Foot Locker, Inc. (NYSE:FL - Get Free Report) shares traded down 4.7% on Thursday . The company traded as low as $20.13 and last traded at $19.98. 1,593,764 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 2,900,906 shares. The stock had previously closed at $20.97.
Wall Street Analyst Weigh In
FL has been the subject of a number of recent research reports. UBS Group cut their target price on shares of Foot Locker from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Thursday, December 5th. Williams Trading raised Foot Locker from a "sell" rating to a "hold" rating and raised their price target for the stock from $17.00 to $21.00 in a research note on Wednesday, November 27th. Robert W. Baird lowered 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. Piper Sandler dropped their price target on Foot Locker from $30.00 to $28.00 and set a "neutral" rating on the stock in a research report on Monday, December 2nd. Finally, Telsey Advisory Group reduced their price objective on shares of Foot Locker from $30.00 to $24.00 and set a "market perform" rating for the company in a research note on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Foot Locker has a consensus rating of "Hold" and a consensus target price of $25.18.
View Our Latest Analysis on Foot Locker
Foot Locker Stock Performance
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 stock's 50 day moving average is $22.62 and its 200 day moving average is $25.16. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -4.51, a PEG ratio of 0.81 and a beta of 1.49.
Foot Locker (NYSE:FL - Get Free Report) last posted 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). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the company posted $0.30 EPS. Foot Locker's quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts predict that Foot Locker, Inc. will post 1.23 earnings per share for the current year.
Hedge Funds Weigh In On Foot Locker
Several institutional investors and hedge funds have recently bought and sold shares of FL. Chartwell Investment Partners LLC increased its holdings in shares of Foot Locker by 2.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer's stock worth $870,000 after buying an additional 782 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in Foot Locker by 32.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,267 shares of the athletic footwear retailer's stock worth $84,000 after acquiring an additional 801 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Foot Locker by 156.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer's stock worth $40,000 after purchasing an additional 985 shares during the period. Natixis Advisors LLC lifted its stake in shares of Foot Locker by 8.9% in the 3rd quarter. Natixis Advisors LLC now owns 12,867 shares of the athletic footwear retailer's stock valued at $332,000 after purchasing an additional 1,054 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of Foot Locker by 12.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,144 shares of the athletic footwear retailer's stock worth $288,000 after purchasing an additional 1,210 shares during the period.
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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