The stock of Foot Locker Inc (NYSE:FL) last traded at $20.38, up 0.94% from the previous session.
Data from the available sources indicates that Foot Locker Inc (NYSE:FL) is covered by 21 analysts. 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 $18.00. Given the previous closing price of $20.19, this indicates a potential downside of -10.85 percent. FL stock price is now 4.32% away from the 50-day moving average and -35.18% away from the 200-day moving average. The market capitalization of the company currently stands at $1.92B.
In total, 13 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $19.24 as their price target over the next twelve months.
With the price target reduced from $20 to $17, JP Morgan Downgraded its rating from Neutral to Underweight 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 $0.56 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 $0.59 million. Insiders disposed of 107,674 shares of company stock worth roughly $2.19 million over the past 1 year. A total of 13.58% 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 $10,611,000. KETTLE HILL CAPITAL MANAGEMENT, LLC invested $8,854,000 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 $6,678,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in FL for approximately $5,298,000. EASTERLY INVESTMENT PARTNERS LLC purchased a new stake in FL valued at around $4,962,000 in the second quarter. In total, there are 444 active investors with 93.89% ownership of the company’s stock.
With an opening price of $20.51 on Thursday morning, Foot Locker Inc (NYSE: FL) set off the trading day. 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 $19.44 and a two-hundred day moving average price translates $31.34 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 5.52% 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%.
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.
