Foot Locker, Inc. (NYSE:FL) Receives $24.94 Consensus Target Price from Analysts

Foot Locker, Inc. (NYSE:FL) has been assigned a consensus rating of “Hold” from the seventeen brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $24.94.

Several research firms have commented on FL. Jefferies Financial Group decreased their target price on shares of Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Needham & Company LLC decreased 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 report on Friday, January 24th. Morgan Stanley decreased their target price on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Barclays decreased their target price on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Finally, Robert W. Baird reduced their price objective on shares of Foot Locker from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th.

Institutional Investors Weigh In On Foot Locker

Several institutional investors and hedge funds have recently bought and sold shares of FL. SG Americas Securities LLC grew its holdings in shares of Foot Locker by 66.9% in the 3rd quarter. SG Americas Securities LLC now owns 7,603 shares of the athletic footwear retailer’s stock worth $196,000 after purchasing an additional 3,048 shares during the last quarter. Creative Planning grew its holdings in Foot Locker by 42.1% during the 3rd quarter. Creative Planning now owns 13,823 shares of the athletic footwear retailer’s stock worth $357,000 after acquiring an additional 4,093 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in Foot Locker by 12.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,144 shares of the athletic footwear retailer’s stock worth $288,000 after acquiring an additional 1,210 shares during the last quarter. nVerses Capital LLC bought a new stake in Foot Locker during the 3rd quarter worth about $47,000. Finally, Blue Trust Inc. grew its holdings in Foot Locker by 537.0% during the 3rd quarter. Blue Trust Inc. now owns 2,981 shares of the athletic footwear retailer’s stock worth $74,000 after acquiring an additional 2,513 shares during the last quarter.

Foot Locker Stock Performance

Shares of FL opened at $18.22 on Monday. The company’s 50 day moving average price is $20.62 and its 200 day moving average price is $24.05. Foot Locker has a 52 week low of $18.04 and a 52 week high of $35.60. The company has a market capitalization of $1.73 billion, a PE ratio of -4.04, a PEG ratio of 0.53 and a beta of 1.48. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.01 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. Research analysts expect 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.