Foot Locker (NYSE:FL) Price Target Lowered to $20.00 at Robert W. Baird

Foot Locker (NYSE:FL) had its price target reduced by analysts at Robert W. Baird from $24.00 to $20.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the athletic footwear retailer’s stock. Robert W. Baird’s target price points to a potential upside of 9.62% from the stock’s current price.

FL has been the subject of a number of other research reports. The Goldman Sachs Group cut their target price on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Jefferies Financial Group cut their price objective on Foot Locker from $22.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday. Evercore ISI lowered their target price on Foot Locker from $30.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday. Barclays dropped their target price on Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 price target on shares of Foot Locker in a research report on Wednesday. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Foot Locker presently has a consensus rating of “Hold” and an average price target of $23.94.

Foot Locker Stock Up 5.0 %

Shares of Foot Locker stock opened at $18.25 on Thursday. The stock has a market capitalization of $1.73 billion, a PE ratio of -4.05, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. Foot Locker has a 52-week low of $16.92 and a 52-week high of $33.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The company has a 50-day simple moving average of $19.91 and a two-hundred day simple moving average of $23.33.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Harbour Investments Inc. increased its stake in Foot Locker by 81.6% in the 4th 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 purchased a new stake in shares of Foot Locker during the fourth quarter worth about $32,000. R Squared Ltd bought a new stake in Foot Locker during the 4th quarter valued at approximately $50,000. Sterling Capital Management LLC lifted its holdings in 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 worth $57,000 after purchasing an additional 2,343 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Foot Locker in the 3rd quarter worth approximately $58,000.

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.