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