Thursday, January 21, 2021

Foot Locker Inc. [FL] fell -14.34% so far this year. What now?

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Foot Locker Inc. [NYSE: FL] closed the trading session at $33.40 on 06/05/20. The day’s price range saw the stock hit a low of $33.24, while the highest price level was $34.93. The stocks have a year to date performance of -14.34 percent and weekly performance of 20.58 percent. The stock has been moved at -14.86 percent over the last six months. The stock has performed 45.53 percent around the most recent 30 days and changed 10.12 percent over the most recent 3-months.

If compared to the average trading volume of 3.24M shares, FL reached to a volume of 2260269 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here’s what leading stock market gurus have to say about Foot Locker Inc. [FL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FL shares is $28.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FL stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley FBR have made an estimate for Foot Locker Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 27, 2020. While these analysts kept the previous recommendation, Telsey Advisory Group dropped their target price from $29 to $26. The new note on the price target was released on May 15, 2020, representing the official price target for Foot Locker Inc. stock. Previously, the target price had yet another drop from $42 to $32, while Telsey Advisory Group kept a Market Perform rating on FL stock.

The Average True Range (ATR) for Foot Locker Inc. is set at 2.03, with the Price to Sales ratio for FL stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 8.94. Price to Free Cash Flow for FL in the course of the last twelve months was 7.82 with Quick ratio for the last quarter at 1.00.

FL stock trade performance evaluation

Foot Locker Inc. [FL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.58. With this latest performance, FL shares gained by 45.53% in over the last four-week period, additionally sinking by -14.86% over the last 6 months – not to mention a drop of -18.22% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FL stock in for the last two-week period is set at 70.14, with the RSI for the last a single of trading hit 75.07, and the three-weeks RSI is set at 64.50 for Foot Locker Inc. [FL]. The present Moving Average for the last 50 days of trading for this stock 24.89, while it was recorded at 31.07 for the last single week of trading, and 35.30 for the last 200 days.

Foot Locker Inc. [FL]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Foot Locker Inc. [FL] shares currently have an operating margin of +8.92 and a Gross Margin at +29.53. Foot Locker Inc.’s Net Margin is presently recorded at +6.13.

Return on Total Capital for FL is now 16.96, given the latest momentum, and Return on Invested Capital for the company is 12.43. Return on Equity for this stock inclined to 19.72, with Return on Assets sitting at 9.43. When it comes to the capital structure of this company, Foot Locker Inc. [FL] has a Total Debt to Total Equity ratio set at 134.17. Additionally, FL Total Debt to Total Capital is recorded at 57.30, with Total Debt to Total Assets ending up at 50.36. Long-Term Debt to Equity for the company is recorded at 113.22, with the Long-Term Debt to Total Capital now at 48.35.

Reflecting on the efficiency of the workforce at the company, Foot Locker Inc. [FL] managed to generate an average of $9,628 per employee. Receivables Turnover for the company is 76.97 with a Total Asset Turnover recorded at a value of 1.54.Foot Locker Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 2.00.

Earnings per share (EPS) analysis for Foot Locker Inc. [FL] stock

With the latest financial reports released by the company, Foot Locker Inc. posted 0.66/share EPS, while the average EPS was predicted by analysts to be reported at 0.67/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Foot Locker Inc. go to -2.83%.

Foot Locker Inc. [FL]: Insider Ownership positions

There are presently around $3,126 million, or 91.90% of FL stock, in the hands of institutional investors. The top three institutional holders of FL stocks are: VANGUARD GROUP INC with ownership of 10,060,640, which is approximately 1.841% of the company’s market cap and around 1.30% of the total institutional ownership; BLACKROCK INC., holding 9,708,669 shares of the stock with an approximate value of $324.27 million in FL stocks shares; and BOSTON PARTNERS, currently with $293.48 million in FL stock with ownership of nearly 520.426% of the company’s market capitalization.

Positions in Foot Locker Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 160 institutional holders increased their position in Foot Locker Inc. [NYSE:FL] by around 17,380,593 shares. Additionally, 258 investors decreased positions by around 23,082,417 shares, while 54 investors held positions by with 53,143,875 shares. The mentioned changes placed institutional holdings at 93,606,885 shares, according to the latest SEC report filing. FL stock had 54 new institutional investments in for a total of 2,096,220 shares, while 117 institutional investors sold positions of 10,209,358 shares during the same period.

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