Foot Locker, Inc. (NYSE:FL) Given Average Rating of “Hold” by Brokerages

Foot Locker, Inc. (NYSE:FL) has been assigned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $25.18.

A number of equities analysts have weighed in on FL shares. Robert W. Baird reduced their price objective on Foot Locker from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Barclays dropped their target price on Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Evercore ISI dropped their target price on Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 26th. Morgan Stanley dropped their target price on Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Finally, Williams Trading upgraded Foot Locker from a “sell” rating to a “hold” rating and raised their target price for the company from $17.00 to $21.00 in a research report on Wednesday, November 27th.

Institutional Investors Weigh In On Foot Locker

Hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. acquired a new stake in shares of Foot Locker during the 2nd quarter worth about $10,005,000. Stifel Financial Corp raised its position in shares of Foot Locker by 43.3% during the 3rd quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock worth $23,202,000 after acquiring an additional 271,297 shares in the last quarter. KBC Group NV raised its position in shares of Foot Locker by 5,148.1% during the 4th quarter. KBC Group NV now owns 121,493 shares of the athletic footwear retailer’s stock worth $2,644,000 after acquiring an additional 119,178 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Foot Locker by 10.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock worth $29,341,000 after acquiring an additional 106,402 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Foot Locker during the 3rd quarter worth about $2,636,000.

Foot Locker Stock Performance

NYSE FL opened at $20.84 on Thursday. The stock has a 50-day simple moving average of $22.19 and a two-hundred day simple moving average of $25.07. The firm has a market capitalization of $1.98 billion, a P/E ratio of -4.62, a PEG ratio of 0.81 and a beta of 1.49. Foot Locker has a fifty-two week low of $19.33 and a fifty-two week high of $35.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. On average, equities analysts forecast that Foot Locker will post 1.23 earnings per share for the current year.

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.