Foot Locker Inc [FL] stock prices are up 0.67% to $25.36 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FL shares have gain 2.59% over the last week, with a monthly amount glided 1.00%, 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 July 18, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $18 from $24. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on May 31, 2024, and elevated its price target to $27. On March 25, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $32 on the stock. Citigroup upgraded its rating to a Neutral and increased its price target to $24 on March 22, 2024. UBS upgraded its rating to a Neutral and raised its price target to $23 on March 11, 2024. Telsey Advisory Group downgraded its rating to Market Perform for this stock on March 07, 2024, and downed its price target to $28. In a note dated March 01, 2024, Telsey Advisory Group reiterated an Outperform rating on this stock and boosted its target price from $31 to $38.
The stock price of Foot Locker Inc [FL] has been fluctuating between $14.84 and $35.60 over the past year. 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 $25.36 at the most recent close of the market. An investor can expect a potential return of 21.61% based on the average FL price forecast.
Analyzing the FL fundamentals
The Foot Locker Inc [NYSE:FL] reported sales of 8.12B for trailing twelve months, representing a drop of -2.69%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
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 24.84 points at the first support level, and at 24.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.70, and for the 2nd resistance point, it is at 26.05.
Ratios To Look Out For
It’s worth pointing out that Foot Locker Inc [NYSE:FL]’s Current Ratio is 1.68. As well, the Quick Ratio is 0.50, while 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 0.83.
Transactions by insiders
Recent insider trading involved Dillon Mary N, President & CEO, that happened on Sep 08 ’23 when 5510.0 shares were purchased.
