Foot Locker (NYSE:FL) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Foot Locker (NYSE:FL) in a research report released on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $24.00 price objective on the athletic footwear retailer’s stock.

Several other equities analysts have also recently weighed in on the company. UBS Group cut their price objective on Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Piper Sandler cut their price target on shares of Foot Locker from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, December 2nd. Guggenheim reduced their price target on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Williams Trading upgraded shares of Foot Locker from a “sell” rating to a “hold” rating and raised their price objective for the stock from $17.00 to $21.00 in a report on Wednesday, November 27th. Finally, Jefferies Financial Group reduced their target price on shares of Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.94.

Foot Locker Stock Down 0.5 %

Shares of NYSE:FL opened at $17.34 on Tuesday. Foot Locker has a 52 week low of $17.24 and a 52 week high of $34.89. The company has a market capitalization of $1.64 billion, a PE ratio of -3.84, a PEG ratio of 0.53 and a beta of 1.48. 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 company has a 50 day moving average price of $20.24 and a two-hundred day moving average price of $23.79.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. Analysts forecast that Foot Locker will post 1.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FL. Harbour Investments Inc. grew its stake in shares of Foot Locker by 81.6% in the fourth quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock valued at $31,000 after buying an additional 648 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Foot Locker in the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Foot Locker during the 3rd quarter worth about $58,000. R Squared Ltd bought a new stake in shares of Foot Locker in the 4th quarter valued at about $50,000. Finally, Sterling Capital Management LLC lifted its stake in Foot Locker by 819.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock valued at $57,000 after purchasing an additional 2,343 shares during 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.