Foot Locker, Inc. (NYSE:FL) Given Average Recommendation of “Hold” by Brokerages

Shares of Foot Locker, Inc. (NYSE:FL) have earned a consensus rating of “Hold” from the sixteen analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $22.81.

FL has been the topic of several recent research reports. Robert W. Baird dropped their price target on shares of Foot Locker from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Piper Sandler dropped 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 report on Thursday, March 6th. UBS Group dropped their price target on shares of Foot Locker from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. dropped their price target on shares of Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $24.00 price target on shares of Foot Locker in a research report on Wednesday, March 5th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Summit Investment Advisors Inc. boosted its holdings in 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 purchasing an additional 562 shares during the period. Harbour Investments Inc. boosted its holdings in 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 purchasing an additional 648 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Foot Locker by 32.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer’s stock worth $84,000 after acquiring an additional 801 shares during the last quarter. Foundry Partners LLC lifted its holdings in shares of Foot Locker by 8.8% during the 4th quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer’s stock worth $278,000 after acquiring an additional 1,031 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Foot Locker by 8.9% during the 3rd quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer’s stock worth $332,000 after acquiring an additional 1,054 shares during the last quarter.

Foot Locker Stock Performance

Shares of Foot Locker stock opened at $16.59 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $18.96 and a two-hundred day moving average price of $22.29. Foot Locker has a 1-year low of $14.98 and a 1-year high of $33.94. The company has a market cap of $1.57 billion, a P/E ratio of -3.68, a PEG ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm earned $0.38 EPS. As a group, analysts anticipate that Foot Locker will post 1.23 EPS 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.