Foot Locker, Inc. (NYSE:FL) Receives $25.18 Consensus Target Price from Brokerages

Foot Locker, Inc. (NYSE:FL) has earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.94.

FL has been the topic of a number of recent research reports. Piper Sandler reduced their price objective on Foot Locker from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, December 2nd. Jefferies Financial Group decreased their price target on Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. UBS Group lowered their price objective 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 shares of Foot Locker in a report on Monday, October 7th. They issued an “accumulate” rating and a $27.00 target price on the stock. Finally, Morgan Stanley lowered their price target on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Friday, December 6th.

Hedge Funds Weigh In On Foot Locker

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Foot Locker by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after buying an additional 25,394 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Foot Locker by 10.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,135,474 shares of the athletic footwear retailer’s stock valued at $29,341,000 after purchasing an additional 106,402 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Foot Locker by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer’s stock valued at $28,775,000 after purchasing an additional 38,318 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Foot Locker by 43.3% in the 3rd quarter. Stifel Financial Corp now owns 897,904 shares of the athletic footwear retailer’s stock worth $23,202,000 after purchasing an additional 271,297 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Foot Locker by 25.7% in the 4th quarter. Jennison Associates LLC now owns 640,351 shares of the athletic footwear retailer’s stock worth $13,934,000 after buying an additional 130,927 shares during the last quarter.

Foot Locker Stock Down 1.3 %

Shares of NYSE:FL opened at $20.90 on Thursday. The firm has a market capitalization of $1.98 billion, a PE ratio of -4.63, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49. 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 has a 52-week low of $19.33 and a 52-week high of $35.60. The firm has a fifty day moving average of $22.09 and a 200 day moving average of $25.04.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.01 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 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. As a group, research analysts anticipate that Foot Locker will post 1.23 EPS 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.