Foot Locker, Inc. (NYSE:FL) Receives $24.94 Average PT from Brokerages

Foot Locker, Inc. (NYSE:FL) has been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $24.94.

FL has been the topic of several research analyst reports. Bank of America decreased their price objective on shares of Foot Locker from $31.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $28.00 price objective (down from $38.00) on shares of Foot Locker in a report on Thursday, March 7th. StockNews.com raised Foot Locker from a “sell” rating to a “hold” rating in a research note on Monday. Citigroup raised Foot Locker from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $19.00 to $24.00 in a research note on Friday, March 22nd. Finally, Piper Sandler cut their price objective on Foot Locker from $37.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, March 7th.

Institutional Trading of Foot Locker

Several large investors have recently modified their holdings of FL. New Mexico Educational Retirement Board purchased a new stake in Foot Locker in the 1st quarter worth approximately $549,000. Sunbelt Securities Inc. purchased a new stake in Foot Locker in the first quarter worth $100,000. Bridgeway Capital Management LLC boosted its holdings in Foot Locker by 16.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 529,806 shares of the athletic footwear retailer’s stock valued at $16,503,000 after acquiring an additional 74,214 shares in the last quarter. Bayesian Capital Management LP bought a new stake in Foot Locker in the fourth quarter valued at $4,115,000. Finally, Comerica Bank increased its position in Foot Locker by 1.5% during the 4th quarter. Comerica Bank now owns 41,010 shares of the athletic footwear retailer’s stock valued at $1,277,000 after purchasing an additional 610 shares during the period.

Foot Locker Stock Down 4.2 %

Shares of NYSE FL opened at $21.92 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.72 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.07 billion, a P/E ratio of -6.26, a P/E/G ratio of 0.53 and a beta of 1.43. Foot Locker has a 52 week low of $14.84 and a 52 week high of $42.79. The business has a 50-day simple moving average of $26.45 and a two-hundred day simple moving average of $26.33.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, March 6th. The athletic footwear retailer reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the business earned $0.97 earnings per share. Foot Locker’s revenue was up 2.0% compared to the same quarter last year. Research analysts anticipate that Foot Locker will post 1.56 earnings per share for the current fiscal 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.