Foot Locker, Inc. (NYSE:FL) Receives $25.18 Average Target Price from Brokerages

Shares of Foot Locker, Inc. (NYSE:FLGet Free Report) have been given a consensus recommendation of “Hold” by the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $24.94.

Several research firms have issued reports on FL. Needham & Company LLC lowered their target price on shares of Foot Locker from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday. Morgan Stanley dropped their target price on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Piper Sandler decreased their target price on shares of Foot Locker from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. UBS Group dropped their price target on Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Finally, Gordon Haskett began coverage on Foot Locker in a report on Monday, October 7th. They issued an “accumulate” rating and a $27.00 target price on the stock.

Get Our Latest Analysis on FL

Foot Locker Stock Down 1.3 %

Shares of Foot Locker stock opened at $20.90 on Thursday. The company has a 50-day simple moving average of $22.09 and a two-hundred day simple moving average of $25.04. Foot Locker has a 52-week low of $19.33 and a 52-week high of $35.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The stock has a market capitalization of $1.98 billion, a PE ratio of -4.63, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49.

Foot Locker (NYSE:FLGet Free Report) last issued its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts anticipate that Foot Locker will post 1.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Foot Locker

A number of institutional investors have recently bought and sold shares of FL. Jennison Associates LLC boosted its stake in shares of Foot Locker by 25.7% in the fourth quarter. Jennison Associates LLC now owns 640,351 shares of the athletic footwear retailer’s stock worth $13,934,000 after acquiring an additional 130,927 shares during the period. R Squared Ltd purchased a new stake in Foot Locker during the 4th quarter valued at approximately $50,000. KBC Group NV raised its position in shares of Foot Locker by 5,148.1% during the fourth quarter. KBC Group NV now owns 121,493 shares of the athletic footwear retailer’s stock valued at $2,644,000 after buying an additional 119,178 shares during the last quarter. Moody National Bank Trust Division purchased a new position in shares of Foot Locker in the fourth quarter worth $610,000. Finally, Fiduciary Alliance LLC bought a new position in shares of Foot Locker during the fourth quarter worth $203,000.

Foot Locker Company Profile

(Get Free Report

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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