A share price of Foot Locker Inc [FL] is currently trading at $23.19, up 1.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FL shares have lost -0.22% over the last week, with a monthly amount drifted -4.88%, 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.
Foot Locker Inc experienced fluctuations in its stock price throughout the past year between $19.44 and $35.60. Currently, Wall Street analysts expect the stock to reach $29.85 within the next 12 months. Foot Locker Inc [NYSE: FL] shares were valued at $23.19 at the most recent close of the market. An investor can expect a potential return of 28.72% based on the average FL price forecast.
Analyzing the FL fundamentals
Trailing Twelve Months sales for Foot Locker Inc [NYSE:FL] were 8.15B which represents 1.93% growth. 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 22.73 points at the first support level, and at 22.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.60, and for the 2nd resistance point, it is at 24.00.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Foot Locker Inc [NYSE:FL] is 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 0.27, the price to book ratio is 0.76.
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.
