Foot Locker (NYSE:FL) Trading Up 3.3% – Should You Buy?

Foot Locker, Inc. (NYSE:FL)’s share price traded up 3.3% during trading on Thursday . The company traded as high as $22.61 and last traded at $22.51. 220,118 shares were traded during mid-day trading, a decline of 93% from the average session volume of 3,353,975 shares. The stock had previously closed at $21.79.

Analyst Ratings Changes

FL has been the subject of a number of recent analyst reports. Barclays decreased their target price on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Jefferies Financial Group decreased their price objective on shares of Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Robert W. Baird dropped their target price on shares of Foot Locker from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Guggenheim decreased their price target on Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Finally, The Goldman Sachs Group lowered their price objective on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.18.

Foot Locker Trading Down 0.1 %

The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -5.07, a P/E/G ratio of 0.86 and a beta of 1.46. The firm’s 50-day moving average is $23.28 and its 200-day moving average is $25.54. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last posted its earnings results 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). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Foot Locker

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new position in shares of Foot Locker in the 2nd quarter worth approximately $10,005,000. Stifel Financial Corp boosted its position in Foot Locker by 43.3% in the third quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock worth $23,202,000 after purchasing an additional 271,297 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Foot Locker by 10.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock worth $29,341,000 after purchasing an additional 106,402 shares during the last quarter. Neo Ivy Capital Management bought a new position in Foot Locker in the 3rd quarter valued at $2,636,000. Finally, Edgestream Partners L.P. increased its position in shares of Foot Locker by 477.2% during the 3rd quarter. Edgestream Partners L.P. now owns 117,602 shares of the athletic footwear retailer’s stock valued at $3,039,000 after purchasing an additional 97,226 shares during 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.