Foot Locker (NYSE:FL) Trading 9.2% Higher - Time to Buy?

Shares of Foot Locker, Inc. (NYSE:FL - Get Free Report) traded up 9.2% during trading on Monday . The stock traded as high as $12.88 and last traded at $12.81. 730,151 shares were traded during mid-day trading, a decline of 79% from the average session volume of 3,458,113 shares. The stock had previously closed at $11.73.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group decreased 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. Robert W. Baird decreased their price objective on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Needham & Company LLC restated a "buy" rating and issued a $24.00 price target on shares of Foot Locker in a research note on Wednesday, March 5th. The Goldman Sachs Group decreased their price target on Foot Locker from $19.00 to $17.00 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. Finally, Telsey Advisory Group restated a "market perform" rating and set a $24.00 price objective on shares of Foot Locker in a research note on Wednesday, March 5th. 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $21.38.

Foot Locker Stock Up 4.6 %

The stock's fifty day moving average is $14.29 and its two-hundred day moving average is $19.29. The stock has a market capitalization of $1.24 billion, a P/E ratio of -2.88, a PEG ratio of 0.53 and a beta of 1.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45.

Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business posted $0.38 EPS. The company's revenue was down 5.7% on a year-over-year basis. As a group, research analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Institutional Trading of Foot Locker

Several large investors have recently modified their holdings of FL. Segall Bryant & Hamill LLC grew its holdings in Foot Locker by 26.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 1,082,713 shares of the athletic footwear retailer's stock valued at $15,266,000 after buying an additional 226,111 shares during the last quarter. Victory Capital Management Inc. grew its position in Foot Locker by 29.2% in the 1st quarter. Victory Capital Management Inc. now owns 20,577 shares of the athletic footwear retailer's stock worth $290,000 after purchasing an additional 4,646 shares during the last quarter. 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 purchasing an additional 980 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Foot Locker by 2.7% in the first quarter. Principal Financial Group Inc. now owns 411,173 shares of the athletic footwear retailer's stock valued at $5,798,000 after buying an additional 10,940 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in Foot Locker during the first quarter worth about $176,000.

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.