Foot Locker, Inc. (NYSE:FL - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $14.34 and last traded at $14.44, with a volume of 1552598 shares. The stock had previously closed at $15.27.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on FL. The Goldman Sachs Group dropped their price objective on Foot Locker from $25.00 to $22.00 and set a "sell" rating for the company in a report on Thursday, December 5th. Barclays set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their target price on shares of Foot Locker from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, January 24th. UBS Group decreased their price objective on shares of Foot Locker from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $24.00 target price on shares of Foot Locker in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $22.81.
Check Out Our Latest Report on Foot Locker
Foot Locker Stock Performance
The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -3.14, a PEG ratio of 0.53 and a beta of 1.55. The company's 50-day simple moving average is $17.90 and its 200-day simple moving average is $21.48. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15.
Foot Locker (NYSE:FL - Get Free Report) last announced its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, topping the consensus estimate of $0.73 by $0.13. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. On average, analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current year.
Institutional Investors Weigh In On Foot Locker
Institutional investors have recently modified their holdings of the company. Harbour Investments Inc. lifted its holdings 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 valued at $31,000 after buying an additional 648 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Foot Locker in the 4th quarter worth about $32,000. R Squared Ltd acquired a new position in shares of Foot Locker in the 4th quarter valued at about $50,000. Sterling Capital Management LLC grew its stake in Foot Locker by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer's stock worth $57,000 after purchasing an additional 2,343 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Foot Locker during the third quarter worth approximately $58,000.
Foot Locker Company Profile
(
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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.
Further Reading
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