Canaccord Genuity Reiterates Buy on Foot Locker (FL)

By admin | 6 years ago

Foot Locker (NYSE: FL)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a report issued on Monday.

Shares of Foot Locker opened at 30.80 on Monday. Foot Locker has a one year low of $16.66 and a one year high of $32.27. The company has a market cap of $4.752 billion and a P/E ratio of 14.99.

Foot Locker last issued its quarterly earnings data on Friday, May 18th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.09. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts predict that Foot Locker will post $0.53 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Foot Locker in a research note to investors on Monday. Separately, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Foot Locker to $31.00 in a research note to investors on Monday. Finally, analysts at Northland Securities raised their price target on shares of Foot Locker from $32.00 to $35.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock.

Foot Locker, Inc. is a global retailer of athletic footwear and apparel. As of January 29, 2011, the Company operated 3,426 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand.

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