Telsey Advisory Group’s stock analysts upgraded their recommendation on Foot Locker (NYSE: F.L.), moving it from “market perform” to “outperform,” after conducting research on the company and publishing their findings on Thursday.
Previously, they had recommended that investors “market perform” on the stock.
This is the opinion that Briefing.com has regarding the matter.
The price objective that the brokerage firm has set for the stock of the retailer of sports footwear has been raised from $39.00 to $50.00.
According to the target price that Telsey Advisory Group determined, there is the possibility of a profit higher by 21.83 percent than the price the company is currently trading at.
The opening price of each share on the NYSE: F.L. on Thursday was 41.04 dollars.
Throughout the company’s existence, Foot Locker’s stock price has fluctuated between a 52-week low of $23.85 and a 52-week high of $47.22 at various points.
At the moment, the company’s share price is trading at a 50-day moving average of $42.35 and a 200-day moving average of $37.59.
The company has a P/E ratio of 9.35 and a beta value of 1.25, and its market capitalization is currently equal to $3.83 billion.
The quick ratio is 0.43, the current ratio is 1.54, and the debt-to-equity ratio is 0.14.
All of these numbers are relative to the total amount of debt.
All these figures should be interpreted in light of the overall sum owed.
F.L. has, in recent times, had comments from a wide variety of additional research specialists.
In a research note published on February 1, Credit Suisse Group raised its price objective for Foot Locker from $38.00 to $62.00 and upgraded the company from “neutral” to “outperform” ratings.
BTIG Research announced via a research note on Monday, February 6, that it would begin covering Foot Locker shares.
BTIG Research’s announcement was made public.
They recommended purchasing the stock and believe it will reach a price of $55.00 by the time the year ends. Cowen raised the price objective they had set to purchase Foot Locker shared from $35.00 to $39.00 and announced the change in a research note published on November 21. Wedbush maintained its “neutral” rating on Foot Locker shares in a research note published on Tuesday, and the firm set a price objective of $40.00 for the stock.
In a research report made available to the public on Monday, November 28, UBS Group announced that they had increased their price objective on Foot Locker to $39.00 after doing some recent stock analysis.
This stock has been rated “hold” by seventeen market analysts, while a “buy” recommendation has been issued by only four.
The information provided by Bloomberg indicates that the current consensus target price for Foot Locker is $41.32, and the average recommendation for the company is “Hold.”
On January 26, Vice President John A.
Maurer sold 3,500 Foot Locker stock shares, as reported in other Foot Locker news at the time.
This transaction took place at the beginning of this month.
The total amount received for the sale of the shares was $147,035.00, and the average price paid for each share was $42.01. Following the successful conclusion of the sale, the vice president now directly owns 23,221 company shares, which have a combined value of $975,514.21. On January 26, the sale was made public through a filing with the SEC.
This filing can be found on the website of the SEC.
This transaction took place at the beginning of this month.
The total amount received for the sale of the shares was $147,035.00, and the price paid for each share on average was $42.01. Following the successful conclusion of the sale, the vice president now directly owns 23,221 company shares, which have a combined value of $975,514.21.
The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC.
According to additional corporate statements, on January 26, John A.
Maurer was reported to have sold 3,500 shares of Foot Locker stock.
This information was obtained from the statements above.
The price that was settled for each share was determined to be $42.01, and a total of $147,035.00 worth of the company’s stock was traded. Following the completion of the acquisition, the vice president was given ownership of 23,221 company shares, which together have a value of $975,514.21. You can find a copy of the filing that disclosed the transaction on the Securities and Exchange Commission (SEC) website.
The filing described the transaction.
A further 2,500 of the company’s shares were sold on January 5 by Senior Vice President Todd Greener.
The total amount of money obtained from the sale of the shares was $94,075.00, which comes from a price of $37.63 for each share.
The senior vice president now has 5,921 shares of company stock, which have a total value of $222,807.23 thanks to the transaction that just took place.
Disclosures related to the sale might be found in this website section.
The corporation’s insiders collectively hold a stake in the company equivalent to three percent of the company’s total equity.
In the most recent few months, various institutional investors have adjusted the interests they hold in the company.
These investors hold stakes in the company.
As of the end of the fourth fiscal quarter, Edmp INC reported that the value of its Foot Locker holdings had increased by 3,642.3%.
Edmp INC now owns 1,168,807 shares of the company’s stock, worth $30,929,000, after purchasing an additional 1,137,575 shares of the athletic footwear retailer’s stock during the most recent period.
These shares were purchased during the most recent period.
Point72 Asset Management L.P.
Paid approximately $28,736,000 to acquire an additional investment in Foot Locker during the third quarter of 2018.
During the first three months of 2018, Renaissance Technologies LLC bought an additional 5,122.3% worth of shares in Foot Locker, bringing the total number of shares it owns to 105,122.3%.
As a result of making additional purchases amounting to 896,400 shares during the quarter, Renaissance Technologies LLC now owns a total of 913,900 shares of the stock held by the athletic footwear retailer.
These shares have a combined value of $27,106,00 and were purchased by the company.
During the third quarter, National Bank of Canada FI increased its holdings by a whopping 96,732.3%, and Foot Locker was one of the companies that benefited from this move. Following the acquisition of an additional 749,675 shares during the most recent quarter, the National Bank of Canada now holds 750,450 shares of the athletic footwear retailer’s stock.
These shares total $23,362,000, making the National Bank of Canada’s F.I. holdings worth $23,362,000.
During the third quarter of the fiscal year, Victory Capital Management INC increased its stake in Foot Locker by 2,684.7%, making it clear that this was not the last significant investment announcement.
After making additional purchases totaling 718,422 shares, Victory Capital Management INC now possesses 745,182 shares of the athletic footwear retailer’s stock.
These shares have a combined value of $23,198,00 and are worth $23,198,00. 95.06 institutional investors and hedge funds hold a percent of the total number of shares issued by the company.
Foot Locker, INC is the name of a company that is in the business of operating as a retailer of various athletic shoes and apparel.
The company’s omnichannel capabilities, which include order-in-store, purchasing online and picking up in-store, and buying online and shipping from the store, are used to connect the virtual and real worlds. Other omnichannel capabilities include buying online and shipping from a store.
The ability to buy something online and then pick it up in a store is another example of the company’s omnichannel capabilities.
It conducts business in the Asia-Pacific region, Europe, the Middle East, and Africa, each of which is a distinct geographical region.
The third region is comprised of North America.