Analyst Price Target Update on Foot Locker (NYSE:FL)

Foot Locker (NYSE:FL) shares are expected to touch $72.47 in the short term. This short term price target has been shared by 17 analysts. However, the standard deviation of short term price estimate has been valued at 6.94. The target price could hit $83 on the higher end and $60 on the lower end.

Many analysts have stated their opinion on the company shares. Deutsche Bank maintains its rating on Foot Locker (NYSE:FL). The global brokerage major lowers the current price target from $80 per share to $79 per share. Analysts at the Deutsche Bank have a current rating of Buy on the shares. The rating by the firm was issued on May 16, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The director of Foot Locker, Inc., Mckenna Matthew M sold 10,628 shares at $62.35 on April 8, 2016. The Insider selling transaction had a total value worth of $662,656. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Foot Locker (NYSE:FL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.67 points or 1.2% at $55.02 with 1,965,217 shares getting traded. Post opening the session at $55.29, the shares hit an intraday low of $55.01 and an intraday high of $55.76 and the price was in this range throughout the day. The company has a market cap of $7,445 million and the number of outstanding shares have been calculated to be 135,309,040 shares. The 52-week high of Foot Locker (NYSE:FL) is $77.25 and the 52-week low is $53.665.

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, 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.

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