Piper Sandler Issues Pessimistic Forecast for Foot Locker (NYSE:FL) Stock Price

Foot Locker (NYSE:FL) had its price objective decreased by investment analysts at Piper Sandler from $30.00 to $28.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the athletic footwear retailer’s stock. Piper Sandler’s target price would suggest a potential upside of 15.85% from the company’s previous close.

FL has been the topic of a number of other reports. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and upped their price target for the company from $17.00 to $21.00 in a report on Wednesday, November 27th. Barclays raised Foot Locker from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $27.00 to $34.00 in a report on Thursday, August 29th. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 target price on shares of Foot Locker in a report on Wednesday, August 28th. Gordon Haskett assumed coverage on Foot Locker in a report on Monday, October 7th. They issued an “accumulate” rating and a $27.00 target price on the stock. Finally, Needham & Company LLC assumed coverage on Foot Locker in a report on Friday, November 22nd. They issued a “buy” rating and a $27.00 target price on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Foot Locker currently has an average rating of “Hold” and an average price target of $26.87.

Foot Locker Trading Down 3.9 %

Shares of NYSE:FL opened at $24.17 on Monday. The company has a market cap of $2.29 billion, a P/E ratio of -6.25, a PEG ratio of 0.74 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49. Foot Locker has a 1 year low of $20.47 and a 1 year high of $35.60. The stock’s fifty day moving average price is $24.22 and its 200-day moving average price is $25.85.

Institutional Trading of Foot Locker

Institutional investors have recently made changes to their positions in the business. Patriot Financial Group Insurance Agency LLC increased its position in shares of Foot Locker by 3.1% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 14,235 shares of the athletic footwear retailer’s stock valued at $355,000 after purchasing an additional 431 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Foot Locker by 1.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 41,541 shares of the athletic footwear retailer’s stock worth $1,035,000 after purchasing an additional 483 shares during the period. Arizona State Retirement System raised its position in Foot Locker by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 23,808 shares of the athletic footwear retailer’s stock worth $593,000 after purchasing an additional 518 shares during the period. SummerHaven Investment Management LLC raised its position in Foot Locker by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 27,671 shares of the athletic footwear retailer’s stock worth $690,000 after purchasing an additional 667 shares during the period. Finally, Fifth Third Bancorp raised its position in Foot Locker by 116.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock worth $34,000 after purchasing an additional 733 shares during the period.

Foot Locker Company Profile

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.