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

Shares of Foot Locker, Inc. (NYSE:FL - Get Free Report) have earned a consensus recommendation of "Hold" from the fifteen analysts that are covering the stock, MarketBeat reports. Two 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 12 month target price among brokerages that have issued a report on the stock in the last year is $21.20.

Several analysts have recently weighed in on FL shares. Needham & Company LLC set a $24.00 price objective on shares of Foot Locker in a research note on Thursday, May 29th. Piper Sandler decreased their target price on Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. upgraded Foot Locker from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $16.00 to $24.00 in a report on Thursday, May 15th. The Goldman Sachs Group decreased their price objective on Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, April 22nd. Finally, Evercore ISI decreased their price target on shares of Foot Locker from $22.00 to $15.00 and set an "outperform" rating for the company in a research note on Friday, April 11th.

Insider Transactions 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 transaction of $557,336.70. Following the completion of the transaction, the chief accounting officer owned 93,895 shares in the company, valued at approximately $2,337,985.50. This represents a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Foot Locker by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer's stock worth $228,589,000 after purchasing an additional 210,832 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Foot Locker by 4.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,174,832 shares of the athletic footwear retailer's stock worth $44,765,000 after buying an additional 136,836 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Foot Locker by 20.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,290,707 shares of the athletic footwear retailer's stock worth $32,299,000 after buying an additional 384,301 shares during the period. American Century Companies Inc. boosted its holdings in Foot Locker by 17.0% in the 1st quarter. American Century Companies Inc. now owns 1,940,528 shares of the athletic footwear retailer's stock worth $27,361,000 after buying an additional 281,322 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of 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 acquiring an additional 135,982 shares during the period.

Foot Locker Trading Up 1.4%

Shares of FL traded up $0.36 during mid-day trading on Thursday, reaching $25.15. 2,324,703 shares of the company were exchanged, compared to its average volume of 4,106,773. Foot Locker has a 52 week low of $11.00 and a 52 week high of $33.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.64. The stock has a market capitalization of $2.40 billion, a PE ratio of -6.67, a PEG ratio of 2.08 and a beta of 1.72. The business has a 50 day simple moving average of $23.08 and a two-hundred day simple moving average of $18.96.

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 (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 firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business earned $0.22 EPS. The company's revenue was down 4.6% compared to the same quarter last year. On average, analysts predict that Foot Locker will post 1.23 earnings per share 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.