Foot Locker’s (FL) “Market Perform” Rating Reiterated at Telsey Advisory Group

Foot Locker (NYSE:FL)‘s stock had its “market perform” rating reaffirmed by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $24.00 price objective on the athletic footwear retailer’s stock. Telsey Advisory Group’s price target would indicate a potential upside of 38.05% from the stock’s current price.

FL has been the topic of a number of other research reports. Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and raised their price target for the company from $17.00 to $21.00 in a report on Wednesday, November 27th. Barclays reduced their price target on Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. The Goldman Sachs Group lowered their price objective on Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a report on Thursday, December 5th. Evercore ISI cut their price objective on Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Guggenheim lowered their price target on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $24.35.

Foot Locker Stock Performance

Shares of NYSE FL opened at $17.39 on Wednesday. Foot Locker has a one year low of $16.92 and a one year high of $34.71. The business’s 50-day moving average price is $19.98 and its two-hundred day moving average price is $23.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The company has a market capitalization of $1.65 billion, a P/E ratio of -3.85, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. Analysts anticipate that Foot Locker will post 1.23 earnings per share for the current fiscal year.

Institutional Trading of Foot Locker

Several institutional investors have recently made changes to their positions in FL. Public Employees Retirement System of Ohio lifted its stake in Foot Locker by 173.6% during 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Foot Locker by 17.5% in the 4th 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 buying an additional 39,232 shares in the last quarter. Voloridge Investment Management LLC grew its position in 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 valued at $16,044,000 after acquiring an additional 295,243 shares during the period. Vision One Management Partners LP bought a new stake in shares of Foot Locker in the 4th quarter worth about $1,205,000. Finally, Twinbeech Capital LP acquired a new position in Foot Locker in the fourth quarter valued at about $5,715,000.

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.