Foot Locker, Inc. (NYSE:FL) Receives Consensus Recommendation of “Hold” from Analysts

Foot Locker, Inc. (NYSE:FL) has earned an average rating of “Hold” from the fifteen brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $24.94.

FL has been the subject of a number of recent research reports. Guggenheim cut their price objective on Foot Locker from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Evercore ISI upgraded Foot Locker from an “in-line” rating to an “outperform” rating and increased their target price for the company from $28.00 to $32.00 in a report on Monday, March 25th. Piper Sandler reduced their target price on Foot Locker from $37.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. Morgan Stanley reduced their target price on Foot Locker from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Thursday, March 7th. Finally, Barclays reduced their target price on Foot Locker from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, March 7th.

Foot Locker Price Performance

Shares of NYSE:FL opened at $21.98 on Tuesday. Foot Locker has a one year low of $14.84 and a one year high of $42.79. The stock has a fifty day moving average of $26.27 and a 200-day moving average of $26.38. The company has a market capitalization of $2.08 billion, a PE ratio of -6.28, a price-to-earnings-growth ratio of 0.52 and a beta of 1.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 1.72.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Wednesday, March 6th. The athletic footwear retailer reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Foot Locker had a positive return on equity of 4.25% and a negative net margin of 4.04%. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that Foot Locker will post 1.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Foot Locker

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Foot Locker by 9.6% during the third quarter. Vanguard Group Inc. now owns 10,292,817 shares of the athletic footwear retailer’s stock worth $178,580,000 after buying an additional 902,610 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Foot Locker by 0.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,597,105 shares of the athletic footwear retailer’s stock worth $45,060,000 after buying an additional 16,953 shares during the last quarter. Barclays PLC grew its position in shares of Foot Locker by 385.6% in the third quarter. Barclays PLC now owns 1,746,876 shares of the athletic footwear retailer’s stock valued at $30,307,000 after purchasing an additional 1,387,154 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Foot Locker by 9.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 954,663 shares of the athletic footwear retailer’s stock valued at $29,738,000 after purchasing an additional 81,684 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Foot Locker by 110.4% in the third quarter. AQR Capital Management LLC now owns 731,256 shares of the athletic footwear retailer’s stock valued at $12,687,000 after purchasing an additional 383,724 shares during the last quarter.

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.