At the time of writing, Foot Locker Inc [FL] stock is trading at $26.00, up 8.70%. An important factor to consider is whether the stock is rising or falling in short-term value. The FL shares have gain 10.78% over the last week, with a monthly amount glided 3.71%, and 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 May 31, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also boosted its price target to $27 from $26. Previously, Evercore ISI upgraded its rating to Outperform on March 25, 2024, and elevated its price target to $32. On March 22, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $24 on the stock. UBS upgraded its rating to a Neutral and increased its price target to $23 on March 11, 2024. Telsey Advisory Group downgraded its rating to a Market Perform and reduced its price target to $28 on March 07, 2024. Telsey Advisory Group reiterated a Outperform rating for this stock on March 01, 2024, and upped its price target to $38. In a note dated December 14, 2023, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $24 to $33.
For the past year, the stock price of Foot Locker Inc fluctuated between $14.84 and $35.60. Currently, Wall Street analysts expect the stock to reach $30.84 within the next 12 months. Foot Locker Inc [NYSE: FL] shares were valued at $26.00 at the most recent close of the market. An investor can expect a potential return of 18.62% based on the average FL price forecast.
Analyzing the FL fundamentals
According to Foot Locker Inc [NYSE:FL], the company’s sales were 8.12B for trailing twelve months, which represents an -2.69% plunge. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.06%, 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 -0.12 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.33.
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 24.67 points at the first support level, and at 23.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.77, and for the 2nd resistance point, it is at 27.53.
Ratios To Look Out For
It is important to note that Foot Locker Inc [NYSE:FL] has a current ratio of 1.68. On the other hand, the Quick Ratio is 0.50, and the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 0.85.
Transactions by insiders
Recent insider trading involved Dillon Mary N, President & CEO, that happened on Sep 08 ’23 when 5510.0 shares were purchased.
