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

Shares of Foot Locker, Inc. (NYSE:FL - Get Free Report) have been assigned a consensus recommendation of "Hold" from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $21.25.

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Foot Locker from $16.00 to $14.00 and set an "underweight" rating for the company in a report on Tuesday. JPMorgan Chase & Co. cut their price target on Foot Locker from $19.00 to $16.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. Evercore ISI lowered their price objective on Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Robert W. Baird cut their target price on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $24.00 price target on shares of Foot Locker in a research report on Wednesday, March 5th.

Foot Locker Price Performance

Shares of FL stock traded down $0.33 during trading hours on Friday, hitting $11.71. The company had a trading volume of 4,025,156 shares, compared to its average volume of 3,495,810. Foot Locker has a 12 month low of $11.00 and a 12 month 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 firm's fifty day moving average is $14.19 and its 200 day moving average is $19.12. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -2.60, a PEG ratio of 0.53 and a beta of 1.42.

Foot Locker (NYSE:FL - Get Free Report) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The firm's revenue for the quarter was down 5.7% compared to the same quarter last year. On average, sell-side analysts predict that Foot Locker will post 1.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Harbour Investments Inc. lifted its position in shares of Foot Locker by 81.6% in the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock worth $31,000 after purchasing an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Foot Locker during the fourth quarter valued at approximately $32,000. GAMMA Investing LLC increased its position in shares of Foot Locker by 250.6% during the 1st quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock worth $35,000 after purchasing an additional 1,764 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Foot Locker in the 4th quarter valued at approximately $50,000. Finally, Sterling Capital Management LLC increased its holdings in Foot Locker by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock worth $57,000 after buying an additional 2,343 shares during the last quarter.

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.