Foot Locker, Inc. (NYSE:FL – Get Free Report) has earned a consensus rating of “Reduce” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $25.87.
Several analysts have weighed in on the stock. Robert W. Baird lowered their target price on shares of Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley lowered shares of Foot Locker from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $24.00 to $18.00 in a research note on Thursday, July 18th. Barclays raised shares of Foot Locker from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $27.00 to $34.00 in a report on Thursday, August 29th. Piper Sandler reiterated a “neutral” rating and set a $30.00 price target on shares of Foot Locker in a research report on Friday, August 23rd. Finally, StockNews.com lowered Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th.
Check Out Our Latest Report on Foot Locker
Insider Buying and Selling at Foot Locker
Institutional Trading of Foot Locker
Several institutional investors have recently modified their holdings of the company. Quarry LP bought a new position in shares of Foot Locker in the second quarter valued at $31,000. Fifth Third Bancorp grew its holdings in shares of Foot Locker by 116.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after acquiring an additional 733 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Foot Locker by 156.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after acquiring an additional 985 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Foot Locker during the second quarter valued at $43,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Foot Locker by 3,004.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock valued at $44,000 after purchasing an additional 1,352 shares during the last quarter.
Foot Locker Stock Up 0.3 %
NYSE:FL opened at $26.33 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.66. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of -6.95, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. Foot Locker has a one year low of $16.73 and a one year high of $35.60. The stock has a 50-day simple moving average of $28.67 and a 200 day simple moving average of $25.62.
Foot Locker (NYSE:FL – Get Free Report) last issued its earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. Sell-side analysts predict that Foot Locker will post 1.51 EPS for the current fiscal year.
Foot Locker Company Profile
Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.
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