Evercore ISI Lowers Foot Locker (NYSE:FL) Price Target to $15.00

Foot Locker (NYSE:FL) had its target price decreased by Evercore ISI from $22.00 to $15.00 in a research report report published on Friday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the athletic footwear retailer’s stock.

FL has been the subject of a number of other reports. Barclays set a $24.00 price objective on Foot Locker in a report on Wednesday, March 5th. Robert W. Baird decreased their price target on shares of Foot Locker from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. StockNews.com lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $24.00 target price on shares of Foot Locker in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.94.

Foot Locker Stock Down 4.6 %

Foot Locker stock opened at $11.81 on Friday. The company has a 50 day moving average of $16.42 and a 200-day moving average of $20.53. The company has a quick ratio of 0.45, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. Foot Locker has a twelve month low of $11.16 and a twelve month high of $33.94. The stock has a market capitalization of $1.12 billion, a PE ratio of -2.62, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41.

Foot Locker (NYSE:FL) last announced its earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.32 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. On average, equities research analysts anticipate that Foot Locker will post 1.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd increased its holdings in Foot Locker by 23.7% during the 3rd quarter. XTX Topco Ltd now owns 14,624 shares of the athletic footwear retailer’s stock worth $378,000 after acquiring an additional 2,801 shares during the period. MML Investors Services LLC purchased a new position in shares of Foot Locker during the 3rd quarter valued at $283,000. Geode Capital Management LLC increased its holdings in shares of Foot Locker by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock worth $49,319,000 after purchasing an additional 25,394 shares during the period. Virtu Financial LLC bought a new position in shares of Foot Locker in the third quarter worth $701,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Foot Locker in the third quarter worth $58,000.

About Foot Locker

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 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.