Shares of Foot Locker, Inc. (NYSE:FL – Get Free Report) gapped down prior to trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $23.00 to $20.00. The stock had previously closed at $21.18, but opened at $20.70. JPMorgan Chase & Co. currently has an underweight rating on the stock. Foot Locker shares last traded at $21.03, with a volume of 169,975 shares traded.
Other analysts have also issued reports about the company. Barclays decreased their price objective on Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Jefferies Financial Group decreased their target price on Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Piper Sandler reduced their price objective on Foot Locker from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. Evercore ISI reduced their price objective on Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 26th. Finally, Gordon Haskett initiated coverage on Foot Locker in a report on Monday, October 7th. They set an “accumulate” rating and a $27.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Foot Locker has a consensus rating of “Hold” and an average target price of $24.94.
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Foot Locker Stock Performance
The business has a 50 day moving average price of $22.09 and a two-hundred day moving average price of $25.04. The stock has a market cap of $1.98 billion, a P/E ratio of -4.63, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49. 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 (NYSE:FL – Get Free Report) last issued its quarterly earnings data 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). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, sell-side analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share 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.
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