The stock of Foot Locker Inc. (NYSE:FL) increased by $1.31 on Monday to finish at $18.52, up 7.61 percent. The last five days have seen an average of 17,493,479 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$19.27. The average number of shares traded over the last 20 days was 6,731,710, while the average volume over the last 50 days totaled 4,309,326.
FL stock dropped -29.50% since last month. On 08/23/23, the company’s shares reached a one-month low of $14.84. The stock touched a high of $47.22 on 02/03/23, after rallying from a low of $14.84 in 52 weeks. The price of FL stock has declined by -50.99% or -$19.27 this year, reaching a new high 10 times. Still, the stock price is down -60.78% from the 52-week high.
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Insider Transactions
FL stock investors should be aware that Foot Locker Inc. (FL) stock had its last reported insider trading activity 209 days ago on Feb 01. On Feb 01, SVP & Chief Accounting Officer Cipriano Giovanna sold 25,554 shares at $45.00 each. This transaction resulted in the insider making $1,149,930. On Feb 01, Maurer John A sold 2,000 shares at a price of US$45.07. After the transaction, the insider now owns 21,221 shares. VP, Treasurer Maurer John A had earlier sold 3,500 shares on Jan 26 for $42.01 a share. The transaction was completed for $147,035.
Valuation Metrics
Foot Locker Inc. (FL) has a trailing price-to-earnings (P/E) ratio of 11.79. Beta for the stock is 1.31. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.21, the price-to-book (PB) ratio of 0.53.
Company paid $0.40 per share in dividends, remained unchanged from $0.40 last year.
Financial Health
For the three months ended July 30, Foot Locker Inc.’s quick ratio was 0.40, while its current ratio was 1.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.14, and the total debt to equity ratio is 0.14. As far as profitability goes, gross margin for the trailing twelve months is 30.10% percent. Foot Locker Inc.’s EBITDA margin for the year ended July 30 was 10.29%, whereas its operating margin stood at 7.20% for the same period. Based on annual data, it had gross profit of $2.8 billion and revenue of $8.76 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FL’s return on assets (ROA) during the last 12 months has been 4.40%. There was a 9.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.50%.
Earnings Surprise
According to Foot Locker Inc.’s quarterly financial report for the quarter that ended July 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.93 billion, while revenues fell by -12.64% to $2.35 billion. It was predicted that Foot Locker Inc.’s quarterly earnings would be $0.04, but it ended up being $0.04. At the end of Foot Locker Inc.’s most recent quarter ended July 30, its liabilities totaled 4.29 billion, while its total debt was $3.03 billion.
Technical Picture
Here’s a quick look at Foot Locker Inc.’s (FL) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 26.64%, suggesting the stock is oversold, with a 173.85% historical volatility rate.
The stochastic %K and %D were 24.79% and 19.04% respectively, while the average true range (ATR) was 1.53. Based on the 14-day stochastic reading of 31.56%, the RSI (14) reading is 27.34%. On the 9-day MACD Oscillator, the stock is at -3.72, and the 14-day reading is at -5.17.
Analyst Ratings
In a note to investors, Telsey Advisory Group maintained its an Outperform rating on Foot Locker Inc. (NYSE: FL). However, the firm raised their price target to $22, indicating a possible increase of 48.56% in the stock price. Analysts have assigned Foot Locker Inc. (FL) an Hold rating. FL is a stock that is recommended for selling by 1 brokerage firm, while 15 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is FL’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $30.00, with a median target price of $19.00. In analyzing these forecasts, the average price target given by analysts for Foot Locker Inc. (FL) is $20.65.
