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

Shares of Foot Locker, Inc. (NYSE:FL - Get Free Report) have earned a consensus rating of "Hold" from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $22.81.

FL has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Foot Locker from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, January 24th. UBS Group decreased their target price on Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Evercore ISI dropped their price target on Foot Locker from $30.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $24.00 price target on shares of Foot Locker in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group lowered their price objective on Foot Locker from $25.00 to $22.00 and set a "sell" rating for the company in a research report on Thursday, December 5th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Foot Locker by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 10,505,006 shares of the athletic footwear retailer's stock valued at $228,589,000 after purchasing an additional 210,832 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Foot Locker by 88.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock valued at $115,365,000 after buying an additional 2,500,396 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Foot Locker by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock valued at $49,319,000 after buying an additional 25,394 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Foot Locker by 67.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer's stock worth $41,483,000 after buying an additional 770,932 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Foot Locker by 5.2% in the fourth quarter. American Century Companies Inc. now owns 1,659,206 shares of the athletic footwear retailer's stock worth $36,104,000 after acquiring an additional 81,814 shares during the period.

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Foot Locker Trading Up 4.8 %

NYSE:FL traded up $0.75 during mid-day trading on Friday, reaching $16.43. 3,536,710 shares of the company's stock traded hands, compared to its average volume of 3,286,374. The company has a 50 day moving average price of $19.15 and a 200-day moving average price of $22.50. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -3.64, a PEG ratio of 0.53 and a beta of 1.55. 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 has a 12-month low of $14.98 and a 12-month high of $33.94.

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

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.