Foot Locker (FL) : 12 brokerage houses believe that Foot Locker (FL) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Foot Locker (FL). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 17 Wall Street Analysts endorse the stock as a Buy with a rating of 1.59.
Foot Locker (FL) : The highest level Foot Locker (FL) is projected to reach is $83 for the short term and the lowest estimate is at $60. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $72 and the possibility the share price can swing is $6.88.
For the current week, the company shares have a recommendation consensus of Buy. Foot Locker (NYSE:FL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.58 and $58.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $60.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.35, notching a gain of 3.27% for the day. The total traded volume was 2,347,463 . The stock had closed at $58.44 on the previous day.
In a related news,The director of Foot Locker, Inc., Gilbert Jarobin Jr sold 1,000 shares at $57.35 on July 8, 2016. The Insider selling transaction had a total value worth of $57,350. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Foot Locker, Inc. is a retailer of shoes and apparel. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction and SIX:02, as well as the retail stores of Runners Point Group, including Runners Point and Sidestep. The Direct-to-Customers segment includes Footlocker.com, Inc. and other affiliates, including Eastbay, Inc., and the direct-to-customer subsidiary of Runners Point Group, which sell to customers through their Internet and mobile sites and catalogs. As of January 31, 2015, the Company operated 3,423 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand. As of January 31, 2015, the Company operated a total of 78 franchised stores, of which 31 are in the Middle East, 27 in Germany and Switzerland, and 20 in the Republic of Korea.