Susquehanna Reiterates Their Buy Rating on Foot Locker Inc

By Jason Carr

Susquehanna analyst Sam Poser reiterated a Buy rating on Foot Locker Inc (NYSE: FL) today. The company’s shares closed yesterday at $70.45.

According to TipRanks.com, Poser is a 5-star analyst with an average return of 8.8% and a 57.1% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.

Foot Locker Inc has an analyst consensus of Moderate Buy, with a price target consensus of $81.57.

Based on Foot Locker Inc’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $2.11 billion and quarterly net profit of $189 million. In comparison, last year the company earned revenue of $1.99 billion and had a net profit of $191 million.

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Foot Locker, Inc. engages in the global retail of athletically inspired shoes and apparel. It operates through the following segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment operates athletic footwear and apparel retailers in the world, with brands that include Foot Locker, Lady Foot Locker, SIX:02, Kids Foot Locker, Champs Sports, Footaction, Runners Point and Sidestep. The Direct-to-Customers segment includes Footlocker.com, Inc. and other affiliates, including Eastbay, Inc., and company’s international ecommerce businesses, which sell to customers through their Internet and mobile sites and catalogs. The company was founded in 1989 and is headquartered in New York, NY.