Foot Locker Inc. (NYSE:FL) saw an upside of 0.88% to close Tuesday at $46.98 after adding $0.41 on the day. The 5-day average trading volume is 1,752,160 shares of the company’s common stock. It has gained $48.49 in the past week. An average of 2,375,035 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,259,846.
FL’s 1-month performance is -6.90% or -$5.22 on its low of $44.91 reached on 10/06/21. The company’s shares have touched a 52-week low of $35.86 and high of $66.71, with the stock’s rally to the 52-week high happening on 05/18/21. YTD, FL has achieved 16.17% or $6.54. However, the current price is down -29.58%% from the 52-week high price.
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On Jul 12, 93 days have gone by since the last insider trading activity for Foot Locker Inc. (FL). Vesa Equity Investment S.a r.l (10% Owner) most recently sold 64,093 shares at $63.52 per share on Jul 12. This transaction cost the insider $4,071,309. VP, Treasurer, Maurer John A, sold 3,650 shares at a price of $63.00 on Jul 09. Then, on Jul 02, VP, Treasurer Maurer John A sold 2,000 shares at a price of $62.01 per share. This transaction amounted to $124,020.
The company’s PE ratio for the last five years has touched a high of 27.08 and a low of 3.987. FL stock has a beta of 1.42. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.56 while the price-to-book (PB) in the most recent quarter is 1.46, with the price to cash flow ratio at 7.88.
It is projected that Foot Locker Inc.’s next ex-dividend date will be on 14-Oct-2021. FL is expected to distribute $0.30 as its next dividend.
Foot Locker Inc.’s quick ratio for the period ended July 30 was 1.20, with the current ratio over the same period at 1.90 meaning that FL stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.00, while the total debt to equity was 0.03. In terms of profitability, the gross margin trailing 12 months is 33.50%. The trailing 12-month EBITDA margin is 7.90% while for the period ending July 30; Foot Locker Inc.’s operating margin was 10.20%. The firm’s gross profit as reported stood at $2.18 billion against revenue of $7.55 billion.
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 8.7% to $2.27 billion, while revenue of $2.15 billion was 5.36% off the previous quarter. Analysts expected FL to announce $1.01 per share in earnings in its latest quarter, but it posted $2.21, representing a 118.80% surprise. EBITDA for the quarter stood at more than $312.0 million. FL stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 4.24 billion, with total debt at $3.04 billion. Shareholders hold equity totaling $103.81 million
Let’s look briefly at Foot Locker Inc. (FL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 42.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 48.99%.
The stock’s 5-day moving average is $46.88, reflecting a +3.57% or $1.62 change from its current price. FL is currently trading -5.57% above its 20-day SMA, -21.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -15.90% and +18.97% respectively.
Stochastic %K and %D was 26.22% and 27.04% and the average true range (ATR) pointed at 1.71. The RSI (14) points at 39.93%, while the 14-day stochastic is at 26.61% with the period’s ATR at 1.79. The stock’s 9-day MACD Oscillator is pointing at 0.43 and -0.69 on the 14-day charts.
In the most recent analyst report for Foot Locker Inc. (NYSE: FL), Cowen reiterated its an Outperform rating for the company but lifted their price target by $82 to $61. Analysts offering their rating for FL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate FL as a “sell,”, while 9 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.
What is FL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $45.00 and a high of $91.00, with their median price target at $70.00. Looking at these predictions, the average price target given by analysts is for Foot Locker Inc. (FL) stock is $70.68.