Foot Locker, Inc. (NYSE:FL) Receives $25.18 Consensus Target Price from Analysts

Foot Locker, Inc. (NYSE:FL) has earned a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have issued a buy recommendation on 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.

A number of analysts recently commented on FL shares. Evercore ISI dropped their price target on Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a research note on Tuesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of Foot Locker in a research note on Wednesday, December 18th. The Goldman Sachs Group decreased their price target on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. StockNews.com cut Foot Locker from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Finally, Morgan Stanley decreased their target price on Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Friday, December 6th.

Institutional Investors Weigh In On Foot Locker

Several institutional investors and hedge funds have recently made changes to their positions in FL. Bank of New York Mellon Corp increased its holdings in Foot Locker by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 689,542 shares of the athletic footwear retailer’s stock worth $17,183,000 after buying an additional 4,891 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Foot Locker by 7.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,855 shares of the athletic footwear retailer’s stock valued at $470,000 after purchasing an additional 1,294 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Foot Locker by 7.0% during the second quarter. Natixis Advisors LLC now owns 11,813 shares of the athletic footwear retailer’s stock valued at $294,000 after purchasing an additional 775 shares during the last quarter. Rhumbline Advisers boosted its holdings in Foot Locker by 0.7% in the second quarter. Rhumbline Advisers now owns 268,910 shares of the athletic footwear retailer’s stock worth $6,701,000 after purchasing an additional 1,756 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Foot Locker by 2.2% in the second quarter. Arizona State Retirement System now owns 23,808 shares of the athletic footwear retailer’s stock worth $593,000 after purchasing an additional 518 shares during the last quarter.

Foot Locker Price Performance

FL stock opened at $21.67 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $23.13 and its two-hundred day moving average price is $25.45. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -4.80, a PEG ratio of 0.86 and a beta of 1.46. Foot Locker has a 12-month low of $19.33 and a 12-month high of $35.60.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The business 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%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. As a group, equities analysts predict that Foot Locker will post 1.23 earnings per share for the current year.

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.