Foot Locker Inc [NYSE: FL] price plunged by -3.86 percent to reach at -$0.97.
The one-year FL stock forecast points to a potential upside of 13.09. The average equity rating for FL stock is currently 3.10, trading closer to a bullish pattern in the stock market.
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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 $27.81 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 3.10. 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.
Needham have made an estimate for Foot Locker Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 22, 2024. While these analysts kept the previous recommendation, Gordon Haskett raised their target price to Accumulate. The new note on the price target was released on October 07, 2024, representing the official price target for Foot Locker Inc stock. Previously, the target price had yet another raise to $34, while Barclays analysts kept a Overweight rating on FL stock. On August 29, 2024, analysts increased their price target for FL shares from 27 to 30.
The Average True Range (ATR) for Foot Locker Inc is set at 1.04, with the Price to Sales ratio for FL stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 0.79, 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 17.91 with Quick ratio for the last quarter at 0.49.
FL Stock Performance Analysis:
Foot Locker Inc [FL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.59. With this latest performance, FL shares gained by 0.88% in over the last four-week period, additionally sinking by -11.14% over the last 6 months – not to mention a drop of -18.65% 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 49.81, with the RSI for the last a single of trading hit 49.99, and the three-weeks RSI is set at 48.77 for Foot Locker Inc [FL]. The present Moving Average for the last 50 days of trading for this stock 24.19, while it was recorded at 24.85 for the last single week of trading, and 25.69 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 0.49 and a Current Ratio set at 1.66.
FL Stock EPS
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] Institutonal Ownership Details
There are presently around $103.61%, or 104.86%% 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%.
