Analysts Set Foot Locker, Inc. (NYSE:FL) Target Price at $26.87

Shares of Foot Locker, Inc. (NYSE:FL) have been given a consensus rating of “Hold” by the seventeen analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $25.29.

FL has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Thursday. Evercore ISI reduced their target price on Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a report on Tuesday, November 26th. Jefferies Financial Group reduced their target price on Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Morgan Stanley reduced their target price on Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday. Finally, Gordon Haskett initiated coverage on Foot Locker in a report on Monday, October 7th. They issued an “accumulate” rating and a $27.00 target price on the stock.

Institutional Investors Weigh In On Foot Locker

Institutional investors have recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Foot Locker by 3.1% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 14,235 shares of the athletic footwear retailer’s stock valued at $355,000 after acquiring an additional 431 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Foot Locker by 1.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 41,541 shares of the athletic footwear retailer’s stock valued at $1,035,000 after purchasing an additional 483 shares during the period. Arizona State Retirement System raised its stake in Foot Locker by 2.2% during the 2nd 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 during the period. SummerHaven Investment Management LLC raised its stake in Foot Locker by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 27,671 shares of the athletic footwear retailer’s stock valued at $690,000 after purchasing an additional 667 shares during the period. Finally, Fifth Third Bancorp raised its stake in Foot Locker by 116.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after purchasing an additional 733 shares during the period.

Foot Locker Stock Performance

Foot Locker stock opened at $22.00 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.49 and a current ratio of 1.67. The stock has a fifty day moving average of $23.87 and a two-hundred day moving average of $25.85. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -4.88, a PEG ratio of 0.77 and a beta of 1.46. Foot Locker has a fifty-two week low of $19.33 and a fifty-two week high of $35.60.

Foot Locker (NYSE:FL) last announced 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 business had revenue of $1.96 billion during 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%. Foot Locker’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. On average, analysts anticipate that Foot Locker will post 1.23 EPS for the current fiscal 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.