In yesterday’s Wall Street session, Foot Locker Inc (NYSE:FL) shares traded at $20.83, down -5.32% from the previous session.
As of this writing, 21 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 $27.00 and a low of $11.00, we find $18.00. Given the previous closing price of $22.00, this indicates a potential downside of -18.18 percent. FL stock price is now 5.67% away from the 50-day moving average and -30.59% away from the 200-day moving average. The market capitalization of the company currently stands at $1.96B.
There are 14 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $18.65 as their price target over the next twelve months.
With the price target of $23, Evercore ISI recently initiated with In-line 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 $0.58 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 $0.6 million. Insiders disposed of 107,674 shares of company stock worth roughly $2.24 million over the past 1 year. A total of 13.52% of the company’s stock is owned by insiders.
Thursday morning saw Foot Locker Inc (NYSE: FL) opened at $21.78. 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 $19.76 and a two-hundred day moving average price translates $29.89 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.
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.