Foot Locker (NYSE:FL) Receives “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Foot Locker (NYSE:FL) in a report released on Tuesday morning,Benzinga reports. Telsey Advisory Group currently has a $24.00 target price on the athletic footwear retailer’s stock.

FL has been the topic of several other research reports. UBS Group lowered their price objective on shares of Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Jefferies Financial Group lowered their price objective on shares of Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Williams Trading raised shares of Foot Locker from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $17.00 to $21.00 in a research report on Wednesday, November 27th. Evercore ISI lowered their price target 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. Finally, Barclays lowered their price target on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $24.94.

Foot Locker Stock Down 1.9 %

Foot Locker stock opened at $17.64 on Tuesday. Foot Locker has a fifty-two week low of $17.42 and a fifty-two week high of $34.99. The stock has a market cap of $1.67 billion, a PE ratio of -3.91, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48. The firm’s 50-day simple moving average is $20.44 and its 200 day simple moving average is $23.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate 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 revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. Research analysts predict that Foot Locker will post 1.23 EPS for the current fiscal year.

Institutional Trading of Foot Locker

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbour Investments Inc. increased its holdings in Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after acquiring an additional 648 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Foot Locker during the 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB purchased a new position in Foot Locker in the 3rd quarter worth approximately $58,000. R Squared Ltd purchased a new position in Foot Locker in the 4th quarter worth approximately $50,000. Finally, Sterling Capital Management LLC grew its stake in Foot Locker by 819.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock worth $57,000 after buying an additional 2,343 shares in the last quarter.

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.