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

Foot Locker, Inc. (NYSE:FL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $21.20.

A number of analysts recently commented on FL shares. Barclays cut shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a research report on Thursday, May 29th. Citigroup increased their price target on Foot Locker from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Evercore ISI cut their price objective on Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Jefferies Financial Group lowered their target price on Foot Locker from $22.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, March 5th. Finally, Robert W. Baird set a $24.00 target price on shares of Foot Locker in a report on Thursday, May 29th.

Foot Locker Price Performance

FL traded up $0.10 during midday trading on Friday, reaching $24.05. 2,417,337 shares of the company's stock were exchanged, compared to its average volume of 4,020,977. Foot Locker has a one year low of $11.00 and a one year high of $33.94. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $19.01 and a two-hundred day simple moving average of $18.63. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -6.38, a price-to-earnings-growth ratio of 1.99 and a beta of 1.74.

Foot Locker (NYSE:FL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company posted $0.22 earnings per share. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, research analysts predict that Foot Locker will post 1.23 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Foot Locker during the 4th quarter worth approximately $34,835,000. Cooper Creek Partners Management LLC bought a new stake in Foot Locker during the fourth quarter worth $30,416,000. Segall Bryant & Hamill LLC bought a new stake in Foot Locker during the fourth quarter worth $18,640,000. Jacobs Levy Equity Management Inc. lifted its stake in Foot Locker by 67.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer's stock valued at $41,483,000 after acquiring an additional 770,932 shares during the last quarter. Finally, Invenomic Capital Management LP grew its position in shares of Foot Locker by 766.9% in the 1st quarter. Invenomic Capital Management LP now owns 737,068 shares of the athletic footwear retailer's stock valued at $10,393,000 after acquiring an additional 652,045 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.