Foot Locker, Inc. (NYSE:FL) Given Consensus Recommendation of “Hold” by Brokerages

Foot Locker, Inc. (NYSE:FL) has been given a consensus recommendation of “Hold” by the seventeen brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment 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 twelve-month price target among brokerages that have covered the stock in the last year is $25.18.

A number of equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of Foot Locker in a research note on Wednesday, December 18th. Telsey Advisory Group decreased their price objective on shares of Foot Locker from $30.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. StockNews.com lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. UBS Group reduced their target price on shares of Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Finally, Williams Trading raised shares of Foot Locker from a “sell” rating to a “hold” rating and upped their price target for the company from $17.00 to $21.00 in a report on Wednesday, November 27th.

Foot Locker Trading Down 0.1 %

NYSE FL opened at $21.65 on Friday. Foot Locker has a 52 week low of $19.33 and a 52 week high of $35.60. The company has a 50 day moving average price of $23.08 and a 200 day moving average price of $25.43. 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 $2.05 billion, a PE ratio of -4.80, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46.

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 the consensus estimate of $0.40 by ($0.07). The company 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%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. As a group, sell-side analysts forecast that Foot Locker will post 1.23 EPS for the current fiscal year.

Institutional Trading of Foot Locker

A number of institutional investors and hedge funds have recently bought and sold shares of FL. Geode Capital Management LLC increased its position in shares of Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after acquiring an additional 25,394 shares during the period. Intech Investment Management LLC acquired a new position in Foot Locker during the 3rd quarter worth $829,000. Renaissance Technologies LLC purchased a new stake in Foot Locker during the 2nd quarter worth about $1,024,000. Versor Investments LP acquired a new stake in Foot Locker in the 3rd quarter valued at about $793,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Foot Locker by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock valued at $28,775,000 after buying an additional 38,318 shares during the period.

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.