Foot Locker, Inc. (NYSE:FL) Receives $24.94 Consensus Target Price from Analysts

Foot Locker, Inc. (NYSE:FL - Get Free Report) has been assigned a consensus rating of "Hold" from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $24.94.

A number of equities analysts have commented on the stock. Jefferies Financial Group dropped their price objective on shares of Foot Locker from $27.00 to $22.00 and set a "hold" rating for the company in a research note on Wednesday, December 4th. UBS Group dropped their price objective on shares of Foot Locker from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Thursday, December 5th. Telsey Advisory Group dropped 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 note on Thursday, December 5th. Piper Sandler dropped their price objective on shares of Foot Locker from $30.00 to $28.00 and set a "neutral" rating for the company in a research note on Monday, December 2nd. Finally, Williams Trading raised shares of Foot Locker from a "sell" rating to a "hold" rating and lifted their price objective for the stock from $17.00 to $21.00 in a research note on Wednesday, November 27th.

Hedge Funds Weigh In On Foot Locker

Several hedge funds have recently added to or reduced their stakes in FL. Vanguard Group Inc. grew its position in shares of 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 worth $228,589,000 after acquiring an additional 210,832 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after acquiring an additional 2,500,396 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock worth $49,319,000 after acquiring an additional 25,394 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Foot Locker by 67.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer's stock worth $41,483,000 after acquiring an additional 770,932 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Foot Locker by 5.2% during 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 last quarter.

Foot Locker Stock Performance

FL traded down $0.46 during trading on Monday, hitting $19.13. The company's stock had a trading volume of 3,137,448 shares, compared to its average volume of 2,879,722. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker has a one year low of $18.04 and a one year high of $35.60. The firm has a market cap of $1.81 billion, a PE ratio of -4.24, a P/E/G ratio of 0.57 and a beta of 1.48. The business's 50 day simple moving average is $20.74 and its 200-day simple moving average is $24.20.

Foot Locker (NYSE:FL - Get Free Report) last announced 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%. The business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. As a group, sell-side analysts predict 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.