Foot Locker Inc (NYSE:FL) shares traded -2.69% lower at $16.97 on Wall Street last session.
In accordance with the data, 22 analysts cover 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 $30.00 and a low of $11.00, we find $18.50. Given the previous closing price of $17.44, this indicates a potential upside of 6.08 percent. FL stock price is now -23.36% away from the 50-day moving average and -49.05% away from the 200-day moving average. The market capitalization of the company currently stands at $1.60B.
It has been rated a hold by 17 analysts and a buy by 4. Brokers who have rated the stock have averaged $20.00 as their price target over the next twelve months.
With the price target of $19, Piper Sandler recently initiated with Neutral rating for Foot Locker Inc (NYSE: FL).
In other news, Dillon Mary N, President & CEO bought 5,510 shares of the company’s stock on Sep 08. The stock was bought for $100,117 at an average price of $18.17. Upon completion of the transaction, the President & CEO now directly owns 27,649 shares in the company, valued at $0.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01, SVP & Chief Accounting Officer Cipriano Giovanna sold 25,554 shares of the business’s stock. A total of $1,149,930 was realized by selling the stock at an average price of $45.00. This leaves the insider owning 28,791 shares of the company worth $0.49 million. Insiders disposed of 1,300,982 shares of company stock worth roughly $22.08 million over the past 1 year. A total of 13.67% 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 MARSHALL WACE, LLP during the first quarter worth $8,836,000. KETTLE HILL CAPITAL MANAGEMENT, LLC invested $7,373,000 in shares of FL during the first quarter. In the first quarter, SAMLYN CAPITAL, LLC acquired a new stake in Foot Locker Inc valued at approximately $5,561,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in FL for approximately $4,412,000. EASTERLY INVESTMENT PARTNERS LLC purchased a new stake in FL valued at around $4,132,000 in the second quarter. In total, there are 444 active investors with 94.11% ownership of the company’s stock.
Foot Locker Inc (NYSE: FL) opened at $17.40 on Tuesday. During the past 12 months, Foot Locker Inc has had a low of $14.84 and a high of $47.22. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 1.63, and a quick ratio of 0.37. The fifty day moving average price for FL is $21.97 and a two-hundred day moving average price translates $33.20 for the stock.
The latest earnings results from Foot Locker Inc (NYSE: FL) was released for Jul, 2023. According to the Apparel Retail Company, earnings per share came in at $0.04, inline with analysts’ expectations of $0.04. This compares to $0.99 EPS in the same period last year. The net profit margin was 1.76% and return on equity was 4.62% for FL. The company reported revenue of $1.86 billion for the quarter, compared to $2.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.86 percent. For the current quarter, analysts expect FL to generate $1.97B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/27/2023. Investors who held shares on 10/13/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.13 dividend and a 6.63% percent yield. There was an ex-dividend date of 10/12/2023 for this dividend. In terms of dividend payout ratio, FL is presently at 44.68%.
