Foot Locker (NYSE:FL) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Foot Locker (NYSE:FL) in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a $24.00 target price on the athletic footwear retailer’s stock.

FL has been the topic of several other research reports. Robert W. Baird dropped their target price on shares of Foot Locker from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Barclays lowered their price objective on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Evercore ISI lowered their price objective on shares of Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday. Jefferies Financial Group lowered their price objective on shares of Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Finally, Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and increased their price objective for the company from $17.00 to $21.00 in a research report on Wednesday, November 27th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $24.18.

Foot Locker Trading Up 5.0 %

Shares of NYSE FL opened at $18.25 on Wednesday. The firm’s 50 day moving average price is $19.91 and its 200-day moving average price is $23.33. The company has a market cap of $1.73 billion, a PE ratio of -4.05, a P/E/G ratio of 0.53 and a beta of 1.55. Foot Locker has a 52-week low of $16.92 and a 52-week high of $33.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.13. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, equities research analysts expect that Foot Locker will post 1.23 EPS for the current fiscal year.

Institutional Trading of Foot Locker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its stake in shares of Foot Locker by 173.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 112,028 shares of the athletic footwear retailer’s stock worth $2,438,000 after purchasing an additional 71,083 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Foot Locker by 17.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,466 shares of the athletic footwear retailer’s stock worth $5,733,000 after purchasing an additional 39,232 shares in the last quarter. Voloridge Investment Management LLC increased its stake in shares of Foot Locker by 66.8% in the fourth quarter. Voloridge Investment Management LLC now owns 737,299 shares of the athletic footwear retailer’s stock worth $16,044,000 after purchasing an additional 295,243 shares in the last quarter. Vision One Management Partners LP purchased a new stake in shares of Foot Locker in the fourth quarter worth $1,205,000. Finally, Twinbeech Capital LP purchased a new stake in shares of Foot Locker in the fourth quarter worth $5,715,000.

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.