Stocks of Foot Locker Inc (NYSE:FL) traded higher last session on Wall Street, up 3.09% to $24.39.
FL stock price is now -15.39% away from the 50-day moving average and -2.96% away from the 200-day moving average. The market capitalization of the company currently stands at $2.30B.
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With the price target enhanced from $19 to $24, Citigroup Upgraded its rating from Sell to Neutral for Foot Locker Inc (NYSE: FL). On March 11, 2024, UBS Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $12 to quote $23, while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’
In other news, Dillon Mary N, President & CEO bought 5,510 shares of the company’s stock on Sep 08 ’23. 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 $0.67 million. A total of 13.51% of the company’s stock is owned by insiders.
During the past 12 months, Foot Locker Inc has had a low of $14.84 and a high of $42.79. As of last week, the company has a debt-to-equity ratio of 1.02, a current ratio of 1.72, and a quick ratio of 0.55. The fifty day moving average price for FL is $28.71 and a two-hundred day moving average price translates $25.13 for the stock.
The latest earnings results from Foot Locker Inc (NYSE: FL) was released for Feb, 2024. According to the Apparel Retail Company, earnings per share came in at $0.38, beating analysts’ expectations of $0.32 by 0.06. This compares to $0.26 EPS in the same period last year. The net profit margin was -4.04% and return on equity was -10.67% for FL. The company reported revenue of $2.38 billion for the quarter, compared to $2.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.01 percent. For the current quarter, analysts expect FL to generate $1.89B in revenue.
