UBS Remains a Hold on Foot Locker (FL)
UBS analyst Jay Sole maintained a Hold rating on Foot Locker (FL – Research Report) today and set a price target of $24.00. The company’s shares opened today at $23.74.
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According to TipRanks, Sole is a 4-star analyst with an average return of 6.9% and a 51.52% success rate. Sole covers the Consumer Cyclical sector, focusing on stocks such as Gap Inc, Kohl’s, and PVH.
Foot Locker has an analyst consensus of Hold, with a price target consensus of $21.25, representing a -10.49% downside. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a $24.00 price target.
Based on Foot Locker’s latest earnings release for the quarter ending February 1, the company reported a quarterly revenue of $2.25 billion and a net profit of $49 million. In comparison, last year the company earned a revenue of $2.38 billion and had a GAAP net loss of $389 million
Read More on FL:
Disclaimer & DisclosureReport an Issue
- DKS Bosses Will Take Their Eyes Off the Ball in $2.4B Foot Locker Deal, Warns Analyst
- Foot Locker’s Hold Rating Amid Market Challenges and Acquisition Uncertainties
- Foot Locker: Hold Rating Amid Earnings Miss and Acquisition Price Impact
- Foot Locker reports Q1 adjusted EPS (7c), consensus 11c
- Notable companies reporting before tomorrow’s open
