Foot Locker Inc [FL] stock prices are up 3.09% to $24.39 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 8.50% over the last week, with a monthly amount drifted -28.48%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Foot Locker Inc [NYSE: FL] stock has seen the most recent analyst activity on March 22, 2024, when Citigroup upgraded its rating to a Neutral and also boosted its price target to $24 from $19. Previously, UBS upgraded its rating to Neutral on March 11, 2024, and elevated its price target to $23. On March 07, 2024, downgrade downgraded it’s rating to Market Perform and revised its price target to $28 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $38 on March 01, 2024. Piper Sandler upgraded its rating to a Overweight and raised its price target to $33 on December 14, 2023. Telsey Advisory Group reiterated a Outperform rating for this stock on November 30, 2023, and upped its price target to $31. In a note dated November 27, 2023, Citigroup downgraded an Sell rating on this stock but restated the target price of $18.
The stock price of Foot Locker Inc [FL] has been fluctuating between $14.84 and $42.79 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 $24.39 at the most recent close of the market. An investor can expect a potential return of 61.83% 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 23.78 points at the first support level, and at 23.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.16, and for the 2nd resistance point, it is at 25.93.
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 0.28, the price to book ratio is 0.72.
Transactions by insiders
Recent insider trading involved Dillon Mary N, President & CEO, that happened on Sep 08 ’23 when 5510.0 shares were purchased.
