Foot Locker, Inc. (NYSE:FL) Short Interest Up 10.4% in December

Foot Locker, Inc. (NYSE:FLGet Free Report) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 7,350,000 shares, a growth of 10.4% from the December 15th total of 6,660,000 shares. Currently, 8.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,480,000 shares, the short-interest ratio is currently 2.1 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Telsey Advisory Group lowered their price objective on Foot Locker from $30.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, December 5th. Barclays cut their price objective on Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Gordon Haskett started coverage on shares of Foot Locker in a research note on Monday, October 7th. They issued an “accumulate” rating and a $27.00 price target for the company. UBS Group decreased their target price on Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Finally, The Goldman Sachs Group cut their price target on Foot Locker from $25.00 to $22.00 and set a “sell” rating on the stock in a report on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.18.

View Our Latest Stock Analysis on FL

Foot Locker Stock Performance

Shares of FL traded up $0.14 during mid-day trading on Monday, hitting $20.44. 2,852,006 shares of the company’s stock were exchanged, compared to its average volume of 2,618,273. The business’s 50 day moving average is $22.44 and its two-hundred day moving average is $25.14. Foot Locker has a fifty-two week low of $19.33 and a fifty-two week high of $35.60. 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 has a market capitalization of $1.94 billion, a P/E ratio of -4.53, a P/E/G ratio of 0.81 and a beta of 1.49.

Foot Locker (NYSE:FLGet Free Report) last posted its quarterly earnings results 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). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. On average, equities analysts expect that Foot Locker will post 1.23 earnings per share for the current year.

Institutional Investors Weigh In On Foot Locker

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new position in Foot Locker during the second quarter worth $31,000. Northwestern Mutual Wealth Management Co. lifted its position in Foot Locker by 156.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock worth $40,000 after buying an additional 985 shares during the period. nVerses Capital LLC acquired a new stake in shares of Foot Locker in the third quarter worth approximately $47,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Foot Locker during the 3rd quarter valued at $58,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Foot Locker during the second quarter worth about $61,000.

Foot Locker Company Profile

(Get Free Report)

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.

Further Reading

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