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

Foot Locker, Inc. (NYSE:FL) has been assigned an average rating of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $26.87.

A number of equities research analysts recently commented on FL shares. Needham & Company LLC started coverage on Foot Locker in a research report on Friday, November 22nd. They issued a “buy” rating and a $27.00 target price on the stock. Robert W. Baird reduced their price objective on Foot Locker from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. Piper Sandler lowered their price objective on Foot Locker from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday. Citigroup boosted their target price on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, Barclays upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $27.00 to $34.00 in a research report on Thursday, August 29th.

Foot Locker Price Performance

Shares of Foot Locker stock opened at $24.17 on Wednesday. The stock’s 50-day simple moving average is $24.22 and its 200-day simple moving average is $25.85. Foot Locker has a 52 week low of $20.47 and a 52 week high of $35.60. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -6.25, a PEG ratio of 0.74 and a beta of 1.46. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in Foot Locker during the third quarter valued at approximately $58,000. Virtu Financial LLC purchased a new position in Foot Locker during the third quarter valued at approximately $701,000. Neo Ivy Capital Management purchased a new position in Foot Locker during the third quarter valued at approximately $2,636,000. Geode Capital Management LLC raised its position in Foot Locker by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,908,253 shares of the athletic footwear retailer’s stock valued at $49,319,000 after acquiring an additional 25,394 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in Foot Locker during the third quarter valued at approximately $283,000.

Foot Locker 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 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.