Foot Locker, Inc. (NYSE:FL) Given Average Rating of “Hold” by Analysts

Shares of Foot Locker, Inc. (NYSE:FL) have received an average rating of “Hold” from the seventeen analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $24.94.

A number of research analysts have recently weighed in on FL shares. The Goldman Sachs Group dropped their price target on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and increased their price objective for the company from $17.00 to $21.00 in a research note on Wednesday, November 27th. JPMorgan Chase & Co. decreased their price objective on Foot Locker from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Barclays decreased their price objective on Foot Locker from $34.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Finally, Jefferies Financial Group decreased their price objective on Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th.

Foot Locker Trading Down 3.6 %

Shares of FL stock opened at $18.22 on Monday. Foot Locker has a fifty-two week low of $18.04 and a fifty-two week high of $35.60. The stock has a market cap of $1.73 billion, a P/E ratio of -4.04, a P/E/G ratio of 0.54 and a beta of 1.48. The business has a fifty day simple moving average of $20.62 and a 200-day simple moving average of $24.10. 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 (NYSE:FL) last announced 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). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business earned $0.30 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts forecast that Foot Locker will post 1.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Foot Locker

Several hedge funds and other institutional investors have recently modified their holdings of FL. SG Americas Securities LLC lifted its stake in shares of Foot Locker by 66.9% in the 3rd quarter. SG Americas Securities LLC now owns 7,603 shares of the athletic footwear retailer’s stock valued at $196,000 after purchasing an additional 3,048 shares in the last quarter. Creative Planning lifted its stake in shares of Foot Locker by 42.1% in the 3rd 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 in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Foot Locker by 12.2% in the 3rd 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 in the last quarter. nVerses Capital LLC acquired a new position in shares of Foot Locker in the 3rd quarter valued at about $47,000. Finally, Blue Trust Inc. lifted its stake in shares of Foot Locker by 537.0% in the 3rd quarter. Blue Trust Inc. now owns 2,981 shares of the athletic footwear retailer’s stock valued at $74,000 after purchasing 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.