Weekly Research Analysts’ Ratings Updates for Foot Locker (FL)

A number of firms have modified their ratings and price targets on shares of Foot Locker (NYSE: FL) recently:

• 12/6/2024 – Foot Locker had its price target lowered by analysts at Morgan Stanley from $17.00 to $16.00. They now have an “underweight” rating on the stock.
• 12/6/2024 – Foot Locker had its price target lowered by analysts at Barclays PLC from $34.00 to $29.00. They now have an “overweight” rating on the stock.
• 12/5/2024 – Foot Locker had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $25.00 to $22.00. They now have a “sell” rating on the stock.
• 12/5/2024 – Foot Locker had its price target lowered by analysts at UBS Group AG from $26.00 to $22.00. They now have a “neutral” rating on the stock.
• 12/5/2024 – Foot Locker had its price target lowered by analysts at Robert W. Baird from $27.00 to $24.00. They now have a “neutral” rating on the stock.
• 12/5/2024 – Foot Locker had its price target lowered by analysts at Telsey Advisory Group from $30.00 to $24.00. They now have a “market perform” rating on the stock.
• 12/5/2024 – Foot Locker had its price target lowered by analysts at Guggenheim from $34.00 to $28.00. They now have a “buy” rating on the stock.
• 12/4/2024 – Foot Locker had its price target lowered by analysts at JPMorgan Chase & Co. from $27.00 to $23.00. They now have an “underweight” rating on the stock.
• 12/4/2024 – Foot Locker had its price target lowered by analysts at Jefferies Financial Group Inc. from $27.00 to $22.00. They now have a “hold” rating on the stock.
• 12/4/2024 – Foot Locker had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $27.00 price target on the stock.
• 12/2/2024 – Foot Locker had its price target lowered by analysts at Piper Sandler from $30.00 to $28.00. They now have a “neutral” rating on the stock.
• 11/27/2024 – Foot Locker was upgraded by analysts at Williams Trading from a “sell” rating to a “hold” rating. They now have a $21.00 price target on the stock, up previously from $17.00.
• 11/26/2024 – Foot Locker had its price target lowered by analysts at Evercore ISI from $38.00 to $32.00. They now have an “outperform” rating on the stock.
• 11/22/2024 – Foot Locker is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $27.00 price target on the stock.

Foot Locker Trading Up 1.3 %

FL stock opened at $21.80 on Monday. The company has a market capitalization of $2.07 billion, a PE ratio of -4.83, a P/E/G ratio of 0.86 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. Foot Locker, Inc. has a 12 month low of $19.33 and a 12 month high of $35.60. The firm’s 50-day moving average is $23.58 and its 200 day moving average is $25.82.

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 the consensus estimate of $0.40 by ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the firm posted $0.30 EPS. The business’s revenue was down 1.4% on a year-over-year basis. On average, research analysts anticipate that Foot Locker, Inc. will post 1.23 EPS for the current year.

Hedge Funds Weigh In On Foot Locker

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC lifted its stake in Foot Locker by 3.1% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 14,235 shares of the athletic footwear retailer’s stock worth $355,000 after acquiring an additional 431 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of 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 boosted its stake in shares of Foot Locker by 2.2% during the second quarter. Arizona State Retirement System now owns 23,808 shares of the athletic footwear retailer’s stock valued at $593,000 after purchasing an additional 518 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in Foot Locker by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 27,671 shares of the athletic footwear retailer’s stock valued at $690,000 after buying an additional 667 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Foot Locker by 116.0% during the second quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after buying an additional 733 shares during the period.

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.