At the time of writing, Foot Locker Inc [FL] stock is trading at $27.34, up 2.55%. 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 9.98% over the last week, with a monthly amount drifted -16.06%, 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 August 29, 2024, when Barclays upgraded its rating to a Overweight but kept the price target unchanged to $34 for it. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on August 29, 2024, and elevated its price target to $30. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $18 on July 18, 2024. Telsey Advisory Group reiterated its recommendation of a Market Perform and raised its price target to $27 on May 31, 2024. Evercore ISI upgraded its rating to Outperform for this stock on March 25, 2024, and upped its price target to $32. In a note dated March 22, 2024, Citigroup upgraded an Neutral rating on this stock and boosted its target price from $19 to $24.
For the past year, the stock price of Foot Locker Inc fluctuated between $16.68 and $35.60. Currently, Wall Street analysts expect the stock to reach $29.63 within the next 12 months. Foot Locker Inc [NYSE: FL] shares were valued at $27.34 at the most recent close of the market. An investor can expect a potential return of 8.38% based on the average FL price forecast.
Analyzing the FL fundamentals
According to Foot Locker Inc [NYSE:FL], the company’s sales were 8.15B for trailing twelve months, which represents an 1.93% jump. 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 0.32.
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 26.80 points at the first support level, and at 26.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.01, and for the 2nd resistance point, it is at 28.69.
Ratios To Look Out For
It is important to note that Foot Locker Inc [NYSE:FL] has a current ratio of 1.66. As well, the Quick Ratio is 0.49, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.32, the price to book ratio is 0.90.
Transactions by insiders
Recent insider trading involved Vesa Equity Investment S.a r.l, 10% Owner, that happened on Aug 27 ’24 when 0.34 million shares were sold. 10% Owner, Vesa Equity Investment S.a r.l completed a deal on Aug 26 ’24 to sell 0.54 million shares. Meanwhile, 10% Owner Vesa Equity Investment S.a r.l sold 0.21 million shares on Aug 23 ’24.
