Analysts Set Foot Locker, Inc. (NYSE:FL) Price Target at $24.94

Foot Locker, Inc. (NYSE:FL) has been given an average rating of “Hold” by the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $24.94.

A number of equities research analysts have issued reports on the company. Williams Trading upgraded Foot Locker from a “sell” rating to a “hold” rating and upped their price objective for the company from $17.00 to $21.00 in a research report on Wednesday, November 27th. Needham & Company LLC decreased their price objective on Foot Locker from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Guggenheim decreased their price objective 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. Jefferies Financial Group decreased their price objective on Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Finally, UBS Group reduced their price target on Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th.

Foot Locker Stock Performance

NYSE FL opened at $19.13 on Monday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -4.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.48. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $20.74 and a 200-day moving average price of $24.20. Foot Locker has a twelve month low of $18.04 and a twelve month high of $35.60.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 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 firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the company posted $0.30 earnings per share. Foot Locker’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts predict that Foot Locker will post 1.23 EPS for the current fiscal year.

Institutional Trading of Foot Locker

Institutional investors have recently made changes to their positions in the business. Summit Investment Advisors Inc. raised its stake in Foot Locker by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,728 shares of the athletic footwear retailer’s stock worth $190,000 after acquiring an additional 562 shares during the last quarter. Harbour Investments Inc. raised its stake in Foot Locker by 81.6% in the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after acquiring an additional 648 shares during the last quarter. Chartwell Investment Partners LLC raised 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in Foot Locker by 32.5% in the 3rd 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. Finally, Foundry Partners LLC raised its stake in Foot Locker by 8.8% in the 4th quarter. Foundry Partners LLC now owns 12,784 shares of the athletic footwear retailer’s stock worth $278,000 after acquiring an additional 1,031 shares during the last quarter.

About Foot Locker

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.