Breaking: Foot Locker (NYSE:FL) “Buy” Rating Reconfirmed at Deutsche Bank Today; The TP is $72

July 17, 2017 - By Vivian Currie

 Breaking: Foot Locker (NYSE:FL)

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.20, from 0.89 in 2016Q3. It increased, as 45 investors sold Foot Locker, Inc. shares while 189 reduced holdings. 80 funds opened positions while 174 raised stakes. 117.40 million shares or 2.30% less from 120.17 million shares in 2016Q3 were reported.

80,532 were reported by Janus Cap Limited Co. The New York-based X Communication Ltd Limited Liability Company has invested 0.01% in Foot Locker, Inc. (NYSE:FL). Da Davidson And invested 0% of its portfolio in Foot Locker, Inc. (NYSE:FL). Hodges Cap Mgmt Incorporated invested in 9,028 shares or 0.03% of the stock. Quantbot L P holds 0.94% of its portfolio in Foot Locker, Inc. (NYSE:FL) for 120,178 shares. Impala Asset Mgmt Ltd Liability Company reported 540,852 shares or 2.03% of all its holdings. First Bancorp Of Omaha invested in 24,819 shares. New Mexico Educational Retirement Board owns 14,500 shares. New York-based D E Shaw has invested 0% in Foot Locker, Inc. (NYSE:FL). Piedmont Investment Limited Company accumulated 0% or 383 shares. City Holdings invested 0.6% of its portfolio in Foot Locker, Inc. (NYSE:FL). Calvert Invest Inc stated it has 0.2% in Foot Locker, Inc. (NYSE:FL). Assetmark stated it has 0% of its portfolio in Foot Locker, Inc. (NYSE:FL). Lyons Wealth Mngmt Lc holds 1.09% or 11,282 shares in its portfolio. Teachers Retirement Sys Of The State Of Kentucky has invested 0.25% in Foot Locker, Inc. (NYSE:FL).

Since March 1, 2017, it had 0 buys, and 4 sales for $2.80 million activity. MCKENNA MATTHEW M sold 5,000 shares worth $379,586. Shares for $152,340 were sold by TURPIN CHERYL N on Thursday, March 2. PETERS LAUREN B sold 25,000 shares worth $1.94M. Another trade for 5,600 shares valued at $332,640 was made by GILBERT JAROBIN JR on Wednesday, May 24.

Foot Locker (NYSE:FL) Rating Reaffirmed

Foot Locker (NYSE:FL) just had their share rating of a ‘”Buy”‘ issued by research analysts at Deutsche Bank, who now has a $72 price target on the $6.44 billion market cap company or a 46.31 % upside potential. This key information was disclosed to clients in an analyst report on Monday morning.

Investors sentiment increased to 1.09 in 2016 Q4. Its up 0.20, from 0.89 in 2016Q3. It increased, as 45 investors sold Foot Locker, Inc. shares while 189 reduced holdings. 80 funds opened positions while 174 raised stakes. 117.40 million shares or 2.30% less from 120.17 million shares in 2016Q3 were reported.

80,532 were reported by Janus Cap Limited Co. The New York-based X Communication Ltd Limited Liability Company has invested 0.01% in Foot Locker, Inc. (NYSE:FL). Da Davidson And invested 0% of its portfolio in Foot Locker, Inc. (NYSE:FL). Hodges Cap Mgmt Incorporated invested in 9,028 shares or 0.03% of the stock. Quantbot L P holds 0.94% of its portfolio in Foot Locker, Inc. (NYSE:FL) for 120,178 shares. Impala Asset Mgmt Ltd Liability Company reported 540,852 shares or 2.03% of all its holdings. First Bancorp Of Omaha invested in 24,819 shares. New Mexico Educational Retirement Board owns 14,500 shares. New York-based D E Shaw has invested 0% in Foot Locker, Inc. (NYSE:FL). Piedmont Investment Limited Company accumulated 0% or 383 shares. City Holdings invested 0.6% of its portfolio in Foot Locker, Inc. (NYSE:FL). Calvert Invest Inc stated it has 0.2% in Foot Locker, Inc. (NYSE:FL). Assetmark stated it has 0% of its portfolio in Foot Locker, Inc. (NYSE:FL). Lyons Wealth Mngmt Lc holds 1.09% or 11,282 shares in its portfolio. Teachers Retirement Sys Of The State Of Kentucky has invested 0.25% in Foot Locker, Inc. (NYSE:FL).

Since March 1, 2017, it had 0 buys, and 4 sales for $2.80 million activity. MCKENNA MATTHEW M sold 5,000 shares worth $379,586. Shares for $152,340 were sold by TURPIN CHERYL N on Thursday, March 2. PETERS LAUREN B sold 25,000 shares worth $1.94M. Another trade for 5,600 shares valued at $332,640 was made by GILBERT JAROBIN JR on Wednesday, May 24.

Foot Locker, Inc. (NYSE:FL) Ratings Coverage

Among 26 analysts covering Foot Locker Inc. (NYSE:FL), 18 have Buy rating, 1 Sell and 7 Hold. Therefore 69% are positive. Foot Locker Inc. has $88 highest and $27 lowest target. $75.13’s average target is 52.67% above currents $49.21 stock price. Foot Locker Inc. had 71 analyst reports since July 21, 2015 according to SRatingsIntel. B. Riley & Co maintained the shares of FL in report on Monday, August 24 with “Neutral” rating. The firm has “Buy” rating given on Monday, February 27 by Canaccord Genuity. Jefferies maintained it with “Buy” rating and $88 target in Monday, April 24 report. The firm has “Mixed” rating by OTR GLobal given on Friday, August 12. On Tuesday, August 25 the stock rating was maintained by Canaccord Genuity with “Buy”. Jefferies maintained Foot Locker, Inc. (NYSE:FL) rating on Tuesday, June 20. Jefferies has “Buy” rating and $8000 target. The stock of Foot Locker, Inc. (NYSE:FL) has “Neutral” rating given on Monday, November 21 by PiperJaffray. Argus Research initiated Foot Locker, Inc. (NYSE:FL) rating on Thursday, October 8. Argus Research has “Buy” rating and $88 target. The stock has “Outperform” rating by Telsey Advisory Group on Monday, August 22. The company was upgraded on Friday, August 12 by B. Riley & Co.

About 1.44M shares traded. Foot Locker, Inc. (NYSE:FL) has risen 0.29% since July 17, 2016 and is uptrending. It has underperformed by 16.41% the S&P500.

Foot Locker, Inc. is a retailer of shoes and apparel. The company has market cap of $6.44 billion. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. It has a 10.07 P/E ratio. The Firm is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

More notable recent Foot Locker, Inc. (NYSE:FL) news were published by: Seekingalpha.com which released: “Foot Locker: Addressing The Absolute Massacre” on June 21, 2017, also Nasdaq.com with their article: “Foot Locker, Inc. (FL) Ex-Dividend Date Scheduled for July 12, 2017” published on July 11, 2017, Seekingalpha.com published: “Foot Locker: Retail Value In A Digital Storm” on July 13, 2017. More interesting news about Foot Locker, Inc. (NYSE:FL) were released by: Seekingalpha.com and their article: “Foot Locker: The Wake Doesn’t Drive The Boat” published on June 22, 2017 as well as Finance.Yahoo.com‘s news article titled: “What is Troubling Foot Locker? Are the Remedies Sufficient?” with publication date: July 05, 2017.

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