Foot Locker (NYSE:FL) Price Target Lowered to $21.00 at UBS Group

Foot Locker (NYSE:FL) had its price target lowered by equities researchers at UBS Group from $22.00 to $21.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the athletic footwear retailer’s stock. UBS Group’s price objective would suggest a potential upside of 19.42% from the stock’s current price.

FL has been the subject of a number of other reports. Williams Trading upgraded Foot Locker from a “sell” rating to a “hold” rating and lifted their target price for the stock from $17.00 to $21.00 in a report on Wednesday, November 27th. Evercore ISI dropped their target price 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. Barclays reduced their price target on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Robert W. Baird dropped their price objective on shares of Foot Locker from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Needham & Company LLC restated a “buy” rating and issued a $24.00 target price on shares of Foot Locker in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $23.35.

Foot Locker Trading Down 3.7 %

Foot Locker stock traded down $0.68 during mid-day trading on Thursday, hitting $17.59. 1,308,674 shares of the stock were exchanged, compared to its average volume of 3,298,462. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -3.91, a PEG ratio of 0.53 and a beta of 1.55. Foot Locker has a 12 month low of $16.92 and a 12 month high of $33.94. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $19.91 and its two-hundred day simple moving average is $23.33.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the company posted $0.38 earnings per share. Foot Locker’s revenue for the quarter was down 5.7% compared to the same quarter last year. Analysts forecast that Foot Locker will post 1.23 EPS for the current year.

Institutional Trading of Foot Locker

Several institutional investors and hedge funds have recently bought and sold shares of FL. Summit Investment Advisors Inc. increased its holdings in shares of Foot Locker by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer’s stock worth $190,000 after purchasing an additional 562 shares during the period. Harbour Investments Inc. grew its position in Foot Locker by 81.6% during the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after buying an additional 648 shares in the last quarter. Chartwell Investment Partners LLC increased its stake in Foot Locker by 2.4% in the 3rd quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer’s stock worth $870,000 after acquiring an additional 782 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Foot Locker by 32.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock valued at $84,000 after acquiring an additional 801 shares in the last quarter. Finally, Foundry Partners LLC boosted its position in shares of Foot Locker by 8.8% during the 4th quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer’s stock valued at $278,000 after acquiring an additional 1,031 shares during the last quarter.

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.