Brokerages Set Foot Locker, Inc. (NYSE:FL) Price Target at $21.20

Foot Locker, Inc. (NYSE:FL) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $21.20.

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Foot Locker from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $16.00 to $24.00 in a research report on Thursday, May 15th. Telsey Advisory Group reiterated a “market perform” rating and set a $24.00 target price on shares of Foot Locker in a report on Friday, May 30th. Robert W. Baird set a $24.00 target price on Foot Locker in a research note on Thursday, May 29th. Barclays lowered Foot Locker from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 29th. Finally, The Goldman Sachs Group decreased their price objective on Foot Locker from $19.00 to $17.00 and set a “sell” rating for the company in a research report on Tuesday, April 22nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FL. Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Foot Locker in the fourth quarter valued at about $34,835,000. Cooper Creek Partners Management LLC acquired a new stake in Foot Locker in the 4th quarter worth about $30,416,000. Segall Bryant & Hamill LLC bought a new stake in Foot Locker in the 4th quarter valued at about $18,640,000. Jacobs Levy Equity Management Inc. grew its position in shares of Foot Locker by 67.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer’s stock worth $41,483,000 after purchasing an additional 770,932 shares in the last quarter. Finally, Invenomic Capital Management LP increased its holdings in shares of Foot Locker by 766.9% during the first quarter. Invenomic Capital Management LP now owns 737,068 shares of the athletic footwear retailer’s stock worth $10,393,000 after purchasing an additional 652,045 shares during the period.

Foot Locker Stock Performance

FL stock opened at $23.96 on Friday. The company has a 50 day moving average price of $19.01 and a 200 day moving average price of $18.63. Foot Locker has a fifty-two week low of $11.00 and a fifty-two week high of $33.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 0.49. The stock has a market capitalization of $2.28 billion, a PE ratio of -6.36, a price-to-earnings-growth ratio of 1.99 and a beta of 1.74.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Thursday, May 29th. The athletic footwear retailer reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Foot Locker had a positive return on equity of 3.65% and a negative net margin of 4.54%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. Analysts forecast that Foot Locker will post 1.23 EPS 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.