Short Term Price Target on Foot Locker (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.

Shares of Foot Locker, Inc. appreciated by 3.24% during the last five trading days but lost 0.07% on a 4-week basis. Foot Locker, Inc. has dropped 13.55% during the last 3-month period . Year-to-Date the stock performance stands at -14.99%. Also, Equity Analysts at the Deutsche Bank maintains the rating on Foot Locker (NYSE:FL). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $80 per share to $79 per share. The rating by the firm was issued on May 16, 2016.

Foot Locker (NYSE:FL) : The consensus on Foot Locker (NYSE:FL) based on 19 analyst recommendation on the company stock is 1.53, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 14 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Foot Locker (NYSE:FL): The stock opened at $55.10 on Thursday but the bulls could not build on the opening and the stock topped out at $55.20 for the day. The stock traded down to $54.72 during the day, due to lack of any buying support eventually closed down at $54.86 with a loss of -0.40% for the day. The stock had closed at $55.08 on the previous day. The total traded volume was 3,926,413 shares.

In an insider trading activity, Mckenna Matthew M, director of Foot Locker, Inc., unloaded 10,628 shares at an average price of $62.35 on April 8, 2016. The total amount of the transaction was worth $662,656, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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