Foot Locker Inc (NYSE:FL) saw a downside of -1.80% to close Monday at $17.44 after subtracting -$0.32 on the day. The 5-day average trading volume is 4,017,400 shares of the company’s common stock. It has gained $18.53 in the past week and touched a new high 2 times within the past 5 days. An average of 5,492,095 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,295,370.
FL’s 1-month performance is -0.11% or $0.23 on its low of $16.68 reached on 09/25/23. The company’s shares have touched a 52-week low of $14.84 and high of $47.22, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, FL has lost -53.85% or -$20.35 and has reached a new high 10 times. However, the current price is down -63.07% from the 52-week high price.
Insider Transactions
FL stock investors last saw insider trading activity on Sep 08.Cipriano Giovanna (SVP & Chief Accounting Officer) most recently sold 25,554 shares at $45.00 per share on Feb 01. This transaction cost the insider $1,149,930. VP, Treasurer, Maurer John A, sold 2,000 shares at a price of $45.07 on Feb 01. Then, on Jan 26, VP, Treasurer Maurer John A sold 3,500 shares at a price of $42.01 per share. This transaction amounted to $147,035.
Valuation Metrics
FL stock has a beta of 1.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.20 while the price-to-book (PB) in the most recent quarter is 0.51.
Foot Locker Inc’s quick ratio for the period ended July 30 was 0.37, with the current ratio over the same period at 1.63. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.77, while the total debt to equity was 0.93. In terms of profitability, the gross margin trailing 12 months is 27.53%. The trailing 12-month EBITDA margin is 10.29% while for the period ending July 30, Foot Locker Inc’s operating margin was 5.12%. The firm’s gross profit as reported stood at $2.8 billion against revenue of $8.76 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 1980.0% to -$5.0 million, while revenue of $36.0 million was 820.0% off the previous quarter. Analysts expected FL to announce $0.04 per share in earnings in its latest quarter, but it posted $0.04, representing a 0.00% surprise. EBITDA for the quarter stood at more than $51.0 million. FL stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 4.29 billion, with total debt at $3.03 billion. Shareholders hold equity totaling $94.16 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 25 September was 34.26% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.82%.
The stock’s 5-day moving average is $17.85, reflecting a -2.41% or -$0.43 change from its current price. FL is currently trading +1.34% above its 20-day SMA, -57.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -31.23% and SMA200 by-54.67%.
Stochastic %K and %D was 25.70% and 24.97% and the average true range (ATR) pointed at 0.77. The RSI (14) points at 34.01%, while the 14-day stochastic is at 31.40% with the period’s ATR at 0.84. The stock’s 9-day MACD Oscillator is pointing at -0.18 and -0.26 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Foot Locker Inc (NYSE: FL), Jefferies downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for FL stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate FL as a “sell,”, while 16 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 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 $11.00 and a high of $30.00, with their median price target at $18.00. Looking at these predictions, the average price target given by analysts is for Foot Locker Inc (FL) stock is $20.06.
