Foot Locker (FL) Receives Price Target

Foot Locker (FL) : 16 Wall Street analysts covering Foot Locker (FL) believe that the average level the stock could reach for the short term is $75.75. The maximum price target given is $83 and the minimum target for short term is around $67, hence the standard deviation is calculated at $4.55.

Foot Locker (FL) has an average broker rating of 1.47, which is interpreted as a Strong Buy, as rated by 17 equity analysts. Nonetheless, 13 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 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 2, which is also a Buy.


Also, Major Brokerage house, UBS maintains its ratings on Foot Locker (NYSE:FL). In the latest research report, UBS raises the target price from $69 per share to $76 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 22, 2016.

Foot Locker (NYSE:FL): The stock opened at $65.80 on Thursday but the bulls could not build on the opening and the stock topped out at $65.80 for the day. The stock traded down to $65.03 during the day, due to lack of any buying support eventually closed down at $65.53 with a loss of -0.17% for the day. The stock had closed at $65.64 on the previous day. The total traded volume was 1,029,727 shares.

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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