Foot Locker, Inc. (NYSE:FL) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Foot Locker, Inc. has received a consensus recommendation of "Hold" from analysts, with a price target of $21.20 for the next year.
• Recent insider activity includes CAO Giovanna Cipriano selling 22,383 shares at an average price of $24.90, reducing her ownership by 19.25%.
• The company's latest earnings report showed a loss of ($0.07) EPS, matching analyst expectations, but a 4.6% decline in revenue year-over-year.

Shares of Foot Locker, Inc. (NYSE:FL - Get Free Report) have received a consensus rating of "Hold" from the fifteen analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $21.20.

FL has been the subject of several analyst reports. Barclays lowered Foot Locker from an "overweight" rating to an "equal weight" rating in a research note on Thursday, May 29th. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 price objective on shares of Foot Locker in a research note on Friday, May 30th. Morgan Stanley reduced their price objective on Foot Locker from $16.00 to $14.00 and set an "underweight" rating for the company in a research note on Tuesday, May 6th. Robert W. Baird set a $24.00 price objective on Foot Locker in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. upgraded Foot Locker from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $16.00 to $24.00 in a research note on Thursday, May 15th.

Insider Activity at Foot Locker

In related news, CAO Giovanna Cipriano sold 22,383 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $24.90, for a total value of $557,336.70. Following the completion of the transaction, the chief accounting officer owned 93,895 shares of the company's stock, valued at approximately $2,337,985.50. This trade represents a 19.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.89% of the company's stock.

Institutional Trading of Foot Locker

Several institutional investors have recently added to or reduced their stakes in FL. Goldman Sachs Group Inc. grew its holdings in Foot Locker by 4.5% in the first quarter. Goldman Sachs Group Inc. now owns 3,174,832 shares of the athletic footwear retailer's stock worth $44,765,000 after purchasing an additional 136,836 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Foot Locker by 20.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,290,707 shares of the athletic footwear retailer's stock worth $32,299,000 after purchasing an additional 384,301 shares during the last quarter. American Century Companies Inc. grew its holdings in Foot Locker by 4.2% in the second quarter. American Century Companies Inc. now owns 2,022,158 shares of the athletic footwear retailer's stock worth $49,543,000 after purchasing an additional 81,630 shares during the last quarter. Geode Capital Management LLC grew its holdings in Foot Locker by 1.8% in the second quarter. Geode Capital Management LLC now owns 1,995,504 shares of the athletic footwear retailer's stock worth $48,896,000 after purchasing an additional 35,966 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC grew its holdings in Foot Locker by 8.5% in the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,736,845 shares of the athletic footwear retailer's stock worth $24,490,000 after purchasing an additional 135,982 shares during the last quarter.

Foot Locker Stock Performance

Shares of NYSE FL traded down $0.39 during midday trading on Monday, hitting $25.61. 1,016,269 shares of the stock traded hands, compared to its average volume of 4,515,943. The firm has a 50-day moving average of $24.74 and a two-hundred day moving average of $19.53. The firm has a market capitalization of $2.44 billion, a P/E ratio of -6.79, a PEG ratio of 2.14 and a beta of 1.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.64. Foot Locker has a one year low of $11.00 and a one year high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.86 billion. Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The company's revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. On average, equities 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.