Foot Locker (NYSE:FL - Free Report) had its target price cut by Jefferies Financial Group from $22.00 to $19.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a hold rating on the athletic footwear retailer's stock.
Other research analysts also recently issued research reports about the stock. Piper Sandler dropped their target price on shares of Foot Locker from $30.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, December 2nd. Robert W. Baird decreased 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 note on Thursday, December 5th. Barclays decreased their price target on shares of Foot Locker from $34.00 to $29.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. JPMorgan Chase & Co. decreased their price target on shares of Foot Locker from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, January 24th. Finally, UBS Group decreased their target price on shares of Foot Locker from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $23.13.
Read Our Latest Research Report on Foot Locker
Foot Locker Stock Performance
Shares of FL stock traded up $0.86 during mid-day trading on Wednesday, reaching $18.70. 4,346,839 shares of the company's stock traded hands, compared to its average volume of 3,456,685. The firm has a market capitalization of $1.77 billion, a PE ratio of -4.15, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55. 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 firm has a 50 day moving average price of $19.81 and a two-hundred day moving average price of $23.30. Foot Locker has a 12 month low of $16.92 and a 12 month high of $33.94.
Foot Locker (NYSE:FL - Get Free Report) last issued its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. The company had revenue of $2.25 billion during 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%. Foot Locker's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, research analysts forecast that Foot Locker will post 1.23 EPS for the current year.
Hedge Funds Weigh In On Foot Locker
A number of hedge funds have recently added to or reduced their stakes in FL. Creative Planning grew its stake in Foot Locker by 42.1% in the 3rd quarter. Creative Planning now owns 13,823 shares of the athletic footwear retailer's stock worth $357,000 after acquiring an additional 4,093 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Foot Locker in the 3rd quarter worth about $1,563,000. Chartwell Investment Partners LLC grew its stake in Foot Locker by 2.4% in the 3rd quarter. Chartwell Investment Partners LLC now owns 33,685 shares of the athletic footwear retailer's stock worth $870,000 after acquiring an additional 782 shares in the last quarter. Versor Investments LP bought a new position in Foot Locker in the 3rd quarter worth about $793,000. Finally, Empowered Funds LLC grew its stake in Foot Locker by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 385,521 shares of the athletic footwear retailer's stock worth $9,962,000 after acquiring an additional 19,612 shares in the last quarter.
Foot Locker Company Profile
(
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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