Analyst Rating Update on Foot Locker (FL)

Foot Locker (NYSE:FL) has an average broker rating of 1.53, which is interpreted as a Buy, as rated by 19 equity analysts. Nonetheless, 14 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Foot Locker (NYSE:FL) : The consensus price target for Foot Locker (NYSE:FL) is $72.47 for the short term with a standard deviation of $6.94. The most optimist securities analyst among the 17 who monitor the stock believes that the stock can reach $83, however, the pessimist price target for the company is $60.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Deutsche Bank maintains the rating on Foot Locker (NYSE:FL). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $80 per share to $79 per share. The rating by the firm was issued on May 16, 2016.

Foot Locker (NYSE:FL): stock turned positive on Tuesday. Though the stock opened at $52.04, the bulls momentum made the stock top out at $52.575 level for the day. The stock recorded a low of $51.79 and closed the trading day at $52.18, in the green by 0.75%. The total traded volume for the day was 2,067,812. The stock had closed at $51.79 in the previous days trading.

In an insider trading activity, Mckenna Matthew M, director of Foot Locker, Inc., unloaded 10,628 shares at an average price of $62.35 on April 8, 2016. The total amount of the transaction was worth $662,656, according to the disclosed information 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, 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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