Foot Locker, Inc. (NYSE:FL) Receives Average Recommendation of “Hold” from Analysts

Foot Locker, Inc. (NYSE:FL) has been given a consensus rating of “Hold” by the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.81.

Several equities analysts have recently weighed in on FL shares. Williams Trading raised shares of Foot Locker from a “sell” rating to a “hold” rating and increased their price objective for the company from $17.00 to $21.00 in a research report on Wednesday, November 27th. Barclays set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Guggenheim dropped their price objective on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Telsey Advisory Group restated a “market perform” rating and issued a $24.00 price target on shares of Foot Locker in a research note on Wednesday, March 5th. Finally, Evercore ISI decreased their price target on shares of Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd.

Institutional Investors Weigh In On Foot Locker

Large investors have recently bought and sold shares of the company. Harbour Investments Inc. grew its stake in Foot Locker by 81.6% during the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after buying an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Foot Locker in the 4th quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Foot Locker in the 3rd quarter valued at approximately $58,000. R Squared Ltd acquired a new stake in shares of Foot Locker in the 4th quarter valued at approximately $50,000. Finally, Sterling Capital Management LLC boosted its stake in shares of Foot Locker by 819.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock valued at $57,000 after purchasing an additional 2,343 shares in the last quarter.

Foot Locker Stock Performance

NYSE FL opened at $16.07 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 moving average price is $18.79 and its two-hundred day moving average price is $22.21. Foot Locker has a 1 year low of $14.98 and a 1 year high of $33.94. The firm has a market capitalization of $1.53 billion, a P/E ratio of -3.56, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.13. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, research analysts anticipate that Foot Locker will post 1.23 EPS for the current 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.