As of close of business last night, Foot Locker Inc’s stock clocked out at $24.09, down -1.03% from its previous closing price of $24.34. In other words, the price has decreased by -$0.25 from its previous closing price. On the day, 2973000 shares were traded. FL stock price reached its highest trading level at $24.76 during the session, while it also had its lowest trading level at $24.08.
Ratios:
To gain a deeper understanding of FL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 1.72. In the meantime, Its Debt-to-Equity ratio is 1.02 whereas as Long-Term Debt/Eq ratio is at 0.85.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on March 25, 2024, Upgraded its rating to Outperform and sets its target price to $32 from $28 previously.
On March 22, 2024, Citigroup Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $19 to $24.
UBS Upgraded its Sell to Neutral on March 11, 2024, whereas the target price for the stock was revised from $12 to $23.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 08 ’23 when Dillon Mary N bought 5,510 shares for $18.17 per share. The transaction valued at 100,117 led to the insider holds 27,649 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FL now has a Market Capitalization of 2.28B and an Enterprise Value of 4.92B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 0.60 whereas that against EBITDA is -22.89.
Stock Price History:
Over the past 52 weeks, FL has reached a high of $42.79, while it has fallen to a 52-week low of $14.84. The 50-Day Moving Average of the stock is 28.43, while the 200-Day Moving Average is calculated to be 25.11.
Shares Statistics:
It appears that FL traded 3.82M shares on average per day over the past three months and 4.55M shares per day over the past ten days. A total of 94.22M shares are outstanding, with a floating share count of 81.36M. Insiders hold about 13.90% of the company’s shares, while institutions hold 94.36% stake in the company. Shares short for FL as of Mar 15, 2024 were 11.18M with a Short Ratio of 2.93, compared to 12.61M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.86% and a Short% of Float of 21.26%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.20, FL has a forward annual dividend rate of 1.20. The stock’s 5-year Average Dividend Yield is 3.92. The current Payout Ratio is 44.68% for FL, which recently paid a dividend on Oct 27, 2023 with an ex-dividend date of Oct 12, 2023. Stock splits for the company last occurred on Jun 01, 1990 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 17 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.19 and a low estimate of $0.08, while EPS last year was $0.7. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.06 and low estimates of -$0.23.
Analysts are recommending an EPS of between $1.75 and $1.19 for the fiscal current year, implying an average EPS of $1.54. EPS for the following year is $2.22, with 17 analysts recommending between $2.75 and $1.43.
Revenue Estimates
In the current quarter, 16 analysts expect revenue to total $1.89B. It ranges from a high estimate of $1.92B to a low estimate of $1.85B. As of the current estimate, Foot Locker Inc’s year-ago sales were $1.99B, an estimated decrease of -5.00% from the year-ago figure.
A total of 17 analysts have provided revenue estimates for FL’s current fiscal year. The highest revenue estimate was $8.27B, while the lowest revenue estimate was $8.06B, resulting in an average revenue estimate of $8.14B. In the same quarter a year ago, actual revenue was $8.17B, down -0.40% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $8.37B in the next fiscal year. The high estimate is $8.56B and the low estimate is $8.14B. The average revenue growth estimate for next year is up 2.90% from the average revenue estimate for this year.
