Analysts predict Foot Locker Inc (FL) stock to reach $30.15 in the next 12 months

Foot Locker Inc [FL] stock is trading at $25.15, down -0.63%. 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 12.03% over the last week, with a monthly amount glided 9.63%, 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 November 22, 2024, when Needham initiated its Buy rating and assigned the stock a price target of $27. Previously, Gordon Haskett started tracking the stock with Accumulate rating on October 07, 2024, and set its price target to $27. On August 29, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $34 on the stock. Telsey Advisory Group reiterated its Market Perform rating and increased its price target to $30 on August 29, 2024. Morgan Stanley downgraded its rating to Underweight for this stock on July 18, 2024, and downed its price target to $18. In a note dated May 31, 2024, Telsey Advisory Group reiterated an Market Perform rating on this stock and boosted its target price from $26 to $27.

Foot Locker Inc [FL] stock has fluctuated between $20.47 and $35.60 over the past year. Currently, Wall Street analysts expect the stock to reach $30.15 within the next 12 months. Foot Locker Inc [NYSE: FL] shares were valued at $25.15 at the most recent close of the market. An investor can expect a potential return of 19.88% based on the average FL price forecast.

Analyzing the FL fundamentals

Foot Locker Inc [NYSE:FL] reported sales of 8.15B for the trailing twelve months, which represents a growth of 1.93%. 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 of0.15.

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 24.75 points at the first support level, and at 24.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.62, and for the 2nd resistance point, it is at 26.09.

Ratios To Look Out For

For context, Foot Locker Inc’s Current Ratio is 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 0.29, the price to book ratio is 0.82.

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.

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