Foot Locker, Inc. (NYSE:FL - Get Free Report) shares shot up 5.3% during mid-day trading on Monday . The stock traded as high as $22.95 and last traded at $22.95. 593,138 shares traded hands during trading, a decline of 82% from the average session volume of 3,355,991 shares. The stock had previously closed at $21.80.
Analyst Ratings Changes
Several analysts have issued reports on FL shares. Robert W. Baird dropped their price target on shares of Foot Locker from $27.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, December 5th. Barclays cut their price target on Foot Locker from $34.00 to $29.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Citigroup upped their price objective on shares of Foot Locker from $27.00 to $33.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Evercore ISI lowered their target price on Foot Locker from $38.00 to $32.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 26th. Finally, Guggenheim lowered their price target on shares of Foot Locker from $34.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $25.29.
Get Our Latest Stock Report on Foot Locker
Foot Locker Price Performance
The stock has a market cap of $2.13 billion, a P/E ratio of -5.16, a P/E/G ratio of 0.86 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The business has a 50 day simple moving average of $23.58 and a 200-day simple moving average of $25.82.
Foot Locker (NYSE:FL - Get Free Report) last issued its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the business earned $0.30 EPS. Foot Locker's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current year.
Institutional Investors Weigh In On Foot Locker
A number of large investors have recently made changes to their positions in the business. Intech Investment Management LLC bought a new position in shares of Foot Locker during the third quarter valued at $829,000. Renaissance Technologies LLC purchased a new stake in Foot Locker during the 2nd quarter valued at about $1,024,000. Versor Investments LP bought a new stake in Foot Locker during the 3rd quarter valued at about $793,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Foot Locker by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,113,583 shares of the athletic footwear retailer's stock worth $28,775,000 after buying an additional 38,318 shares in the last quarter. Finally, Edgestream Partners L.P. grew its holdings in shares of Foot Locker by 477.2% during the third quarter. Edgestream Partners L.P. now owns 117,602 shares of the athletic footwear retailer's stock valued at $3,039,000 after buying an additional 97,226 shares during the last quarter.
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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