Foot Locker Inc. [FL] Revenue clocked in at $7.10 billion, down -24.98% YTD: What’s Next?

Foot Locker Inc. [NYSE: FL] gained 0.72% on the last trading session, reaching $29.25 price per share at the time. Foot Locker Inc. represents 104.30 million in outstanding shares, while the company has a total market value of $3.02 billion with the latest information. FL stock price has been found in the range of $28.28 to $29.63.

If compared to the average trading volume of 2.89M shares, FL reached a trading volume of 1865913 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $29.19 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 2.08, with the Price to Sales ratio for FL stock in the period of the last 12 months amounting to 0.43. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 9.79.

Trading performance analysis for FL stock

Foot Locker Inc. [FL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.20. With this latest performance, FL shares gained by 5.86% in over the last four-week period, additionally sinking by -23.53% over the last 6 months – not to mention a drop of -29.74% 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 51.07, with the RSI for the last a single of trading hit 46.43, and the three-weeks RSI is set at 51.86 for Foot Locker Inc. [FL]. The present Moving Average for the last 50 days of trading for this stock 26.58, while it was recorded at 29.42 for the last single week of trading, and 35.03 for the last 200 days.

Foot Locker Inc. [FL]: A deeper dive into fundamental analysis

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 0.80 and a Current Ratio set at 1.70.

Foot Locker Inc. [FL]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Foot Locker Inc. [FL]

There are presently around $2,718 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 $281.94 million in FL stocks shares; and BOSTON PARTNERS, currently with $255.17 million in FL stock with ownership of nearly 520.426% of the company’s market capitalization.

161 institutional holders increased their position in Foot Locker Inc. [NYSE:FL] by around 17,386,493 shares. Additionally, 258 investors decreased positions by around 23,098,692 shares, while 53 investors held positions by with 53,108,975 shares. The mentioned changes placed institutional holdings at 93,594,160 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 118 institutional investors sold positions of 10,227,983 shares during the same period.

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