Foot Locker, Inc. (NYSE:FL) Given Consensus Rating of “Hold” by Analysts

Foot Locker, Inc. (NYSE:FL) has been given an average recommendation of “Hold” by the sixteen analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $21.38.

FL has been the subject of several analyst reports. Robert W. Baird lowered their price objective on Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their price target on Foot Locker from $19.00 to $17.00 and set a “sell” rating for the company in a research report on Tuesday, April 22nd. Piper Sandler dropped their price objective on Foot Locker from $19.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Telsey Advisory Group reiterated a “market perform” rating and issued a $24.00 target price on shares of Foot Locker in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group lowered their target price on shares of Foot Locker from $22.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, March 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FL. Virtu Financial LLC bought a new position in shares of Foot Locker in the third quarter worth $701,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Foot Locker during the 3rd quarter valued at about $58,000. Fiduciary Alliance LLC bought a new stake in Foot Locker in the 4th quarter worth approximately $203,000. Moody National Bank Trust Division bought a new position in Foot Locker during the fourth quarter valued at approximately $610,000. Finally, KBC Group NV lifted its holdings in shares of Foot Locker by 5,148.1% in the 4th quarter. KBC Group NV now owns 121,493 shares of the athletic footwear retailer’s stock worth $2,644,000 after acquiring an additional 119,178 shares during the last quarter.

Foot Locker Trading Up 4.6 %

NYSE FL opened at $13.00 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker has a 52 week low of $11.00 and a 52 week high of $33.94. The business has a 50 day moving average price of $14.29 and a 200-day moving average price of $19.29. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -2.88, a P/E/G ratio of 0.53 and a beta of 1.41.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. Foot Locker’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. As a group, equities analysts expect that Foot Locker will post 1.23 earnings per share for the current fiscal year.

About Foot Locker

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.