Foot Locker (NYSE:FL) Upgraded at StockNews.com

StockNews.com upgraded shares of Foot Locker (NYSE:FL) from a sell rating to a hold rating in a research note published on Monday.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley cut their price target on shares of Foot Locker from $28.00 to $26.00 and set an equal weight rating for the company in a report on Thursday, March 7th. Piper Sandler lowered their price objective on shares of Foot Locker from $37.00 to $31.00 and set an overweight rating on the stock in a research note on Thursday, March 7th. Evercore ISI raised shares of Foot Locker from an in-line rating to an outperform rating and increased their price objective for the company from $28.00 to $32.00 in a research note on Monday, March 25th. Bank of America lowered their price objective on shares of Foot Locker from $31.00 to $27.00 and set a neutral rating on the stock in a research note on Thursday, March 7th. Finally, Telsey Advisory Group reissued a market perform rating and issued a $28.00 price objective (down from $38.00) on shares of Foot Locker in a research note on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Foot Locker presently has a consensus rating of Hold and an average price target of $24.94.

Foot Locker Stock Performance

Shares of FL opened at $22.86 on Monday. The company has a 50-day simple moving average of $26.63 and a 200-day simple moving average of $26.36. The company has a quick ratio of 0.55, a current ratio of 1.72 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.16 billion, a PE ratio of -6.53, a P/E/G ratio of 0.51 and a beta of 1.43. Foot Locker has a 52-week low of $14.84 and a 52-week high of $42.79.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.28 billion. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. Equities research analysts predict that Foot Locker will post 1.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Global Retirement Partners LLC raised its position in shares of Foot Locker by 444.4% in the 3rd quarter. Global Retirement Partners LLC now owns 1,666 shares of the athletic footwear retailer’s stock worth $31,000 after buying an additional 1,360 shares during the period. Quadrant Capital Group LLC increased its holdings in Foot Locker by 3,004.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,397 shares of the athletic footwear retailer’s stock valued at $44,000 after purchasing an additional 1,352 shares in the last quarter. CWM LLC increased its holdings in Foot Locker by 26.7% in the 4th quarter. CWM LLC now owns 1,836 shares of the athletic footwear retailer’s stock valued at $57,000 after purchasing an additional 387 shares in the last quarter. Signaturefd LLC increased its holdings in Foot Locker by 105.9% in the 3rd quarter. Signaturefd LLC now owns 5,272 shares of the athletic footwear retailer’s stock valued at $91,000 after purchasing an additional 2,712 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Foot Locker in the 4th quarter valued at $100,000.

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.