Foot Locker Inc [NYSE: FL] stock went on an upward path that rose over 5.74% on Thursday, amounting to a one-week price increase of more than 10.40%.
Over the last 12 months, FL stock rose by 28.78%. The one-year Foot Locker Inc stock forecast points to a potential downside of -25.48. The average equity rating for FL stock is currently 3.33, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $3.11 billion, with 94.22 million shares outstanding and 82.15 million shares in the current float. Compared to the average trading volume of 2.82M shares, FL stock reached a trading volume of 3684929 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $26.14 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 3.33. 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.
Morgan Stanley have made an estimate for Foot Locker Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $26 to $27. The new note on the price target was released on May 31, 2024, representing the official price target for Foot Locker Inc stock. Previously, the target price had yet another raise from $28 to $32, while Evercore ISI kept a Outperform rating on FL stock. On March 22, 2024, analysts increased their price target for FL shares from 19 to 24.
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 0.38. The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 3.02. Price to Free Cash Flow for FL in the course of the last twelve months was 388.35 with Quick ratio for the last quarter at 0.50.
FL Stock Performance Analysis:
Foot Locker Inc [FL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.40. With this latest performance, FL shares gained by 24.01% in over the last four-week period, additionally plugging by 9.26% over the last 6 months – not to mention a rise of 28.78% 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 71.86, with the RSI for the last a single of trading hit 75.76, and the three-weeks RSI is set at 68.43 for Foot Locker Inc [FL]. The present Moving Average for the last 50 days of trading for this stock 26.25, while it was recorded at 31.45 for the last single week of trading, and 26.21 for the last 200 days.
Insight into Foot Locker Inc Fundamentals:
Foot Locker Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.68.
FL Stock EPS
With the latest financial reports released by the company, Foot Locker Inc posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. 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 27.30%.
Foot Locker Inc [FL] Institutonal Ownership Details
The top three institutional holders of FL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in FL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in FL stock with ownership which is approximately 5.1238%.
