As of Thursday close, Foot Locker Inc.’s (NYSE:FL) stock was up $1.07, moving up 5.77 percent to $19.62. The average number of shares traded per day over the past five days has been 6,893,540 shares. 4 times new highs have been achieved over the past 5 days, with a $2.16 gain in that time frame. In the last twenty days, the average volume was 7,257,365, while in the previous 50 days, it was 4,495,376.
Since last month, FL stock retreated -23.60%. Shares of the company fell to $14.84 on 08/23/23, the lowest level in the past month. A 52-week high of $47.22 was reached on 02/03/23 after having rallying from a 52-week low of $14.84. Since the beginning of this year, FL’s stock price has dropped by -48.08% or -$18.17, and marked a new high 10 times. However, the stock has declined by -58.45% since its 52-week high.
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FL stock investors should be aware that Foot Locker Inc. (FL) stock had its last reported insider trading activity 212 days ago on Feb 01. Cipriano Giovanna, the SVP & Chief Accounting Officer of the company, disposed of 25,554 shares for $45.00 on Feb 01. It resulted in a $1,149,930 divestment by the insider. Maurer John A sold 2,000 shares at an average price of $45.07 on Feb 01. The insider now owns 21,221 shares following the transaction. On Jan 26, VP, Treasurer Maurer John A sold 3,500 shares at $42.01 apiece. The transaction was valued at $147,035.
Valuation Metrics
Right now, Foot Locker Inc. (FL) has a P/E ratio of about 12.49. The stock’s beta is 1.26. Besides these, the trailing price-to-sales (P/S) ratio of 0.22, the price-to-book (PB) ratio of 0.56.
The latest dividend of $0.40 per share was paid out, remained unchanged from last year’s $0.40.
Financial Health
In the recent quarter, Foot Locker Inc.’s quick ratio stood at 0.40, while its current ratio was 1.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.14, and the total debt-to-equity ratio was 0.14. On the profitability front, the trailing twelve-month gross margin is 30.10% percent. In the recent year, EBITDA margin amounted to 10.29%, whereas operating margins totaled 7.20%. Based on annual data, FL earned $2.8 billion in gross profit and brought in $8.76 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.90%. Return on equity (ROE) for the past 12 months was 10.50%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FL’s revenue fell -12.64% to $2.35 billion during the quarter, while net income inched up to $1.93 billion. The liabilities of Foot Locker Inc. were 4.29 billion at the end of its most recent quarter, and its total debt was $3.03 billion.
Technical Picture
This quick technical analysis looks at Foot Locker Inc.’s (FL) price momentum. With a historical volatility rate of 180.61%, the RSI 9-day stood at 37.98% on 31 August.
With respect to its five-day moving average, the current Foot Locker Inc. price is up by +12.37% percent or $2.16. At present, FL shares trade -23.89% below its 20-day simple moving average and -51.60% percent below its 100-day simple moving average. However, the stock is currently trading approximately -26.32% below its SMA50 and -41.06% below its SMA200.
Stochastic coefficient K was 35.85% and Stochastic coefficient D was 31.63%, while ATR was 1.37. Given the Stochastic reading of 43.77% for the 14-day period, the RSI (14) reading has been calculated as 35.45%. As of today, the MACD Oscillator reading stands at -0.49, while the 14-day reading stands at -2.64.
Analyst Ratings
Telsey Advisory Group reiterated its an Outperform rating on Foot Locker Inc. (NYSE: FL) in a note to investors. The analysts firm has however raised their price target to $22, representing a possible 45.5% increase in the stock price. Foot Locker Inc. (FL) has been rated Hold by analysts. According to 1 brokerage firm, FL is a sell, and 15 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Foot Locker Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $11.00 – $30.00. Based on these forecasts, analysts predict Foot Locker Inc. (FL) will achieve an average price target of $20.65.
