Analysts Set Foot Locker, Inc. (NYSE:FL) PT at $25.18

Shares of Foot Locker, Inc. (NYSE:FL) have earned a consensus rating of “Hold” from the seventeen brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $24.94.

Several brokerages have recently issued reports on FL. JPMorgan Chase & Co. reduced their price objective 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. UBS Group decreased their price target on Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Gordon Haskett began coverage on Foot Locker in a report on Monday, October 7th. They set an “accumulate” rating and a $27.00 price target on the stock. The Goldman Sachs Group reduced their price objective 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. Finally, Barclays lowered their target price on shares of Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th.

Hedge Funds Weigh In On Foot Locker

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its stake in Foot Locker by 88.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock valued at $115,365,000 after buying an additional 2,500,396 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Foot Locker by 8.0% during the fourth quarter. Empowered Funds LLC now owns 416,498 shares of the athletic footwear retailer’s stock valued at $9,063,000 after acquiring an additional 30,977 shares during the period. Jennison Associates LLC lifted its position in shares of Foot Locker by 25.7% in the 4th quarter. Jennison Associates LLC now owns 640,351 shares of the athletic footwear retailer’s stock valued at $13,934,000 after acquiring an additional 130,927 shares in the last quarter. R Squared Ltd acquired a new position in Foot Locker in the 4th quarter worth approximately $50,000. Finally, KBC Group NV grew its position in Foot Locker by 5,148.1% during the 4th quarter. KBC Group NV now owns 121,493 shares of the athletic footwear retailer’s stock worth $2,644,000 after purchasing an additional 119,178 shares in the last quarter.

Foot Locker Price Performance

Shares of NYSE FL opened at $19.74 on Thursday. 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 1-year low of $19.33 and a 1-year high of $35.60. The business’s fifty day moving average price is $21.92 and its two-hundred day moving average price is $24.94.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business earned $0.30 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. On average, analysts anticipate that Foot Locker will post 1.23 EPS for the current fiscal year.

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.