The Goldman Sachs Group Issues Pessimistic Forecast for Foot Locker (NYSE:FL) Stock Price

Foot Locker (NYSE:FL – Get Free Report) had its worth goal lowered by funding analysts at The Goldman Sachs Group from $25.00 to $22.00 in a report launched on Thursday,Benzinga experiences. The agency presently has a “promote” score on the athletic footwear retailer’s inventory.

A number of different analysis corporations have additionally lately weighed in on FL. Gordon Haskett began protection on shares of Foot Locker in a analysis report on Monday, October seventh. They issued an “accumulate” score and a $27.00 worth goal for the corporate. JPMorgan Chase & Co. lowered their worth goal on shares of Foot Locker from $27.00 to $23.00 and set an “underweight” score for the corporate in a report on Wednesday. UBS Group decreased their worth goal on Foot Locker from $26.00 to $22.00 and set a “impartial” score on the inventory in a report on Thursday. Williams Buying and selling raised Foot Locker from a “promote” score to a “maintain” score and lifted their goal worth for the corporate from $17.00 to $21.00 in a analysis word on Wednesday, November twenty seventh. Lastly, Needham & Firm LLC reaffirmed a “purchase” score and set a $27.00 worth goal on shares of Foot Locker in a analysis word on Wednesday. 4 analysis analysts have rated the inventory with a promote score, 9 have issued a maintain score and 5 have issued a purchase score to the corporate. Primarily based on knowledge from MarketBeat, the inventory presently has a consensus score of “Maintain” and a consensus goal worth of $25.29.

Examine Out Our Newest Inventory Report on FL

Foot Locker Inventory Up 3.9 %

Shares of NYSE:FL opened at $22.00 on Thursday. The corporate’s fifty day shifting common is $23.87 and its 200-day shifting common is $25.80. The corporate has a debt-to-equity ratio of 0.15, a fast ratio of 0.49 and a present ratio of 1.67. Foot Locker has a 52 week low of $19.33 and a 52 week excessive of $35.60. The corporate has a market capitalization of $2.09 billion, a PE ratio of -4.88, a P/E/G ratio of 0.64 and a beta of 1.46.

Foot Locker (NYSE:FL – Get Free Report) final launched its quarterly earnings outcomes on Wednesday, December 4th. The athletic footwear retailer reported $0.33 EPS for the quarter, lacking analysts’ consensus estimates of $0.40 by ($0.07). The agency had income of $1.96 billion throughout the quarter, in comparison with analyst estimates of $2.01 billion. Foot Locker had a damaging web margin of 5.24% and a constructive return on fairness of two.91%. Foot Locker’s quarterly income was down 1.4% on a year-over-year foundation. Throughout the identical quarter final 12 months, the agency earned $0.30 earnings per share. Equities analysis analysts predict that Foot Locker will put up 1.52 earnings per share for the present fiscal 12 months.

Institutional Buying and selling of Foot Locker

Various hedge funds have lately modified their holdings of the corporate. Quarry LP acquired a brand new stake in shares of Foot Locker throughout the second quarter price about $31,000. Fifth Third Bancorp elevated its stake in Foot Locker by 116.0% throughout the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s inventory price $34,000 after buying a further 733 shares within the final quarter. Northwestern Mutual Wealth Administration Co. raised its holdings in Foot Locker by 156.1% throughout the 2nd quarter. Northwestern Mutual Wealth Administration Co. now owns 1,616 shares of the athletic footwear retailer’s inventory price $40,000 after shopping for a further 985 shares throughout the interval. Headlands Applied sciences LLC purchased a brand new place in Foot Locker within the second quarter valued at roughly $43,000. Lastly, nVerses Capital LLC acquired a brand new place in shares of Foot Locker within the third quarter valued at roughly $47,000.

Foot Locker Firm Profile

(Get Free Report)

Foot Locker, Inc, by means of its subsidiaries, operates as a footwear and attire retailer in North America, Europe, Australia, New Zealand, Asia, and the Center East. Its model portfolio consists of Foot Locker, a model comprising sneakers and attire; Youngsters Foot Locker, which provides athletic footwear, attire, and equipment for youngsters; and Champs Sports activities that operates as a mall-based specialty athletic footwear and attire retailer.

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