Foot Locker, Inc. (NYSE:FL) Receives $25.18 Average PT from Brokerages

Foot Locker, Inc. (NYSE:FL) has been given a consensus rating of “Hold” by the seventeen research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $24.94.

Several brokerages recently weighed in on FL. Jefferies Financial Group lowered their price objective on Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Gordon Haskett began coverage on Foot Locker in a research report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price target on the stock. UBS Group reduced their price objective on Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Needham & Company LLC lowered their target price on shares of Foot Locker from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Friday. Finally, The Goldman Sachs Group reduced their price target on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th.

Hedge Funds Weigh In On Foot Locker

A number of institutional investors and hedge funds have recently bought and sold shares of FL. Renaissance Technologies LLC bought a new position in Foot Locker during the 2nd quarter valued at $1,024,000. XTX Topco Ltd boosted its stake in Foot Locker by 19.7% during the second quarter. XTX Topco Ltd now owns 11,823 shares of the athletic footwear retailer’s stock valued at $295,000 after buying an additional 1,946 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Foot Locker by 39.2% during the second quarter. Canada Pension Plan Investment Board now owns 39,400 shares of the athletic footwear retailer’s stock valued at $982,000 after buying an additional 11,100 shares in the last quarter. Sei Investments Co. grew its holdings in Foot Locker by 19.0% during the second quarter. Sei Investments Co. now owns 143,690 shares of the athletic footwear retailer’s stock worth $3,581,000 after acquiring an additional 22,991 shares during the period. Finally, Ensign Peak Advisors Inc raised its position in Foot Locker by 14.0% in the second quarter. Ensign Peak Advisors Inc now owns 34,916 shares of the athletic footwear retailer’s stock worth $870,000 after acquiring an additional 4,300 shares in the last quarter.

Foot Locker Stock Performance

Shares of FL opened at $20.10 on Thursday. Foot Locker has a 52-week low of $19.33 and a 52-week high of $35.60. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -4.46, a PEG ratio of 0.82 and a beta of 1.49. The business’s 50 day moving average is $22.04 and its two-hundred day moving average is $25.01.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS 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 the consensus estimate of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. 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.