UBS Group Cuts Foot Locker (NYSE:FL) Price Target to $21.00

Foot Locker (NYSE:FL - Free Report) had its price objective trimmed by UBS Group from $22.00 to $21.00 in a research note issued to investors on Thursday morning, Marketbeat.com reports. The brokerage currently has a neutral rating on the athletic footwear retailer's stock.

Several other analysts have also recently weighed in on the stock. Piper Sandler dropped their price target on shares of Foot Locker from $23.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday. Guggenheim reduced their target price on Foot Locker from $34.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $24.00 price target on shares of Foot Locker in a research note on Wednesday, March 5th. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group lowered their target price on shares of Foot Locker from $25.00 to $22.00 and set a "sell" rating for the company in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $22.81.

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Foot Locker Price Performance

FL stock traded down $1.72 during trading on Thursday, hitting $16.95. The stock had a trading volume of 7,458,491 shares, compared to its average volume of 3,267,245. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The company's 50-day moving average price is $19.62 and its two-hundred day moving average price is $22.96. The stock has a market capitalization of $1.61 billion, a P/E ratio of -3.76, a PEG ratio of 0.53 and a beta of 1.55. Foot Locker has a twelve month low of $16.79 and a twelve month high of $33.94.

Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.13. The company had revenue of $2.25 billion during the quarter, compared to analysts' expectations 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 revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 EPS. As a group, research analysts predict that Foot Locker will post 1.23 EPS for the current fiscal year.

Institutional Trading of Foot Locker

A number of large investors have recently made changes to their positions in FL. Allspring Global Investments Holdings LLC grew its holdings in Foot Locker by 88.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock worth $115,365,000 after acquiring an additional 2,500,396 shares in the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new position in Foot Locker in the fourth quarter valued at $34,835,000. Cooper Creek Partners Management LLC acquired a new stake in Foot Locker in the fourth quarter valued at $30,416,000. Segall Bryant & Hamill LLC purchased a new stake in Foot Locker during the 4th quarter worth about $18,640,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Foot Locker by 67.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer's stock worth $41,483,000 after acquiring an additional 770,932 shares in the last quarter.

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.