UBS Group Has Lowered Expectations for Foot Locker (NYSE:FL) Stock Price

Foot Locker (NYSE:FL) had its price target reduced by investment analysts at UBS Group from $26.00 to $22.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the athletic footwear retailer’s stock.

A number of other equities research analysts have also commented on the company. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and raised their price target for the stock from $17.00 to $21.00 in a research report on Wednesday, November 27th. Needham & Company LLC reissued a “buy” rating and set a $27.00 price objective on shares of Foot Locker in a research report on Wednesday. Citigroup boosted their price objective on shares of Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. StockNews.com downgraded Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group reduced their price objective on Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.29.

Foot Locker Stock Up 3.9 %

NYSE:FL opened at $22.00 on Thursday. The stock’s fifty day simple moving average is $23.87 and its 200-day simple moving average is $25.80. The firm has a market capitalization of $2.09 billion, a P/E ratio of -4.88, a P/E/G ratio of 0.64 and a beta of 1.46. The company has a quick ratio of 0.49, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker has a 12-month low of $19.33 and a 12-month high of $35.60.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts expect that Foot Locker will post 1.52 earnings per share for the current year.

Institutional Trading of Foot Locker

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Foot Locker in the second quarter valued at $31,000. Fifth Third Bancorp lifted its stake in shares of Foot Locker by 116.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after buying an additional 733 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Foot Locker by 156.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after buying an additional 985 shares during the period. Headlands Technologies LLC acquired a new position in Foot Locker in the 2nd quarter valued at about $43,000. Finally, nVerses Capital LLC bought a new position in Foot Locker in the 3rd quarter valued at about $47,000.

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.