Analysts Set Foot Locker, Inc. (NYSE:FL) Target Price at $26.53

Foot Locker, Inc. (NYSE:FL - Get Free Report) has received an average rating of "Hold" from the sixteen analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $26.53.

FL has been the topic of several analyst reports. Robert W. Baird dropped their target price on Foot Locker from $35.00 to $27.00 and set a "neutral" rating on the stock in a report on Wednesday, September 25th. Citigroup boosted their target price on Foot Locker from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. Telsey Advisory Group reissued a "market perform" rating and issued a $27.00 target price on shares of Foot Locker in a report on Wednesday, August 28th. Gordon Haskett initiated coverage on Foot Locker in a report on Monday, October 7th. They issued an "accumulate" rating and a $27.00 target price on the stock. Finally, StockNews.com downgraded Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, September 20th.

Insider Buying and Selling at Foot Locker

In other Foot Locker news, major shareholder Vesa Equity Investment S.A R.L sold 539,180 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $33.22, for a total value of $17,911,559.60. Following the completion of the sale, the insider now owns 10,393,592 shares in the company, valued at $345,275,126.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 787,566 shares of company stock valued at $26,090,866. 1.20% of the stock is owned by company insiders.

Institutional Trading of Foot Locker

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. grew its position in shares of Foot Locker by 326.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 921,273 shares of the athletic footwear retailer's stock worth $26,256,000 after purchasing an additional 705,237 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Foot Locker by 23.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,900,439 shares of the athletic footwear retailer's stock worth $72,279,000 after purchasing an additional 557,489 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Foot Locker during the second quarter worth about $10,005,000. Invenomic Capital Management LP grew its position in shares of Foot Locker by 54.3% during the first quarter. Invenomic Capital Management LP now owns 752,320 shares of the athletic footwear retailer's stock worth $21,441,000 after purchasing an additional 264,598 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new stake in shares of Foot Locker during the first quarter worth about $6,073,000.

Foot Locker Stock Down 0.6 %

FL stock traded down $0.15 during midday trading on Friday, hitting $24.70. The stock had a trading volume of 2,872,009 shares, compared to its average volume of 3,245,399. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -6.38, a price-to-earnings-growth ratio of 0.60 and a beta of 1.44. The business has a 50-day moving average of $25.22 and a two-hundred day moving average of $25.65. Foot Locker has a 52-week low of $19.44 and a 52-week high of $35.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. As a group, equities research analysts forecast that Foot Locker will post 1.49 earnings per share for the current fiscal 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.