Foot Locker, Inc. (NYSE:FL - Get Free Report)'s share price hit a new 52-week low on Wednesday . The company traded as low as $11.89 and last traded at $12.27, with a volume of 3057010 shares changing hands. The stock had previously closed at $12.79.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Evercore ISI reduced their price objective on Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. StockNews.com downgraded Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. JPMorgan Chase & Co. lowered their price objective on shares of Foot Locker from $19.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group cut their price target on Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a research note on Wednesday, March 5th. Finally, Robert W. Baird lowered their target price on Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $21.25.
Check Out Our Latest Stock Report on FL
Foot Locker Trading Down 2.4 %
The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -2.60, a PEG ratio of 0.53 and a beta of 1.42. The company has a fifty day moving average price of $14.19 and a 200-day moving average price of $19.12.
Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. Foot Locker's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. As a group, research analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current year.
Institutional Trading of Foot Locker
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Summit Investment Advisors Inc. increased its position in 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 purchasing an additional 562 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Foot Locker by 81.6% in the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock valued at $31,000 after buying an additional 648 shares during the period. Signaturefd LLC increased its holdings in shares of Foot Locker by 27.2% during the 1st quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock worth $65,000 after buying an additional 980 shares during the last quarter. Foundry Partners LLC lifted its holdings 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 valued at $278,000 after acquiring an additional 1,031 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Foot Locker during the fourth quarter worth $32,000.
About Foot Locker
(
Get Free Report)
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.
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