Evercore ISI Has Lowered Expectations for Foot Locker (NYSE:FL) Stock Price

Foot Locker (NYSE:FL - Free Report) had its price target reduced by Evercore ISI from $22.00 to $15.00 in a research note released on Friday,Benzinga reports. They currently have an outperform rating on the athletic footwear retailer's stock.

FL has been the topic of several other research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $24.00 price objective on shares of Foot Locker in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on Foot Locker from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, January 24th. Telsey Advisory Group reissued a "market perform" rating and issued a $24.00 price objective on shares of Foot Locker in a report on Wednesday, March 5th. Jefferies Financial Group lowered their target price on shares of Foot Locker from $22.00 to $19.00 and set a "hold" rating on the stock in a research report on Wednesday, March 5th. Finally, Robert W. Baird reduced their price target 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. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Foot Locker currently has an average rating of "Hold" and a consensus price target of $21.69.

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Foot Locker Stock Down 0.6 %

Shares of NYSE FL traded down $0.07 during midday trading on Friday, hitting $11.14. 1,337,394 shares of the company's stock were exchanged, compared to its average volume of 3,431,048. The firm's fifty day simple moving average is $16.11 and its 200-day simple moving average is $20.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The company has a market cap of $1.06 billion, a PE ratio of -2.47, a P/E/G ratio of 0.53 and a beta of 1.41. Foot Locker has a twelve month low of $11.03 and a twelve month high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company's revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. Research analysts predict that Foot Locker will post 1.23 EPS for the current fiscal year.

Institutional Trading of Foot Locker

Several hedge funds have recently modified their holdings of the business. Harbour Investments Inc. raised its position in Foot Locker by 81.6% in the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock worth $31,000 after acquiring an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Foot Locker during the 4th quarter worth $32,000. GAMMA Investing LLC increased its holdings in shares of Foot Locker by 250.6% in the 1st quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock valued at $35,000 after purchasing an additional 1,764 shares in the last quarter. R Squared Ltd purchased a new position in shares of Foot Locker in the 4th quarter valued at about $50,000. Finally, Sterling Capital Management LLC lifted its stake in shares of Foot Locker by 819.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock valued at $57,000 after purchasing an additional 2,343 shares during the period.

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.