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Foot Locker: Argus Research Downgraded It to 'Hold'

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Foot Locker: Argus Research Downgraded It to 'Hold' PART 3 OF 3

Foot Locker: Analyzing Wall Street Analysts’ View

Analysts’ view on Foot Locker

Foot Locker (FL) is covered by 22 Wall Street analysts. It received a rating of two on a scale of one to five (one is a strong buy and five is a sell). It’s important to note that 64% of the analysts recommended buying the stock, while 46% suggested holding it. Buckingham Research, Wedbush, Canaccord Genuity, and Guggenheim are among the brokerage houses that gave a “buy” rating on the stock. Cowen and Company, Argus Research, and Piper Jaffray are among the brokerage houses that gave a “hold” rating. There haven’t been any “sell” recommendations on the stock.

Foot Locker: Analyzing Wall Street Analysts&#8217; View

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Sportswear peers

Foot Locker is among the best-rated sportswear stocks. Competitors DSW (DSW) and Dick’s Sporting Goods (DKS) received ratings of 3.1 and 2.1, respectively, with 58% and 18% “buy” recommendations.

Under Armour (UAA), Nike (NKE), and Lululemon (LULU) are rated 2.8, 2.2, and 2.5, respectively. They have 24%, 63%, and 43% “buy” ratings.

Under Armour has the highest percentage of sell ratings at ~18%.

Upsides

Currently, Foot Locker stock is trading at $55.10, which is ~44% below its 52-week high price. Wall Street analysts expect its stock price to rise to $72.60, which is an upside of more than 30%.

In comparison, other sportswear stocks have lower upsides attached. Nike and Lululemon are expected to rise 16% and 15%, respectively. Under Armour is expected to fall 7% in the next 12 months.

Investors looking for exposure to Foot Locker could consider the iShares Edge MSCI Multifactor Consumer Discretionary ETF (CNDF), which invests 1.8% of its portfolio in the company.

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