At the time of writing, Foot Locker Inc [FL] stock is trading at $23.77, up 3.39%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FL shares have gain 4.90% over the last week, with a monthly amount drifted -11.77%, 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 October 07, 2024, when Gordon Haskett initiated its Accumulate rating and assigned the stock a price target of $27. Previously, Barclays upgraded its rating to Overweight on August 29, 2024, and kept the price target unchanged to $34. On August 29, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $30 on the stock. Morgan Stanley downgraded its rating to a Underweight and reduced its price target to $18 on July 18, 2024. Telsey Advisory Group reiterated a Market Perform rating for this stock on May 31, 2024, and upped its price target to $27. In a note dated March 25, 2024, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $28 to $32.
For the past year, the stock price of Foot Locker Inc fluctuated between $19.44 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 $23.77 at the most recent close of the market. An investor can expect a potential return of 24.65% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
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 23.16 points at the first support level, and at 22.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.07, and for the 2nd resistance point, it is at 24.38.
Ratios To Look Out For
It is important to note that Foot Locker Inc [NYSE:FL] has a current ratio of 1.66. In addition, the Quick Ratio stands at 0.49 and the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 0.78.
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.
