Susquehanna Remains a Buy on Foot Locker Inc

By Carrie Williams

Susquehanna analyst Sam Poser reiterated a Buy rating on Foot Locker Inc (NYSE: FL) today and set a price target of $75. The company’s shares closed yesterday at $53.77, close to its 52-week low of $50.90.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 7.8% and a 55.5% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica Inc, Wolverine World Wide, and Deckers Outdoor.

Foot Locker Inc has an analyst consensus of Moderate Buy, with a price target consensus of $73.88.

Based on Foot Locker Inc’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $2 billion and quarterly net profit of $180 million. In comparison, last year the company earned revenue of $1.99 billion and had a net profit of $191 million.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Matthew Mckenna, a Director at FL sold 5,000 shares for a total of $379,550.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.