FL has been the topic of several other reports. The firm has "Sell" rating by Zacks given on Monday, September 21. Barclays PLC set a $80.00 target price on Foot Locker and gave the stock a buy rating in a report on Saturday, August 5th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Foot Locker in a report on Tuesday, August 15th. Finally, Credit Suisse Group reissued a "neutral" rating and issued a $52.00 price objective (down previously from $66.00) on shares of Foot Locker in a research note on Tuesday, August 1st.
Foot Locker (NYSE FL) traded up $0.36 during midday trading on Wednesday, hitting $30.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.88 and a current ratio of 5.63. The stock has a market capitalization of $3,930.00, a P/E ratio of 6.70, a PEG ratio of 2.09 and a beta of 0.66. Foot Locker has a fifty-two week low of $28.42 and a fifty-two week high of $79.43.
The stock had fallen more than 55% before Friday's earnings report as new athletic footwear styles failed to excite shoppers amid competition from the online segment led by Amazon. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.80 billion. After $1.00 actual EPS reported by InterDigital, Inc. for the previous quarter, Wall Street now forecasts -27.00% negative EPS growth. Research analysts expect Foot Locker to earn $3.73 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 33.2%.
$0.80 EPS Expected for Foot Locker, Inc. (FL)
In August, when Foot Locker reported second-quarter results, CEO Richard Johnson said sales of "some recent top styles fell well short of our expectations" and that there was a shortage of "innovative" products. Shareholders of record on Friday, January 19th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.89%. The stock of Foot Locker, Inc. If you are viewing this story on another site, it was copied illegally and reposted in violation of US and global trademark & copyright laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/16/foot-locker-inc-fl-given-consensus-recommendation-of-hold-by-brokerages.html.
Several hedge funds have recently modified their holdings of the stock. Smithfield Trust Co. lifted its position in shares of Foot Locker by 276.2% in the third quarter. The firm owned $8.33 million shares of the company's stock after selling 3.41 million shares during the period. Northern Corp invested 0.02% of its portfolio in Foot Locker, Inc. The biggest holder now is Matthew D. Serra who owns 758,585 shares (0.61% of those outstanding), whilst Kenneth (Ken) C. Hicks holds 565,805 (0.46% of shares outstanding) and Mr. Richard A. Johnson holds 262,589 (0.21% of shares outstanding). Rockefeller Financial Services Inc. purchased a new stake in Foot Locker in the third quarter valued at $42,618,000. Finally, Vident Investment Advisory LLC raised its position in shares of Foot Locker by 95.6% in the third quarter. Cigna Corporation has 7 buy ratings, 4 holds and 0 sells even after the stock tumbled -4.51% from its high of $206.45 to a $48.49 billion market value through last close.
Foot Locker, Inc.is a retailer of shoes and apparel. As part of Foot Locker's over-arching strategy to offer differentiated brand experiences and products, the two companies are again joining forces to offer industry-leading experiences to consumers through innovative in-store and pop-up opportunities.