Foot Locker, Inc. (NYSE:FL - Get Free Report)'s stock price gapped down prior to trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $19.00 to $16.00. The stock had previously closed at $12.38, but opened at $12.03. JPMorgan Chase & Co. currently has an underweight rating on the stock. Foot Locker shares last traded at $11.73, with a volume of 416,082 shares trading hands.
Several other brokerages have also issued reports on FL. Piper Sandler decreased their price target on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. StockNews.com lowered Foot Locker from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Evercore ISI decreased their price objective on Foot Locker from $22.00 to $15.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group reduced their target price on Foot Locker from $22.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, March 5th. Finally, Needham & Company LLC restated a "buy" rating and issued a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $21.69.
Read Our Latest Analysis on Foot Locker
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in FL. Summit Investment Advisors Inc. lifted its stake in shares of Foot Locker by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer's stock valued at $190,000 after purchasing an additional 562 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of Foot Locker by 81.6% during the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer's stock worth $31,000 after purchasing an additional 648 shares during the last quarter. Foundry Partners LLC grew its holdings in shares of Foot Locker by 8.8% in the fourth quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer's stock worth $278,000 after purchasing an additional 1,031 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Foot Locker in the 4th quarter worth about $32,000. Finally, GAMMA Investing LLC boosted its position in Foot Locker by 250.6% in the 1st quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock valued at $35,000 after buying an additional 1,764 shares during the period.
Foot Locker Stock Down 0.6 %
The company's 50 day moving average price is $16.11 and its two-hundred day moving average price is $20.32. The stock has a market cap of $1.06 billion, a P/E ratio of -2.47, a P/E/G ratio of 0.53 and a beta of 1.41. 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 (NYSE:FL - Get Free Report) last posted its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. As a group, research analysts expect that Foot Locker, Inc. will post 1.23 earnings per share for the current year.
About Foot Locker
(
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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