Analysts Set Foot Locker, Inc. (NYSE:FL) PT at $21.20

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

Several brokerages recently commented on FL. The Goldman Sachs Group dropped their target price on Foot Locker from $19.00 to $17.00 and set a "sell" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen downgraded Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Barclays downgraded Foot Locker from an "overweight" rating to an "equal weight" rating in a report on Thursday, May 29th. Robert W. Baird set a $24.00 target price on Foot Locker in a research report on Thursday, May 29th. Finally, Piper Sandler lowered their target price on Foot Locker from $19.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th.

Foot Locker Price Performance

Shares of NYSE:FL traded up $0.07 on Thursday, reaching $25.19. 3,166,636 shares of the company were exchanged, compared to its average volume of 4,114,570. Foot Locker has a 1-year low of $11.00 and a 1-year high of $33.94. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $23.60 and a 200-day moving average of $18.98. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of -6.68, a price-to-earnings-growth ratio of 2.10 and a beta of 1.72.

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

Insider Buying and Selling at Foot Locker

In other news, CAO Giovanna Cipriano sold 22,383 shares of Foot Locker stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total transaction of $557,336.70. Following the completion of the transaction, the chief accounting officer directly owned 93,895 shares in the company, valued at approximately $2,337,985.50. The trade was a 19.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Summit Investment Advisors Inc. increased its position in shares of Foot Locker by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer's stock worth $190,000 after acquiring an additional 562 shares in the last quarter. Harbour Investments Inc. raised its position in 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 acquiring an additional 648 shares during the period. Signaturefd LLC raised its position in Foot Locker by 27.2% in the first quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock worth $65,000 after acquiring an additional 980 shares during the period. Foundry Partners LLC raised its position in Foot Locker by 8.8% in the fourth quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer's stock worth $278,000 after acquiring an additional 1,031 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in Foot Locker in the fourth quarter worth about $32,000.

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.