Foot Locker, Inc. (NYSE:FL - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $18.98 and last traded at $18.90, with a volume of 511171 shares trading hands. The stock had previously closed at $20.05.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on FL shares. UBS Group cut their target price on Foot Locker from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Thursday, December 5th. Williams Trading raised shares of Foot Locker from a "sell" rating to a "hold" rating and lifted their target price for the stock from $17.00 to $21.00 in a report on Wednesday, November 27th. Guggenheim cut their price target on shares of Foot Locker from $34.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, December 5th. Barclays decreased their price objective on shares of Foot Locker from $34.00 to $29.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Finally, Piper Sandler cut their target price on Foot Locker from $30.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, December 2nd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $24.94.
Check Out Our Latest Report on FL
Foot Locker Stock Performance
The business's fifty day moving average is $21.47 and its 200-day moving average is $24.73. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.80 billion, a PE ratio of -4.20, a P/E/G ratio of 0.79 and a beta of 1.48.
Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.96 billion for 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 company's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. As a group, research analysts predict that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Chartwell Investment Partners LLC grew its stake in Foot Locker by 2.4% during the third quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer's stock valued at $870,000 after acquiring an additional 782 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Foot Locker by 32.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer's stock valued at $84,000 after purchasing an additional 801 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Foot Locker by 156.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer's stock valued at $40,000 after purchasing an additional 985 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Foot Locker by 8.9% in the third quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer's stock worth $332,000 after purchasing an additional 1,054 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of Foot Locker by 12.2% in the third quarter. Vontobel Holding Ltd. now owns 11,144 shares of the athletic footwear retailer's stock worth $288,000 after buying an additional 1,210 shares in the last quarter.
Foot Locker Company Profile
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Get Free Report)
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.
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