Foot Locker (NYSE:FL) PT Lowered to $20.00 at Morgan Stanley

Foot Locker (NYSE:FL) had its price target cut by Morgan Stanley from $26.00 to $20.00 in a research report report published on Monday, Benzinga reports. They currently have an equal weight rating on the athletic footwear retailer’s stock.

A number of other research analysts also recently weighed in on the stock. Evercore ISI upgraded shares of Foot Locker from an in-line rating to an outperform rating and upped their price objective for the stock from $28.00 to $32.00 in a research report on Monday, March 25th. UBS Group upgraded shares of Foot Locker from a sell rating to a neutral rating and upped their price objective for the stock from $12.00 to $23.00 in a research report on Monday, March 11th. Bank of America decreased their price objective on shares of Foot Locker from $31.00 to $27.00 and set a neutral rating for the company in a research report on Thursday, March 7th. StockNews.com downgraded shares of Foot Locker from a hold rating to a sell rating in a research report on Tuesday, April 30th. Finally, Piper Sandler cut their target price on shares of Foot Locker from $37.00 to $31.00 and set an overweight rating for the company in a research note on Thursday, March 7th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Foot Locker currently has an average rating of Hold and a consensus price target of $24.56.

Foot Locker Trading Up 1.0 %

NYSE FL opened at $23.84 on Monday. The company has a market capitalization of $2.25 billion, a PE ratio of -6.81, a P/E/G ratio of 0.56 and a beta of 1.50. The company has a fifty day moving average of $24.43 and a 200 day moving average of $26.41. Foot Locker has a 1 year low of $14.84 and a 1 year high of $42.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.72 and a quick ratio of 0.55.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.28 billion. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. Research analysts forecast that Foot Locker will post 1.55 earnings per share for the current year.

Institutional Trading of Foot Locker

Several large investors have recently bought and sold shares of FL. Quadrant Capital Group LLC grew its stake in Foot Locker by 3,004.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock valued at $44,000 after acquiring an additional 1,352 shares in the last quarter. CWM LLC grew its stake in shares of Foot Locker by 26.7% in the 4th quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock valued at $57,000 after buying an additional 387 shares during the period. Signaturefd LLC grew its stake in shares of Foot Locker by 105.9% in the 3rd quarter. Signaturefd LLC now owns 5,272 shares of the athletic footwear retailer’s stock valued at $91,000 after buying an additional 2,712 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Foot Locker in the 4th quarter valued at approximately $100,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Foot Locker in the 1st quarter valued at approximately $100,000.

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.