Foot Locker, Inc. (NYSE:FL) Receives Average Rating of “Hold” from Brokerages

Foot Locker, Inc. (NYSE:FL) has received an average recommendation of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.18.

Several brokerages have recently weighed in on FL. UBS Group reduced their price target on Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Gordon Haskett assumed coverage on Foot Locker in a report on Monday, October 7th. They set an “accumulate” rating and a $27.00 target price for the company. Telsey Advisory Group cut their price objective on shares of Foot Locker from $30.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. JPMorgan Chase & Co. decreased their target price on shares of Foot Locker from $27.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group cut their price target on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a report on Thursday, December 5th.

Foot Locker Trading Down 0.1 %

Shares of Foot Locker stock opened at $22.88 on Friday. The stock has a market capitalization of $2.17 billion, a P/E ratio of -5.07, a P/E/G ratio of 0.86 and a beta of 1.46. Foot Locker has a 52-week low of $19.33 and a 52-week high of $35.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The stock’s 50-day simple moving average is $23.28 and its 200 day simple moving average is $25.54.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, research analysts anticipate that Foot Locker will post 1.23 EPS for the current year.

Institutional Trading of Foot Locker

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP bought a new stake in Foot Locker in the second quarter worth $31,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Foot Locker by 156.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after buying an additional 985 shares during the period. Headlands Technologies LLC bought a new stake in shares of Foot Locker in the 2nd quarter valued at about $43,000. nVerses Capital LLC purchased a new stake in Foot Locker during the 3rd quarter valued at about $47,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Foot Locker during the 3rd quarter worth approximately $58,000.

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.