Impact of Brokerage Rating on Foot Locker, Inc.(FL)

Many Foot Locker, Inc.(FL) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Foot Locker was Upgraded by Guggenheim to Buy on Feb 2, 2017. Company shares were Reiterated by Canaccord Genuity on Dec 5, 2016 to Buy, Raises Price Target to $ 83 from a previous price target of $79 .Foot Locker was Downgraded by Piper Jaffray to Neutral on Nov 21, 2016.

Company has reported several Insider transactions to the SEC, on Dec 7, 2016, Jarobin Jr Gilbert (director) sold 1,000 shares at 76.23 per share price.On Dec 6, 2016, Paulette Alviti (SVP & Chief HR Officer) sold 10,000 shares at 75.30 per share price.On Dec 1, 2016, Matthew M Mckenna (director) sold 6,659 shares at 72.39 per share price.

Foot Locker Last issued its quarterly earnings results on Nov 18, 2016. The company reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $1.10. The company had revenue of $1886.00 million for the quarter, compared to analysts expectations of $1889.16 million. The companys revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Foot Locker, Inc. (NYSE:FL) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.53 by 19 Brokerage Firm. 14 Wall Street Firms have rated the stock as a strong buys. 5 Brokerage Firms have advised hold.

Foot Locker, Inc. (NYSE:FL): The stock price is expected to reach $ 77.95 in the short term. The number of analysts agreeing with this consensus is 19. The higher estimate for the short term price target is at $85 while the lower estimate is at $67. The standard deviation of the price stands at $5.02.

Foot Locker, Inc. (NYSE:FL) rose 0.3% or 0.21 points on Tuesday and made its way into the gainers of the day. After trading began at $70.42 the stock was seen hitting $71.21 as a peak level and $69.91 as the lowest level. The stock ended up at $70.64. The daily volume was measured at 1,696,288 shares. The 52-week high of the share price is $79.43 and the 52-week low is $50.9. The company has a market cap of $9,350 million.

Foot Locker, Inc. is a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. The company operates in two business segments, the Global Athletic Group and the Northern Group. The Global Athletic Group operates the following retail stores: Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footlocker.com. The Northern Group consists of four apparel formats: Northern Reflections, Northern Traditions, Northern Getaway and Northern Elements.

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