Foot Locker (NYSE:FL) Upgraded to Hold at Williams Trading

Williams Trading upgraded shares of Foot Locker (NYSE:FL) from a sell rating to a hold rating in a research report report published on Wednesday,Benzinga reports. They currently have $21.00 price objective on the athletic footwear retailer’s stock, up from their previous price objective of $17.00.

FL has been the subject of a number of other reports. StockNews.com cut shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Friday, September 20th. Evercore ISI decreased their target price on Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a research report on Tuesday. Piper Sandler reiterated a “neutral” rating and issued a $30.00 price target on shares of Foot Locker in a report on Friday, August 23rd. Barclays upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $27.00 to $34.00 in a report on Thursday, August 29th. Finally, Robert W. Baird cut their target price on Foot Locker from $35.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Foot Locker currently has an average rating of “Hold” and an average target price of $26.56.

Foot Locker Stock Performance

FL stock opened at $25.31 on Wednesday. The firm has a market cap of $2.40 billion, a PE ratio of -6.54, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $24.45 and a 200-day moving average price of $25.77. Foot Locker has a 1-year low of $20.47 and a 1-year high of $35.60.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. As a group, equities research analysts expect that Foot Locker will post 1.49 earnings per share for the current year.

Institutional Trading of Foot Locker

A number of large investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co increased its holdings in Foot Locker by 4.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 97,175 shares of the athletic footwear retailer’s stock worth $2,770,000 after acquiring an additional 4,109 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Foot Locker by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,589 shares of the athletic footwear retailer’s stock worth $1,471,000 after purchasing an additional 2,906 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Foot Locker in the first quarter valued at approximately $2,194,000. Tidal Investments LLC purchased a new stake in shares of Foot Locker during the 1st quarter valued at approximately $486,000. Finally, Kessler Investment Group LLC boosted its holdings in Foot Locker by 25.9% in the 2nd quarter. Kessler Investment Group LLC now owns 7,613 shares of the athletic footwear retailer’s stock worth $190,000 after buying an additional 1,567 shares during the period.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.