Why Has BB&T Capital Mkts Given Foot Locker (NYSE:FL) a $80.0 Price Target
BB&T Capital Mkts analyst began issuing coverage with a Buy rating on Foot Locker (NYSE:FL) today and set a price target of $80.0. The company’s shares opened today at 65.39.
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 $75.36 with a 13.04% above today’s ($65.39) stock price. Foot Locker Inc. was the topic of 27 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Brean Capital maintained shares on November 23 with “Buy” rating. Deutsche Bank initiated shares with “Buy” rating and $27 target share price in a report from a September 17. Wells Fargo initiated FL stock in a recent report from November 19 with “Outperform” rating. Canaccord Genuity maintained the rating on August 25. Canaccord Genuity has a “Buy” rating and a $80 price target on shares. Finally, Argus Research initiated the stock with “Buy” rating in a report issued on an October 8.
Approximately 234,347 shares of stock traded hands. Foot Locker, Inc. (NYSE:FL) has risen 6.02% since May 1, 2015 and is uptrending. It has outperformed by 8.80% the S&P500.
Foot Locker, Inc. is a retailer of shoes and apparel. The company has a market cap of $9.11 billion. The Firm operates in two divisions: Athletic Stores and Direct-to-Customers. It has 17.59 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).