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

Foot Locker, Inc. (NYSE:FL) has been given an average rating of “Hold” by the fifteen research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $24.94.

Several research analysts recently weighed in on FL shares. Jefferies Financial Group cut their target price on shares of Foot Locker from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Evercore ISI raised shares of Foot Locker from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $28.00 to $32.00 in a research note on Monday, March 25th. Piper Sandler cut their target price on shares of Foot Locker from $37.00 to $31.00 and set an “overweight” rating for the company in a research note on Thursday, March 7th. Bank of America cut their target price on shares of Foot Locker from $31.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, March 7th. Finally, Guggenheim cut their target price on shares of Foot Locker from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 7th.

Institutional Trading of Foot Locker

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in Foot Locker by 445.8% in the third quarter. Tower Research Capital LLC TRC now owns 27,477 shares of the athletic footwear retailer’s stock worth $477,000 after buying an additional 22,443 shares during the period. AQR Capital Management LLC increased its position in Foot Locker by 110.4% in the third quarter. AQR Capital Management LLC now owns 731,256 shares of the athletic footwear retailer’s stock worth $12,687,000 after buying an additional 383,724 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Foot Locker in the fourth quarter worth $20,717,000. Vanguard Group Inc. increased its position in Foot Locker by 9.6% in the third quarter. Vanguard Group Inc. now owns 10,292,817 shares of the athletic footwear retailer’s stock worth $178,580,000 after buying an additional 902,610 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Foot Locker by 416.6% in the third quarter. State of Alaska Department of Revenue now owns 50,848 shares of the athletic footwear retailer’s stock worth $882,000 after buying an additional 41,005 shares during the period.

Foot Locker Price Performance

Foot Locker stock opened at $21.55 on Tuesday. Foot Locker has a 52 week low of $14.84 and a 52 week high of $42.79. The company has a quick ratio of 0.55, a current ratio of 1.72 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $26.93 and its 200 day simple moving average is $26.37. The firm has a market capitalization of $2.04 billion, a PE ratio of -6.16, a P/E/G ratio of 0.52 and a beta of 1.43.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, March 6th. The athletic footwear retailer reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the firm earned $0.97 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Foot Locker will post 1.56 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.