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

Shares of Foot Locker, Inc. (NYSE:FL) have been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $24.94.

Several equities research analysts recently commented on FL shares. Guggenheim cut their target price on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Barclays reduced their target price on Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Robert W. Baird decreased their target price on Foot Locker from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. JPMorgan Chase & Co. reduced their price target on Foot Locker from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. Finally, Morgan Stanley dropped their price objective on Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Friday, December 6th.

Foot Locker Stock Up 2.4 %

Foot Locker stock opened at $20.30 on Monday. The company has a market cap of $1.93 billion, a P/E ratio of -4.50, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. Foot Locker has a 1-year low of $18.04 and a 1-year high of $35.60. The company has a fifty day simple moving average of $20.87 and a 200 day simple moving average of $24.34.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm earned $0.30 EPS. Foot Locker’s revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts anticipate that Foot Locker will post 1.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Foot Locker

Several institutional investors have recently bought and sold shares of FL. SG Americas Securities LLC grew its holdings in Foot Locker by 66.9% in the third quarter. SG Americas Securities LLC now owns 7,603 shares of the athletic footwear retailer’s stock worth $196,000 after purchasing an additional 3,048 shares during the last quarter. Creative Planning lifted its position in Foot Locker by 42.1% during the third quarter. Creative Planning now owns 13,823 shares of the athletic footwear retailer’s stock valued at $357,000 after purchasing an additional 4,093 shares during the period. Vontobel Holding Ltd. lifted its position in Foot Locker by 12.2% during the third quarter. Vontobel Holding Ltd. now owns 11,144 shares of the athletic footwear retailer’s stock valued at $288,000 after purchasing an additional 1,210 shares during the period. nVerses Capital LLC purchased a new position in Foot Locker in the third quarter valued at $47,000. Finally, Blue Trust Inc. increased its holdings in Foot Locker by 537.0% in the third quarter. Blue Trust Inc. now owns 2,981 shares of the athletic footwear retailer’s stock valued at $74,000 after buying an additional 2,513 shares in 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.