Foot Locker Inc (NYSE:FL) Has Just Had Its PT Increased by Professional Analysts at UBS Securities to $77.00

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Stock Analysis:Foot Locker Inc (NYSE:FL) Target Increased

In a comprehensive report issued to investors and clients by UBS Securities on 2 December, Foot Locker Inc (NYSE:FL) had its TP hiked to $77.00. The firm currently has a solid Buy rating on shares.

From a total of 22 analysts covering Foot Locker Inc. (NYSE:FL) stock, 14 rate it a ”Buy”, 2 a “Sell”, and 7 a ”Hold”. This means that 61% of the ratings are positive. The highest target price is $85 while the lowest target price is $59. The mean of all analyst targets is $75.27 with a 10.13% above today’s ($66.85) stock price. Foot Locker Inc. was the topic of 26 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Brean Capital maintained shares on November 23 with “Buy” rating. Argus Research initiated shares with “Buy” rating and $88 target share price in a report from an October 8. B. Riley & Co maintained FL stock in a recent report from November 19 with “Neutral” rating. Deutsche Bank initiated the rating on September 17. Deutsche Bank has a “Buy” rating and a $27 price target on shares. Finally, Buckingham Research downgraded the stock to “Neutral” rating in a report issued on a November 10.

Approximately 299,074 shares of stock traded hands. Foot Locker, Inc. (NYSE:FL) has risen 10.46% since April 29, 2015 and is uptrending. It has outperformed by 10.66% the S&P500.

Foot Locker, Inc. is a retailer of shoes and apparel. The company has a market cap of $9.32 billion. The Firm operates in two divisions: Athletic Stores and Direct-to-Customers. It has 17.98 P/E ratio. 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.

According to Zacks Investment Research, “Foot Locker, Inc. is a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. The company operates in two business segments, the Global Athletic Group and the Northern Group. The Global Athletic Group operates the following retail stores: Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footlocker.com. The Northern Group consists of four apparel formats: Northern Reflections, Northern Traditions, Northern Getaway and Northern Elements.” Get a free copy of the Zacks research report on Foot Locker, Inc. (FL).

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