,000 after buying an additional 383,724 shares during the period.

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.