Foot Locker (NYSE:FL) Trading 6.1% Higher

Foot Locker, Inc. (NYSE:FL) shares were up 6.1% during mid-day trading on Monday . The stock traded as high as $23.18 and last traded at $23.14. 2,542,299 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 3,584,715 shares. The stock had previously closed at $21.81.

Wall Street Analyst Weigh In

FL has been the topic of several recent analyst reports. Barclays cut their price objective on shares of Foot Locker from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 7th. Citigroup raised Foot Locker from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $19.00 to $24.00 in a report on Friday, March 22nd. StockNews.com downgraded Foot Locker from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Morgan Stanley cut their price target on Foot Locker from $26.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, UBS Group upgraded shares of Foot Locker from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $12.00 to $23.00 in a research note on Monday, March 11th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.56.

Foot Locker Stock Up 1.0 %

The company has a quick ratio of 0.55, a current ratio of 1.72 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.25 billion, a PE ratio of -6.75, a PEG ratio of 0.56 and a beta of 1.50. The company’s 50 day moving average is $24.63 and its two-hundred day moving average is $26.43.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Wednesday, March 6th. The athletic footwear retailer reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.28 billion. Foot Locker had a positive return on equity of 4.25% and a negative net margin of 4.04%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 earnings per share. On average, analysts anticipate that Foot Locker, Inc. will post 1.55 earnings per share for the current year.

Hedge Funds Weigh In On Foot Locker

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Foot Locker by 9.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,292,817 shares of the athletic footwear retailer’s stock valued at $178,580,000 after purchasing an additional 902,610 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Foot Locker by 0.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,597,105 shares of the athletic footwear retailer’s stock valued at $45,060,000 after acquiring an additional 16,953 shares during the period. Barclays PLC lifted its holdings in shares of Foot Locker by 385.6% in the 3rd quarter. Barclays PLC now owns 1,746,876 shares of the athletic footwear retailer’s stock worth $30,307,000 after acquiring an additional 1,387,154 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Foot Locker by 9.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 954,663 shares of the athletic footwear retailer’s stock worth $29,738,000 after purchasing an additional 81,684 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Foot Locker by 110.4% during the 3rd quarter. AQR Capital Management LLC now owns 731,256 shares of the athletic footwear retailer’s stock valued at $12,687,000 after purchasing an additional 383,724 shares during the last quarter.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.