Foot Locker Inc (FL) Receives a Buy from Susquehanna

Susquehanna analyst Sam Poser reiterated a Buy rating on Foot Locker Inc (FLResearch Report) today and set a price target of $80. The company’s shares opened today at $56.68.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 5.2% and a 52.9% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

Currently, the analyst consensus on Foot Locker Inc is a Moderate Buy with an average price target of $70.86, a 25.0% upside from current levels. In a report issued on May 8, Guggenheim also reiterated a Buy rating on the stock with a $75 price target.

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Based on Foot Locker Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $2.27 billion and net profit of $158 million. In comparison, last year the company earned revenue of $2.03 billion and had a net profit of $165 million.

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Foot Locker, Inc. engages in the retail of athletic shoes and apparel. It operates through the Athletic Stores and Direct-to-Customers segments. The Athletic Stores segment sells athletic footwear and apparel under the Foot Locker, Lady Foot Locker, SIX:02, Kids Foot Locker, Champs Sports, Footaction, Runners Point, and Sidestep brands.