Foot Locker Inc (FL) stock price forecast predicts $39.47 value

Foot Locker Inc [FL] stock prices are up 1.03% to $23.62 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FL shares have gain 1.90% over the last week, with a monthly amount drifted -27.39%, and not seem to be holding up well over a long-time horizon.

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On 13, March 2024, FOOT LOCKER, INC. NAMES CINDY CARLISLE CHIEF HUMAN RESOURCES OFFICER. In a post published today on Yahoo Finance, Carlisle brings over 24 years of leadership experience to her role at Foot Locker, Inc.

From an analyst’s perspective:

Foot Locker Inc [NYSE: FL] stock has seen the most recent analyst activity on March 11, 2024, when UBS upgraded its rating to a Neutral and also boosted its price target to $23 from $12. Previously, Telsey Advisory Group downgraded its rating to Market Perform on March 07, 2024, and dropped its price target to $28. On March 01, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $38 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $33 on December 14, 2023. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $31 on November 30, 2023. Citigroup downgraded its rating to Sell for this stock on November 27, 2023, but kept the price target unchanged to $18. In a note dated November 21, 2023, BTIG Research downgraded an Neutral rating on this stock.

The stock price of Foot Locker Inc [FL] has been fluctuating between $14.84 and $47.00 over the past year. Currently, Wall Street analysts expect the stock to reach $39.47 within the next 12 months. Foot Locker Inc [NYSE: FL] shares were valued at $23.62 at the most recent close of the market. An investor can expect a potential return of 67.1% based on the average FL price forecast.

Analyzing the FL fundamentals

The Foot Locker Inc [NYSE:FL] reported sales of 8.17B for trailing twelve months, representing a surge of 2.01%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.1 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.22 points at the first support level, and at 22.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.88, and for the 2nd resistance point, it is at 24.13.

Foot Locker Inc [FL] reported earnings per share of $0.38 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.32/share, meaning a difference of $0.06 and a surprise factor of 18.80%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.3 per share as compared to estimates of $0.21 per share, a difference of $0.09 representing a surprise of 42.90%.

Ratios To Look Out For

It’s worth pointing out that Foot Locker Inc [NYSE:FL]’s Current Ratio is 1.72. Also, the Quick Ratio is 0.55, while the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 0.27, the price to book ratio is 0.69.