Shares of Foot Locker, Inc. (NYSE:FL – Get Free Report) have earned a consensus rating of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $22.81.
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Piper Sandler reduced their price target on shares of Foot Locker from $23.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Jefferies Financial Group reduced their price target on shares of Foot Locker from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Barclays set a $24.00 target price on shares of Foot Locker in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group cut their target price on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research note on Thursday, December 5th.
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Foot Locker Price Performance
Shares of FL stock opened at $15.65 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The firm’s 50-day moving average is $19.15 and its two-hundred day moving average is $22.50. Foot Locker has a 12 month low of $14.98 and a 12 month high of $33.94. The company has a market capitalization of $1.48 billion, a PE ratio of -3.47, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55.
Foot Locker (NYSE:FL – Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. Analysts predict that Foot Locker will post 1.23 earnings per share for the current 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.
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