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

Shares of Foot Locker, Inc. (NYSE:FL) have been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $25.18.

Several research firms recently issued reports on FL. UBS Group reduced their target price on shares of Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of Foot Locker in a report on Wednesday, December 18th. The Goldman Sachs Group reduced their target price on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a report on Thursday, December 5th. JPMorgan Chase & Co. reduced their target price on shares of Foot Locker from $27.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, December 4th. Finally, Telsey Advisory Group reduced their target price on shares of Foot Locker from $30.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday, December 5th.

Foot Locker Stock Performance

Shares of Foot Locker stock opened at $20.84 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -4.62, a PEG ratio of 0.81 and a beta of 1.49. The firm’s 50-day moving average is $22.19 and its 200 day moving average is $25.07. Foot Locker has a 1 year low of $19.33 and a 1 year high of $35.60.

Foot Locker (NYSE:FL) last posted its earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. Foot Locker’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 EPS. Sell-side analysts anticipate that Foot Locker will post 1.23 EPS for the current fiscal year.

Institutional Trading of Foot Locker

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC purchased a new position in Foot Locker in the 2nd quarter worth $1,024,000. XTX Topco Ltd raised its stake in Foot Locker by 19.7% in the 2nd quarter. XTX Topco Ltd now owns 11,823 shares of the athletic footwear retailer’s stock worth $295,000 after acquiring an additional 1,946 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Foot Locker by 39.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 39,400 shares of the athletic footwear retailer’s stock worth $982,000 after acquiring an additional 11,100 shares during the last quarter. Sei Investments Co. raised its stake in Foot Locker by 19.0% in the 2nd quarter. Sei Investments Co. now owns 143,690 shares of the athletic footwear retailer’s stock worth $3,581,000 after acquiring an additional 22,991 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its stake in Foot Locker by 14.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 34,916 shares of the athletic footwear retailer’s stock worth $870,000 after acquiring an additional 4,300 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.