Foot Locker (NYSE:FL) Price Target Lowered to $20.00 at JPMorgan Chase & Co.

Foot Locker (NYSE:FL) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $23.00 to $20.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the athletic footwear retailer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 4.28% from the company’s previous close.

A number of other research firms also recently commented on FL. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and raised their target price for the company from $17.00 to $21.00 in a report on Wednesday, November 27th. The Goldman Sachs Group reduced their price objective on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Evercore ISI lowered their target price on shares of Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 26th. Guggenheim dropped their target price on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Finally, UBS Group decreased 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. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.94.

Foot Locker Trading Down 1.3 %

NYSE FL opened at $20.90 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. The stock has a market capitalization of $1.98 billion, a P/E ratio of -4.63, a P/E/G ratio of 0.82 and a beta of 1.49. Foot Locker has a 52-week low of $19.33 and a 52-week high of $35.60. The firm has a 50-day moving average price of $22.09 and a 200 day moving average price of $25.04.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Foot Locker during the second quarter worth $31,000. Northwestern Mutual Wealth Management Co. boosted its stake in Foot Locker by 156.1% in 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 last quarter. nVerses Capital LLC purchased a new stake in Foot Locker in the 3rd quarter valued at about $47,000. R Squared Ltd purchased a new stake in Foot Locker in the 4th quarter valued at about $50,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Foot Locker during the 3rd quarter valued at about $58,000.

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.