Foot Locker, Inc. (NYSE:FL) Receives $25.18 Average Price Target from Analysts

Shares of Foot Locker, Inc. (NYSE:FL) have been given a consensus rating of “Hold” by the seventeen ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $25.18.

Several equities research analysts recently weighed in on FL shares. The Goldman Sachs Group decreased their target price on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of Foot Locker in a report on Wednesday, December 18th. 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, December 4th. UBS Group reduced their price target on shares of Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Finally, Gordon Haskett initiated coverage on Foot Locker in a report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FL. Quarry LP acquired a new position in shares of Foot Locker during the 2nd quarter worth $31,000. Northwestern Mutual Wealth Management Co. raised its position in Foot Locker by 156.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after acquiring an additional 985 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Foot Locker in the second quarter valued at about $43,000. nVerses Capital LLC purchased a new stake in shares of Foot Locker in the third quarter valued at about $47,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Foot Locker during the 3rd quarter worth approximately $58,000.

Foot Locker Price Performance

Shares of FL opened at $21.65 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $23.08 and its 200-day simple moving average is $25.43. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -4.80, a PEG ratio of 0.86 and a beta of 1.46. Foot Locker has a twelve month low of $19.33 and a twelve month high of $35.60.

Foot Locker (NYSE:FL) last posted its quarterly earnings results 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 business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. Equities analysts forecast that Foot Locker will post 1.23 EPS for the current fiscal year.

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.