Market Analysts see Foot Locker Inc [FL] gaining to $27. Time to buy?

ULTA

Foot Locker Inc [NYSE: FL] surged by $0.01 during the normal trading session on while it closed the day at $22.45.

Foot Locker Inc stock has also loss -5.47% of its value over the past 7 days. However, FL stock has declined by -31.37% in the 3 months of the year. Over the past six months meanwhile, it has gained 2.46% and lost -27.93% year-on date.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The market cap for FL stock reached $2.13 billion, with 94.22 million shares outstanding and 83.73 million shares in the current float. Compared to the average trading volume of 3.16M shares, FL reached a trading volume of 4141489 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $28.13 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 3.20. 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.

Gordon Haskett have made an estimate for Foot Locker Inc shares, keeping their opinion on the stock as Accumulate, with their previous recommendation back on October 07, 2024. The new note on the price target was released on August 29, 2024, representing the official price target for Foot Locker Inc stock. Previously, the target price had yet another raise from $27 to $30, while Telsey Advisory Group kept a Market Perform rating on FL stock.

The Average True Range (ATR) for Foot Locker Inc is set at 0.98, with the Price to Sales ratio for FL stock in the period of the last 12 months amounting to 0.26. The Price to Book ratio for the last quarter was 0.73, with the Price to Cash per share for the same quarter was set at 3.10. Price to Free Cash Flow for FL in the course of the last twelve months was 16.64 with Quick ratio for the last quarter at 0.49.

FL stock trade performance evaluation

Foot Locker Inc [FL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.47. With this latest performance, FL shares dropped by -5.51% in over the last four-week period, additionally plugging by 2.46% over the last 6 months – not to mention a drop of -1.84% 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 35.47, with the RSI for the last a single of trading hit 30.09, and the three-weeks RSI is set at 38.56 for Foot Locker Inc [FL]. The present Moving Average for the last 50 days of trading for this stock 24.63, while it was recorded at 22.74 for the last single week of trading, and 25.89 for the last 200 days.

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

Foot Locker Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.49 and a Current Ratio set at 1.66.

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

With the latest financial reports released by the company, Foot Locker Inc posted 0.3/share EPS, while the average EPS was predicted by analysts to be reported at 0.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. 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 24.90%.

Foot Locker Inc [FL]: Institutional Ownership

There are presently around $103.51%, or 104.76%% of FL stock, in the hands of institutional investors. The top three institutional holders of FL stocks are: BLACKROCK INC. with ownership of 13.37 million shares, which is approximately 14.1132%. VESA EQUITY INVESTMENT S.A R.L., holding 11.47 million shares of the stock with an approximate value of $$285.8 million in FL stocks shares; and VESA EQUITY INVESTMENT S.A R.L., currently with $$254.98 million in FL stock with ownership which is approximately 10.8045%.