The price of Foot Locker Inc. (NYSE:FL) shares last traded on Wall Street fell -1.88% to $27.11.
Based on available information, 21 analysts follow Foot Locker Inc. (NYSE:FL). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $22.00, we find $31.00. Given the previous closing price of $27.63, this indicates a potential upside of 12.2 percent. FL stock price is now -32.29% away from the 50-day moving average and -28.27% away from the 200-day moving average. The market capitalization of the company currently stands at $3.48B.
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Among analysts, 13 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $33.35 as their price target over the next twelve months.
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In other news, Cipriano Giovanna, SVP & Chief Accounting Officer sold 25,554 shares of the company’s stock on Feb 01. The stock was sold for $1,149,930 at an average price of $45.00. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 28,791 shares in the company, valued at $0.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01, VP, Treasurer Maurer John A sold 2,000 shares of the business’s stock. A total of $90,140 was realized by selling the stock at an average price of $45.07. This leaves the insider owning 21,221 shares of the company worth $0.58 million. Insiders disposed of 1,392,020 shares of company stock worth roughly $37.74 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FL stock. A new stake in Foot Locker Inc. shares was purchased by DRIEHAUS CAPITAL MANAGEMENT LLC during the first quarter worth $7,763,000. EASTERLY INVESTMENT PARTNERS LLC invested $6,600,000 in shares of FL during the first quarter. In the first quarter, BOUSSARD & GAVAUDAN INVESTMENT MANAGEMENT LLP acquired a new stake in Foot Locker Inc. valued at approximately $4,982,000. PANAGORA ASSET MANAGEMENT INC acquired a new stake in FL for approximately $4,333,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in FL valued at around $4,190,000 in the second quarter. In total, there are 447 active investors with 97.10% ownership of the company’s stock.
A candlestick chart of Foot Locker Inc. (NYSE: FL) showed a price of $27.42 on Tuesday morning. During the past 12 months, Foot Locker Inc. has had a low of $23.85 and a high of $47.22. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 1.60, and a quick ratio of 0.50. The fifty day moving average price for FL is $39.78 and a two-hundred day moving average price translates $37.79 for the stock.
The latest earnings results from Foot Locker Inc. (NYSE: FL) was released for Apr, 2023. According to the Apparel Retail Company, earnings per share came in at $0.7, missing analysts’ expectations of $0.81 by -0.11. This compares to $1.09 EPS in the same period last year. The net profit margin was 4.90% and return on equity was 13.10% for FL. The company reported revenue of $2.35 billion for the quarter, compared to $2.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.21 percent. For the current quarter, analysts expect FL to generate $1.88B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/28/2023. Investors who held shares on 07/14/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 5.90% percent yield. There was an ex-dividend date of 07/13/2023 for this dividend. In terms of dividend payout ratio, FL is presently at 31.50%.
Foot Locker Inc.(FL) 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 youth culture 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. The company also provides its products under the WSS brand, an athletic-inspired retailer; and atmos brand, a digitally led culturally connected brand featuring sneakers and apparel. It offers its products through various e-commerce sites and mobile apps. The company was formerly known as Venator Group, Inc. and changed its name to Foot Locker, Inc. in November 2001. The company was founded in 1879 and is headquartered in New York, New York.
