Published: Sat, November 18, 2017
Economy | By Melissa Porter

Foot Locker, Inc. (FL) Price Target Cut to $36.00

Foot Locker, Inc. (FL) Price Target Cut to $36.00

64 funds opened positions while 162 raised stakes.

Revenues fell 0.8% from a year ago to $1.87 billion, also beating analysts' view for $1.82 billion. Since Nike confirmed plans to sell a limited product assortment on Amazon's US website, sales of Nike footwear on Amazon have outpaced those at Foot Locker. (NYSE:FL) opened at $29.06, and ended 1.21% higher at $30. Orrstown Fincl holds 0.06% of its portfolio in Foot Locker, Inc. Excluding this charge, which reduced after-tax earnings by 6 cents per share, non-GAAP earnings were 87 cents per share, compared to non-GAAP earnings of $1.13 per share in the comparable period of 2016, a slump of 23.0 percent.

It is common practice for investors to use the price-to-earnings ratio (P/E ratio or price multiple) to determine if a company's stock price is over or undervalued. Aperio Group Limited Com reported 0.04% in Foot Locker, Inc. Great Lakes Advsrs Lc holds 45,824 shares or 0.06% of its portfolio.

Foot Locker (NYSE FL) traded up $0.65 during midday trading on Friday, reaching $31.85. Rdl Financial Incorporated invested 0.73% of its portfolio in Foot Locker, Inc. Freestone Capital Holdings Llc, a Washington-based fund reported 253,888 shares. 115.75 million shares or 1.84% less from 117.92 million shares in 2017Q1 were reported. Finally, Canada Pension Plan Investment Board boosted its holdings in Foot Locker by 65.3% in the second quarter. (NYSE:FL) for 6,396 shares. Hl Services Lc holds 0.02% in Pool Corporation (NASDAQ:POOL) or 9,917 shares.

Since May 24, 2017, it had 0 insider purchases, and 1 sale for $332,640 activity. The company P/S (price to Sales) ratio is 0.49, P/B (price to Book) ratio is 1.36, while its P/C (price to Cash) ratio stands at 3.60.

Heading into the earnings release, covering analysts have a consensus target price of $39.89 on Foot Locker, Inc. shares. The firm's quarterly revenue was down.8% compared to the same quarter a year ago. About 43,735 shares traded. Foot Locker, Inc. (NYSE:FL) has risen 0.29% since November 17, 2016 and is uptrending. It has underperformed by 16.41% the S&P500. ValuEngine cut Foot Locker from a buy rating to a hold rating in a report on Friday, September 1st. Therefore 40% are positive. According to the most recent data, Foot Locker, Inc. has a 52-week high of $79.43 and a 52-week low of $28.42. $60.80's average target is 57.59% above currents $38.58 stock price.

At the moment 21 analysts are watching Foot Locker, Inc. The stock of Foot Locker, Inc. Cowen & Co has "Hold" rating and $33.0 target. Jefferies maintained Foot Locker, Inc. The firm has "Neutral" rating by Buckingham Research given on Tuesday, November 10. ValuEngine raised Foot Locker from a "hold" rating to a "buy" rating in a research note on Monday, October 2nd. The firm has "Neutral" rating by Robert W. Baird given on Monday, August 21. On Friday, August 28 the stock rating was maintained by Deutsche Bank with "Buy". The firm earned "Buy" rating on Monday, July 17 by Deutsche Bank.

Foot Locker, a retailer of shoes and apparel. The company has market cap of $2.57 billion. The company operates in two business segments, the Global Athletic Group and the Northern Group. It has a 7.2 P/E ratio. 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. More interesting news about Foot Locker, Inc.

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