Foot Locker Inc. (NYSE:FL) saw an upside of 1.13% to close Tuesday at $39.36 after adding $0.44 on the day. The 5-day average trading volume is 2,115,680 shares of the company’s common stock. It has gained $39.92 in the past week and touched a new high 1 time within the past 5 days. An average of 1,998,835 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,581,054.
FL’s 1-month performance is 9.33% or $3.96 on its low of $35.34 reached on 12/27/22. The company’s shares have touched a 52-week low of $23.85 and high of $47.42, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, FL has achieved 4.15% or $1.57 and has reached a new high 4 times. However, the current price is down -17.00% from the 52-week high price.
FL stock investors last saw insider trading activity on Jan 05.Greener Todd (SVP, Global Supply Chain) most recently sold 2,500 shares at $37.63 per share on Jan 05. This transaction cost the insider $94,075. VP, Treasurer, Maurer John A, sold 3,500 shares at a price of $36.74 on Dec 30. Then, on Dec 02, Director Johnson Richard A sold 47,000 shares at a price of $39.87 per share. This transaction amounted to $1,873,890.
FL stock has a beta of 1.21. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.42 while the price-to-book (PB) in the most recent quarter is 1.13.
Foot Locker Inc.’s quick ratio for the period ended July 30 was 0.40, with the current ratio over the same period at 1.50. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.14, while the total debt to equity was 0.14.. In terms of profitability, the gross margin trailing 12 months is 32.70%. The firm’s gross profit as reported stood at $3.08 billion against revenue of $8.96 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 shrunk -64.58% to $96.0 million, while revenue of $94.0 million was 2.08% off the previous quarter. Analysts expected FL to announce $0.79 per share in earnings in its latest quarter, but it posted $1.1, representing a 39.20% surprise. EBITDA for the quarter stood at more than $209.0 million. FL stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 4.5 billion, with total debt at $3.29 billion. Shareholders hold equity totaling $93.32 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 24 January was 59.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.28%.
The stock’s 5-day moving average is $38.31, reflecting a +2.34% or $0.90 change from its current price. FL is currently trading +13.17% above its 20-day SMA, +8.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +31.55% and SMA200 by+38.15%.
Stochastic %K and %D was 48.82% and 38.36% and the average true range (ATR) pointed at 1.34. The RSI (14) points at 57.61%, while the 14-day stochastic is at 65.61% with the period’s ATR at 1.37. The stock’s 9-day MACD Oscillator is pointing at -0.09 and -0.18 on the 14-day charts.
In the most recent analyst report for Foot Locker Inc. (NYSE: FL), Morgan Stanley upgraded it to an Equal-weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for FL stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate FL as a “sell,”, while 19 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 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 $31.00 and a high of $60.00, with their median price target at $38.50. Looking at these predictions, the average price target given by analysts is for Foot Locker Inc. (FL) stock is $39.22.