Foot Locker, Inc. (NYSE:FL) Receives Average Recommendation of "Hold" from Analysts

Shares of Foot Locker, Inc. (NYSE:FL - Get Free Report) have been assigned an average rating of "Hold" from the sixteen research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $21.19.

FL has been the subject of a number of recent research reports. Barclays downgraded Foot Locker from an "overweight" rating to an "equal weight" rating in a research report on Thursday. Morgan Stanley dropped their target price on shares of Foot Locker from $16.00 to $14.00 and set an "underweight" rating for the company in a research report on Tuesday, May 6th. Citigroup lifted their price objective on Foot Locker from $20.00 to $24.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Telsey Advisory Group reissued a "market perform" rating and issued a $20.00 target price on shares of Foot Locker in a research note on Thursday, May 15th. Finally, Piper Sandler reduced their target price on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, April 11th.

Foot Locker Stock Performance

Shares of Foot Locker stock traded up $0.02 during trading on Wednesday, reaching $23.92. The company's stock had a trading volume of 2,939,061 shares, compared to its average volume of 4,015,831. Foot Locker has a one year low of $11.00 and a one year high of $33.94. The business's fifty day moving average price is $14.98 and its 200-day moving average price is $18.63. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -5.30, a price-to-earnings-growth ratio of 0.53 and a beta of 1.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67.

Foot Locker (NYSE:FL - Get Free Report) last posted its earnings results on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.08). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company posted $0.22 EPS. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities research analysts predict that Foot Locker will post 1.23 earnings per share for the current year.

Institutional Investors Weigh In On Foot Locker

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Foot Locker by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer's stock valued at $228,589,000 after purchasing an additional 210,832 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Foot Locker by 88.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock valued at $115,365,000 after acquiring an additional 2,500,396 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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 acquiring an additional 136,836 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Foot Locker by 20.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,290,707 shares of the athletic footwear retailer's stock valued at $32,299,000 after purchasing an additional 384,301 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Foot Locker by 17.0% during 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 purchasing an additional 281,322 shares in the last quarter.

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.