Foot Locker (NYSE:FL) Shares Down 4.3% - What's Next?

Foot Locker, Inc. (NYSE:FL - Get Free Report) shares fell 4.3% on Monday . The stock traded as low as $21.43 and last traded at $21.45. 918,060 shares changed hands during trading, a decline of 73% from the average session volume of 3,364,218 shares. The stock had previously closed at $22.41.

Analyst Upgrades and Downgrades

FL has been the subject of several recent analyst reports. StockNews.com cut shares of Foot Locker from a "hold" rating to a "sell" rating in a research note on Friday, September 20th. Robert W. Baird reduced their price objective on shares of Foot Locker from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, December 5th. Morgan Stanley lowered their price objective on Foot Locker from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Friday, December 6th. Williams Trading raised Foot Locker from a "sell" rating to a "hold" rating and increased their target price for the stock from $17.00 to $21.00 in a research note on Wednesday, November 27th. Finally, Barclays reduced 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. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $25.18.

Foot Locker Stock Down 3.8 %

The firm has a market capitalization of $2.04 billion, a PE ratio of -4.78, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $23.51 and a two-hundred day moving average of $25.65.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). The firm 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 firm's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, equities research analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current year.

Hedge Funds Weigh In On Foot Locker

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in Foot Locker in the 3rd quarter worth $58,000. Virtu Financial LLC acquired a new position in shares of Foot Locker in the third quarter worth about $701,000. Neo Ivy Capital Management purchased a new position in Foot Locker in the third quarter valued at about $2,636,000. Geode Capital Management LLC boosted its holdings in Foot Locker by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer's stock valued at $49,319,000 after purchasing an additional 25,394 shares during the last quarter. Finally, MML Investors Services LLC acquired a new stake in Foot Locker during the 3rd quarter valued at approximately $283,000.

Foot Locker Company Profile

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.