Foot Locker (NYSE:FL) Given New $22.00 Price Target at UBS Group

Foot Locker (NYSE:FL) had its price target reduced by UBS Group from $26.00 to $22.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the athletic footwear retailer’s stock.

Several other research analysts have also issued reports on FL. Jefferies Financial Group reduced their target price on Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday. Guggenheim decreased their price objective on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday. Gordon Haskett began coverage on shares of Foot Locker in a research report on Monday, October 7th. They set an “accumulate” rating and a $27.00 target price on the stock. Robert W. Baird decreased their price target on shares of Foot Locker from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Evercore ISI dropped their price objective on shares of Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.29.

Foot Locker Stock Performance

FL stock opened at $22.00 on Thursday. Foot Locker has a one year low of $19.33 and a one year high of $35.60. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -4.88, a PEG ratio of 0.64 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.67. The firm has a 50-day simple moving average of $23.87 and a two-hundred day simple moving average of $25.82.

Foot Locker (NYSE:FL) last announced its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. Foot Locker’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. On average, equities analysts forecast that Foot Locker will post 1.25 EPS for the current fiscal year.

Institutional Trading of Foot Locker

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Foot Locker by 3.1% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 14,235 shares of the athletic footwear retailer’s stock worth $355,000 after acquiring an additional 431 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Foot Locker by 1.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 41,541 shares of the athletic footwear retailer’s stock worth $1,035,000 after purchasing an additional 483 shares during the period. Arizona State Retirement System boosted its position in Foot Locker by 2.2% during the second quarter. Arizona State Retirement System now owns 23,808 shares of the athletic footwear retailer’s stock worth $593,000 after purchasing an additional 518 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in Foot Locker by 2.5% in the second quarter. SummerHaven Investment Management LLC now owns 27,671 shares of the athletic footwear retailer’s stock valued at $690,000 after purchasing an additional 667 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of Foot Locker by 116.0% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after buying an additional 733 shares in the last quarter.

About Foot Locker

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.