As of Wednesday close, Foot Locker Inc.’s (NYSE:FL) stock was down -$0.26, moving down -1.43 percent to $17.89. The average number of shares traded per day over the past five days has been 6,778,560 shares. 2 times new highs have been achieved over the past 5 days, with a $0.52 gain in that time frame. In the last twenty days, the average volume was 8,425,895, while in the previous 50 days, it was 5,183,610.
Since last month, FL stock retreated -26.59%. 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 -52.66% or -$19.90, and marked a new high 10 times. However, the stock has declined by -62.11% since its 52-week high.
FL stock investors should be aware that Foot Locker Inc. (FL) stock had its last reported insider trading activity 13 days ago on Sep 08. Dillon Mary N, the President & CEO of the company, purchased of 5,510 shares for $18.17 on Sep 08. It resulted in a $100,117 investment by the insider. Cipriano Giovanna sold 25,554 shares at an average price of $45.00 on Feb 01. The insider now owns 28,791 shares following the transaction. On Feb 01, VP, Treasurer Maurer John A sold 2,000 shares at $45.07 apiece. The transaction was valued at $90,140.
Valuation Metrics
Right now, Foot Locker Inc. (FL) has a P/E ratio of about 11.39. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 0.20, the price-to-book (PB) ratio of 0.52.
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 3.50%. 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 4.50%.
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 -10.78% to $1.93 billion during the quarter, while net income inched up to $1.86 billion. During the quarter, the company generated $51.0 million in EBITDA. 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. The value of shareholders’ equity is $94.16 million.
Technical Picture
This quick technical analysis looks at Foot Locker Inc.’s (FL) price momentum. With a historical volatility rate of 41.95%, the RSI 9-day stood at 38.14% on 20 September.
With respect to its five-day moving average, the current Foot Locker Inc. price is up by +2.99% percent or $0.52. At present, FL shares trade -22.89% below its 20-day simple moving average and -57.19% percent below its 100-day simple moving average. However, the stock is currently trading approximately -33.00% below its SMA50 and -54.33% below its SMA200.
Stochastic coefficient K was 24.78% and Stochastic coefficient D was 30.10%, while ATR was 0.80. Given the Stochastic reading of 22.01% for the 14-day period, the RSI (14) reading has been calculated as 35.92%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at -0.40.
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 50.31% 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.
