Market Analysts see Foot Locker Inc. [FL] gaining to $82. Time to buy?

Foot Locker Inc. [NYSE: FL] traded at a low on 07/15/21, posting a -4.62 loss after which it closed the day’ session at $57.55. The company report on May 26, 2021 that Foot Locker and Melody Ehsani Team Up to Launch Exclusive Capsule Collection.

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New Creative Director debuts custom capsule collection with ‘No More Next’ virtual festival.

Foot Locker is excited to announce the launch of a basketball-inspired capsule collection designed by the new Creative Director of their women’s business, Melody Ehsani. This is the first of several capsule collections slated to drop this year. In celebration of the launch, Foot Locker will host a virtual festival entitled “No More Next,” inviting fans to take part in a unique digital experience featuring interactive conversations and product sweepstakes.

The results of the trading session contributed to over 2331637 shares changing hands. Over the past one week, the price volatility of Foot Locker Inc. stands at 3.08% while the volatility over the past one month is 3.15%.

The market cap for FL stock reached $5.74 billion, with 103.60 million shares outstanding and 102.15 million shares in the current float. Compared to the average trading volume of 1.37M shares, FL reached a trading volume of 2331637 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $70.05 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 2.10. 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.

Pivotal Research Group have made an estimate for Foot Locker Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 24, 2021. While these analysts kept the previous recommendation, Pivotal Research Group raised their target price from $61 to $76. The new note on the price target was released on May 18, 2021, representing the official price target for Foot Locker Inc. stock. Previously, the target price had yet another raise from $56 to $60, while Telsey Advisory Group kept a Market Perform rating on FL stock. On February 24, 2021, analysts increased their price target for FL shares from 46 to 61.

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 0.67. The Price to Book ratio for the last quarter was 2.04, with the Price to Cash per share for the same quarter was set at 19.69. Price to Free Cash Flow for FL in the course of the last twelve months was 4.20 with Quick ratio for the last quarter at 1.20.

How has FL stock performed recently?

Foot Locker Inc. [FL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.24. With this latest performance, FL shares dropped by -5.49% in over the last four-week period, additionally plugging by 24.35% over the last 6 months – not to mention a rise of 97.43% 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 38.88, with the RSI for the last a single of trading hit 33.32, and the three-weeks RSI is set at 42.46 for Foot Locker Inc. [FL]. The present Moving Average for the last 50 days of trading for this stock 61.63, while it was recorded at 61.11 for the last single week of trading, and 50.39 for the last 200 days.

Foot Locker Inc. [FL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Foot Locker Inc. [FL] shares currently have an operating margin of +5.56 and a Gross Margin at +26.59. Foot Locker Inc.’s Net Margin is presently recorded at +4.28.

Return on Total Capital for FL is now 7.15, given the latest momentum, and Return on Invested Capital for the company is 6.12. Return on Equity for this stock inclined to 12.32, with Return on Assets sitting at 4.74. When it comes to the capital structure of this company, Foot Locker Inc. [FL] has a Total Debt to Total Equity ratio set at 115.08. Additionally, FL Total Debt to Total Capital is recorded at 53.51, with Total Debt to Total Assets ending up at 45.28. Long-Term Debt to Equity for the company is recorded at 90.47, with the Long-Term Debt to Total Capital now at 42.06.

Reflecting on the efficiency of the workforce at the company, Foot Locker Inc. [FL] managed to generate an average of $6,302 per employee. Receivables Turnover for the company is 66.80 with a Total Asset Turnover recorded at a value of 1.11.Foot Locker Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.70.

Earnings analysis for Foot Locker Inc. [FL]

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 34.05%.

Insider trade positions for Foot Locker Inc. [FL]

There are presently around $5,508 million, or 94.80% of FL stock, in the hands of institutional investors. The top three institutional holders of FL stocks are: VESA EQUITY INVESTMENT S.A R.L. with ownership of 12,938,925, which is approximately 0.066% of the company’s market cap and around 1.10% of the total institutional ownership; VANGUARD GROUP INC, holding 9,862,941 shares of the stock with an approximate value of $567.61 million in FL stocks shares; and BLACKROCK INC., currently with $515.32 million in FL stock with ownership of nearly 2.352% of the company’s market capitalization.

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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 170 institutional holders increased their position in Foot Locker Inc. [NYSE:FL] by around 9,116,149 shares. Additionally, 194 investors decreased positions by around 7,726,087 shares, while 66 investors held positions by with 78,861,520 shares. The mentioned changes placed institutional holdings at 95,703,756 shares, according to the latest SEC report filing. FL stock had 78 new institutional investments in for a total of 4,698,947 shares, while 47 institutional investors sold positions of 1,495,084 shares during the same period.

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