Foot Locker (NYSE:FL) Price Target Lowered to $29.00 at Barclays

Foot Locker (NYSE:FL) had its price target cut by Barclays from $34.00 to $29.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the athletic footwear retailer’s stock.

FL has been the subject of a number of other reports. Piper Sandler lowered their price target on Foot Locker from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Citigroup increased their target price on shares of Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Gordon Haskett started coverage on shares of Foot Locker in a report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price target on the stock. StockNews.com lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group dropped their target price 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. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.29.

Foot Locker Trading Up 3.9 %

Foot Locker stock opened at $22.00 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $23.87 and its 200 day moving average is $25.80. Foot Locker has a 12-month low of $19.33 and a 12-month high of $35.60.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. Foot Locker’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. As a group, research analysts predict that Foot Locker will post 1.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FL. Wilmington Savings Fund Society FSB purchased a new position in shares of Foot Locker in the third quarter valued at $58,000. Virtu Financial LLC bought a new position in Foot Locker in the 3rd quarter worth about $701,000. Neo Ivy Capital Management purchased a new position in Foot Locker during the 3rd quarter valued at about $2,636,000. Geode Capital Management LLC increased its position in shares of Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock valued at $49,319,000 after buying an additional 25,394 shares during the period. Finally, MML Investors Services LLC purchased a new stake in shares of Foot Locker in the third quarter worth about $283,000.

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.