Jefferies analyst Corey Tarlowe maintained a Buy rating on Foot Locker (FL – Research Report) yesterday and set a price target of $47.00. The company’s shares closed yesterday at $39.68.
According to TipRanks, Tarlowe is a 4-star analyst with an average return of 5.3% and a 65.88% success rate. Tarlowe covers the Consumer Goods sector, focusing on stocks such as Costco, Target, and Foot Locker.
Foot Locker has an analyst consensus of Hold, with a price target consensus of $39.18.
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Based on Foot Locker’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $2.17 billion and a net profit of $96 million. In comparison, last year the company earned a revenue of $2.19 billion and had a net profit of $158 million
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FL in relation to earlier this year.
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Foot Locker, Inc. engages in the retail of athletic shoes and apparel. It operates through the Athletic Stores and Direct-to-Customers segments. The Athletic Stores segment sells athletic footwear and apparel under the Foot Locker, Lady Foot Locker, SIX:02, Kids Foot Locker, Champs Sports, Footaction, Runners Point, and Sidestep brands. The Direct-to-Customers segment includes Footlocker.com, Inc., Eastbay, Inc., and international electronic commerce businesses. The company was founded on April 7, 1989 and is headquartered in New York, NY.
Read More on FL:
- Goldman finds small crowds, more promotions over Black Friday weekend
- Shoeshine: FL Up Big After Stellar Q3
- FOOT LOCKER, INC. DECLARES QUARTERLY DIVIDEND OF $0.40 PER SHARE
- Foot Locker, PUMA expand partnership to reach next-generation customers
- Foot Locker price target lowered to $31 from $34 at Deutsche Bank
