Foot Locker Inc (NYSE: FL) closed the day trading at $24.20 down -0.58% from the previous closing price of $24.34. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 5578508 shares were traded.
Ratios:
For a better understanding of FL, let’s look at 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, Telsey Advisory Group on March 07, 2024, Downgraded its rating to Market Perform and sets its target price to $28 from $38 previously.
On March 01, 2024, Telsey Advisory Group reiterated its Outperform rating and also lowered its target price recommendation from $31 to $38.
Piper Sandler Upgraded its Neutral to Overweight on December 14, 2023, whereas the target price for the stock was revised from $24 to $33.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 5.03B. 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 0.71. Its current Enterprise Value per Revenue stands at 0.62 whereas that against EBITDA is 14.08.
Stock Price History:
The Beta on a monthly basis for FL is 1.43, which has changed by -39.53% over the last 52 weeks, in comparison to a change of 32.88% over the same period for the S&P500. Over the past 52 weeks, FL has reached a high of $47.00, while it has fallen to a 52-week low of $14.84. The 50-Day Moving Average of the stock is 30.04, while the 200-Day Moving Average is calculated to be 25.24.
Shares Statistics:
Over the past 3-months, FL traded about 3.68M shares per day on average, while over the past 10 days, FL traded about 7.41M shares per day. A total of 91.91M shares are outstanding, with a floating share count of 81.44M. Insiders hold about 13.51% of the company’s shares, while institutions hold 94.57% stake in the company. Shares short for FL as of Feb 15, 2024 were 12.61M with a Short Ratio of 3.42, compared to 11.48M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.39% and a Short% of Float of 24.01%.
Dividends & Splits
FL’s forward annual dividend rate is 1.20, up from 1.20 a year ago. The stock’s 5-year Average Dividend Yield is 3.89. 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
Current recommendations for the stock of the company come from 17 analysts. On average, analysts expect EPS of $0.29 for the current quarter, with a high estimate of $0.85 and a low estimate of $0.08, while EPS last year was $0.7. The consensus estimate for the next quarter is $0.09, with high estimates of $0.41 and low estimates of -$0.05.
Analysts are recommending an EPS of between $2.68 and $1.35 for the fiscal current year, implying an average EPS of $1.74. EPS for the following year is $2.35, with 15 analysts recommending between $3.5 and $1.43.
Revenue Estimates
16 analysts predict $1.89B in revenue for the current quarter. It ranges from a high estimate of $1.98B to a low estimate of $1.78B. As of the current estimate, Foot Locker Inc’s year-ago sales were $1.99B, an estimated decrease of -5.10% 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 $8.54B, while the lowest revenue estimate was $7.72B, resulting in an average revenue estimate of $8.09B. In the same quarter a year ago, actual revenue was $8.17B, down -1.00% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $8.32B in the next fiscal year. The high estimate is $8.51B and the low estimate is $7.79B. The average revenue growth estimate for next year is up 2.80% from the average revenue estimate for this year.
