Foot Locker (NYSE:FL - Get Free Report) had its price target lowered by investment analysts at Robert W. Baird from $24.00 to $20.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a "neutral" rating on the athletic footwear retailer's stock. Robert W. Baird's price target would indicate a potential upside of 18.03% from the stock's previous close.
FL has been the subject of a number of other research reports. Morgan Stanley lowered their price target on Foot Locker from $17.00 to $16.00 and set an "underweight" rating for the company in a research report on Friday, December 6th. Jefferies Financial Group decreased their price objective on shares of Foot Locker from $22.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, March 5th. The Goldman Sachs Group cut their target price on shares of Foot Locker from $25.00 to $22.00 and set a "sell" rating on the stock in a research note on Thursday, December 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $24.00 price target on shares of Foot Locker in a research report on Wednesday, March 5th. Finally, UBS Group reduced their price objective on Foot Locker from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $22.81.
Check Out Our Latest Analysis on FL
Foot Locker Stock Performance
FL stock traded down $1.72 on Thursday, hitting $16.95. The company's stock had a trading volume of 7,458,491 shares, compared to its average volume of 3,267,244. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. Foot Locker has a 1 year low of $16.79 and a 1 year high of $33.94. The firm has a 50 day moving average of $19.62 and a two-hundred day moving average of $22.96. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -3.76, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55.
Foot Locker (NYSE:FL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. The business had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.32 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. Equities analysts predict that Foot Locker will post 1.23 EPS for the current fiscal year.
Hedge Funds Weigh In On Foot Locker
A number of hedge funds have recently added to or reduced their stakes in the company. Creative Planning lifted its position in shares of Foot Locker by 42.1% during the 3rd quarter. Creative Planning now owns 13,823 shares of the athletic footwear retailer's stock worth $357,000 after purchasing an additional 4,093 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Foot Locker in the 3rd quarter valued at approximately $1,563,000. Chartwell Investment Partners LLC raised its stake in Foot Locker by 2.4% during the third 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 during the 3rd quarter valued at about $793,000. Finally, Empowered Funds LLC boosted its holdings in shares of 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.
About Foot Locker
(
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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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