Foot Locker (NYSE:FL – Get Rating) had its target price trimmed by Evercore ISI from $60.00 to $45.00 in a research note published on Monday, The Fly reports.
Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Foot Locker from a hold rating to a sell rating in a research note on Saturday, May 20th. Williams Trading lowered shares of Foot Locker from a hold rating to a sell rating in a research note on Sunday, May 21st. Wedbush reaffirmed a neutral rating on shares of Foot Locker in a research note on Tuesday, March 21st. TD Securities increased their target price on shares of Foot Locker from $39.00 to $43.00 and gave the stock a market perform rating in a research note on Tuesday, March 21st. Finally, Barclays lowered their target price on shares of Foot Locker from $42.00 to $31.00 in a research note on Sunday, May 21st. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $38.80.
Foot Locker Trading Down 1.3 %
Shares of FL opened at $25.82 on Monday. The company has a current ratio of 1.62, a quick ratio of 0.46 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 firm has a 50-day moving average price of $39.14 and a 200 day moving average price of $39.39. The firm has a market capitalization of $2.41 billion, a P/E ratio of 10.01 and a beta of 1.23.
Foot Locker Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $1.60 dividend on an annualized basis and a yield of 6.20%. Foot Locker’s payout ratio is currently 62.02%.
Institutional Trading of Foot Locker
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC purchased a new position in shares of Foot Locker during the fourth quarter worth approximately $39,000. Advisors Asset Management Inc. grew its position in shares of Foot Locker by 68.3% during the first quarter. Advisors Asset Management Inc. now owns 1,336 shares of the athletic footwear retailer’s stock worth $40,000 after acquiring an additional 542 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Foot Locker by 73.9% during the first quarter. Parkside Financial Bank & Trust now owns 1,337 shares of the athletic footwear retailer’s stock worth $53,000 after acquiring an additional 568 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Foot Locker during the first quarter worth approximately $56,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Foot Locker during the first quarter worth approximately $66,000. Institutional investors and hedge funds own 95.06% of the company’s stock.
About Foot Locker
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.
- Get a free copy of the StockNews.com research report on Foot Locker (FL)
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