Brokerages Set Foot Locker, Inc. (NYSE:FL) PT at $22.81

Shares of Foot Locker, Inc. (NYSE:FL) 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. boosted its holdings in shares of Foot Locker by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer’s stock valued at $190,000 after buying an additional 562 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Foot Locker by 81.6% in the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after buying an additional 648 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Foot Locker by 32.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock valued at $84,000 after buying an additional 801 shares in the last quarter. Foundry Partners LLC boosted its holdings in shares of Foot Locker by 8.8% in the 4th quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer’s stock valued at $278,000 after buying an additional 1,031 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Foot Locker by 8.9% in the 3rd quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock valued at $332,000 after buying an additional 1,054 shares in the last quarter.

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) 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.