Analysts Set Foot Locker, Inc. (NYSE:FL) Price Target at $25.94

Foot Locker, Inc. (NYSE:FL) has received a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $25.94.

A number of equities research analysts have recently issued reports on the stock. Gordon Haskett assumed coverage on shares of Foot Locker in a report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price target on the stock. Barclays raised shares of Foot Locker from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $27.00 to $34.00 in a research note on Thursday, August 29th. Robert W. Baird decreased their target price on Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Piper Sandler reissued a “neutral” rating and set a $30.00 price target on shares of Foot Locker in a research report on Friday, August 23rd. Finally, Evercore ISI raised their price objective on Foot Locker from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th.

Insider Buying and Selling at Foot Locker

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.22, for a total transaction of $17,911,559.60. Following the transaction, the insider now directly owns 10,393,592 shares of the company’s stock, valued at $345,275,126.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 787,566 shares of company stock worth $26,090,866 over the last ninety days. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Foot Locker

Several large investors have recently made changes to their positions in FL. Sunbelt Securities Inc. acquired a new position in Foot Locker in the 1st quarter valued at $100,000. Fortis Group Advisors LLC bought a new stake in Foot Locker during the first quarter valued at about $298,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Foot Locker by 12.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,598 shares of the athletic footwear retailer’s stock valued at $1,357,000 after purchasing an additional 5,454 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in shares of Foot Locker by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 71,696 shares of the athletic footwear retailer’s stock worth $2,043,000 after purchasing an additional 931 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Foot Locker by 22.8% during the 1st quarter. Empowered Funds LLC now owns 339,557 shares of the athletic footwear retailer’s stock worth $9,677,000 after purchasing an additional 63,058 shares during the last quarter.

Foot Locker Stock Performance

Shares of NYSE FL opened at $24.67 on Tuesday. The stock’s fifty day simple moving average is $27.77 and its 200 day simple moving average is $25.55. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of -6.37, a PEG ratio of 0.58 and a beta of 1.43. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. Foot Locker has a 52-week low of $19.44 and a 52-week high of $35.60.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. As a group, sell-side analysts forecast that Foot Locker will post 1.49 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.