Foot Locker (NYSE:FL) Price Target Cut to $16.00 by Analysts at JPMorgan Chase & Co.

Foot Locker (NYSE:FL) had its target price cut by JPMorgan Chase & Co. from $19.00 to $16.00 in a research note published on Monday morning,Benzinga reports. They currently have an underweight rating on the athletic footwear retailer’s stock.

Several other research firms have also commented on FL. UBS Group decreased their target price on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. StockNews.com cut shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday. Evercore ISI lowered their price objective on shares of Foot Locker from $22.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday. Jefferies Financial Group reduced their target price on Foot Locker from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. Finally, Robert W. Baird lowered their price target on Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Foot Locker has an average rating of “Hold” and a consensus target price of $21.69.

Foot Locker Stock Down 3.9 %

NYSE FL opened at $11.35 on Monday. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -2.52, a PEG ratio of 0.53 and a beta of 1.41. The company has a 50 day moving average of $16.26 and a 200-day moving average of $20.39. Foot Locker has a 1-year low of $11.08 and a 1-year high of $33.94.

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

Institutional Investors Weigh In On Foot Locker

Institutional investors have recently added to or reduced their stakes in the business. Investors Research Corp lifted its holdings in shares of Foot Locker by 19.7% during the first quarter. Investors Research Corp now owns 11,529 shares of the athletic footwear retailer’s stock worth $163,000 after purchasing an additional 1,900 shares during the period. GAMMA Investing LLC raised its position in Foot Locker by 4,843.0% during the 1st quarter. GAMMA Investing LLC now owns 34,799 shares of the athletic footwear retailer’s stock worth $491,000 after purchasing an additional 34,095 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in Foot Locker by 35.0% during the 1st quarter. Moody National Bank Trust Division now owns 37,867 shares of the athletic footwear retailer’s stock worth $534,000 after buying an additional 9,817 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Foot Locker by 173.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 112,028 shares of the athletic footwear retailer’s stock worth $2,438,000 after buying an additional 71,083 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 valued at $5,733,000 after buying an additional 39,232 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.