Foot Locker Inc [NYSE: FL] gained 6.10% on the last trading session, reaching $28.51 price per share at the time. The company report on March 27, 2024 at 6:45 AM that FOOT LOCKER, INC. TO PRESENT AT THE J.P. MORGAN 10TH ANNUAL RETAIL ROUND UP CONFERENCE.
Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today announced that Mary Dillon, President and Chief Executive Officer, and Mike Baughn, Executive Vice President and Chief Financial Officer, will present at the J.P. Morgan 10th Annual Retail Round Up Conference on Wednesday, April 3rd at 10:00 a.m. ET.
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A link to the audio fireside chat will be available on footlocker-inc.com on Wednesday, April 3rd at 10:00 a.m. ET. A replay of the call will also be available on the same website for 30 days following the event.
If compared to the average trading volume of 3.75M shares, FL reached a trading volume of 4917755 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 $25.20 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 3.11. 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.
Evercore ISI have made an estimate for Foot Locker Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 25, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $19 to $24. The new note on the price target was released on March 22, 2024, representing the official price target for Foot Locker Inc stock. Previously, the target price had yet another raise from $12 to $23, while UBS kept a Neutral rating on FL stock. On March 07, 2024, analysts decreased their price target for FL shares from 38 to 28.
The Average True Range (ATR) for Foot Locker Inc is set at 1.47, with the Price to Sales ratio for FL stock in the period of the last 12 months amounting to 0.33. The Price to Book ratio for the last quarter was 0.84, with the Price to Cash per share for the same quarter was set at 3.15.
Trading performance analysis for FL stock
Foot Locker Inc [FL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.70. With this latest performance, FL shares dropped by -17.98% in over the last four-week period, additionally plugging by 68.00% over the last 6 months – not to mention a drop of -26.78% 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 56.83, with the RSI for the last a single of trading hit 66.58, and the three-weeks RSI is set at 53.08 for Foot Locker Inc [FL]. The present Moving Average for the last 50 days of trading for this stock 28.64, while it was recorded at 25.86 for the last single week of trading, and 25.14 for the last 200 days.
Foot Locker Inc [FL]: A deeper dive into fundamental analysis
Foot Locker Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.55 and a Current Ratio set at 1.72.
Foot Locker Inc [FL]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Foot Locker Inc posted 0.7/share EPS, while the average EPS was predicted by analysts to be reported at 0.81/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -13.60%. 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.
An analysis of Institutional ownership at Foot Locker Inc [FL]
The top three institutional holders of FL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in FL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in FL stock with ownership which is approximately 5.8325%.
