Argus Research Reaffirms Their Hold Rating on Foot Locker (FL)

Argus Research analyst Christine Dooley maintained a Hold rating on Foot Locker yesterday. The company’s shares opened today at $24.87.

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According to TipRanks, Dooley is a 3-star analyst with an average return of 8.5% and a 56.25% success rate. Dooley covers the Consumer Cyclical sector, focusing on stocks such as Tapestry, Foot Locker, and Gap Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Foot Locker with a $24.00 average price target.

Based on Foot Locker’s latest earnings release for the quarter ending May 3, the company reported a quarterly revenue of $1.79 billion and a GAAP net loss of $363 million. In comparison, last year the company earned a revenue of $1.88 billion and had a net profit of $8 million

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FL in relation to earlier this year. Earlier this month, Giovanna Cipriano, the SVP & CAO of FL sold 22,383.00 shares for a total of $557,336.70.