Susquehanna Believes Foot Locker Inc (FL) Still Has Room to Grow


Susquehanna analyst Sam Poser reiterated a Buy rating on Foot Locker Inc (FL) today and set a price target of $71. The company’s shares opened today at $57.93, close to its 52-week high of $59.40.

According to TipRanks.com, Poser is a 5-star analyst with an average return of 6.7% and a 56.1% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

Foot Locker Inc has an analyst consensus of Moderate Buy, with a price target consensus of $60.81, implying a 5.0% upside from current levels. In a report issued on February 8, Robert W. Baird also reiterated a Buy rating on the stock with a $65 price target.

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Based on Foot Locker Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.86 billion and net profit of $130 million. In comparison, last year the company earned revenue of $2.21 billion and had a GAAP net loss of $49 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.

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