Foot Locker’s (FL) “Market Perform” Rating Reiterated at Telsey Advisory Group

Foot Locker (NYSE:FL)‘s stock had its “market perform” rating reaffirmed by equities researchers at Telsey Advisory Group in a research report issued on Tuesday,Benzinga reports. They presently have a $24.00 price objective on the athletic footwear retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 37.74% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Piper Sandler reduced their price target on Foot Locker from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Guggenheim reduced their price target on Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Needham & Company LLC reduced their price target on Foot Locker from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group reduced their price target on Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Finally, Morgan Stanley reduced their price target 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. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $24.94.

Foot Locker Stock Performance

Shares of NYSE FL opened at $17.42 on Tuesday. The business’s 50-day moving average price is $20.34 and its two-hundred day moving average price is $23.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.67 and a quick ratio of 0.45. Foot Locker has a one year low of $17.38 and a one year high of $34.99. The company has a market capitalization of $1.65 billion, a P/E ratio of -3.86, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48.

Foot Locker (NYSE:FL) last issued its 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). 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 last year, the firm earned $0.30 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts anticipate that Foot Locker will post 1.23 earnings per share for the current fiscal year.

Institutional Trading of Foot Locker

A number of hedge funds have recently modified their holdings of FL. Allspring Global Investments Holdings LLC lifted its position in shares of Foot Locker by 88.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer’s stock worth $115,365,000 after acquiring an additional 2,500,396 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Foot Locker in the 4th quarter worth approximately $34,835,000. Cooper Creek Partners Management LLC acquired a new position in shares of Foot Locker in the 4th quarter worth approximately $30,416,000. Segall Bryant & Hamill LLC acquired a new position in shares of Foot Locker in the 4th quarter worth approximately $18,640,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Foot Locker by 67.9% in 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 buying an additional 770,932 shares in the last quarter.

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.