Price Target Update on Foot Locker (NYSE:FL)

Foot Locker (NYSE:FL) : The most positive equity analysts on Foot Locker (NYSE:FL) expects the shares to touch $83, whereas, the least positive believes that the stock will trade at $60 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $72.47 with an expected fluctuation of $6.94 from the mean.

Other Equity analysts have also commented on the company shares. Brokerage firm Deutsche Bank maintains its rating on Foot Locker (NYSE:FL). As per the latest information, the brokerage house lowers the price target to $79 per share from a prior target of $80. The shares have been rated Buy. The rating by the firm was issued on May 16, 2016.

Foot Locker (NYSE:FL): On Thursdays trading session , Opening price of the stock was $54.04 with an intraday high of $54.12. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $52.99. However, the stock managed to close at $53.14, a loss of 0.77% for the day. On the previous day, the stock had closed at $53.55. The total traded volume of the day was 2,230,858 shares.

The company shares have dropped -18.94% from its 1 Year high price. On Sep 25, 2015, the shares registered one year high at $77.25 and the one year low was seen on Jun 17, 2016. The 50-Day Moving Average price is $56.34 and the 200 Day Moving Average price is recorded at $62.25. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mckenna Matthew M, director of Foot Locker, Inc., had unloaded 10,628 shares at an average price of $62.35 in a transaction dated on April 8, 2016. The total value of the transaction was worth $662,656.

Foot Locker, Inc. is a retailer of shoes and apparel. The Company operates in two segments: Athletic Stores and Direct-to-Customers. 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. The Direct-to-Customers segment includes, Inc. and other affiliates, including Eastbay, Inc., and the direct-to-customer subsidiary of Runners Point Group, which sell to customers through their Internet and mobile sites and catalogs. As of January 31, 2015, the Company operated 3,423 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand. As of January 31, 2015, the Company operated a total of 78 franchised stores, of which 31 are in the Middle East, 27 in Germany and Switzerland, and 20 in the Republic of Korea.

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