The price of Foot Locker Inc (NYSE: FL) closed at $28.51 in the last session, up 6.10% from day before closing price of $26.87. In other words, the price has increased by $+1.64 from its previous closing price. On the day, 4917755 shares were traded. FL stock price reached its highest trading level at $28.84 during the session, while it also had its lowest trading level at $27.23.
Ratios:
We take a closer look at FL’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 2.68B and an Enterprise Value of 5.43B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 0.67 whereas that against EBITDA is 15.21.
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 28.64, while the 200-Day Moving Average is calculated to be 25.14.
Shares Statistics:
According to the various share statistics, FL traded on average about 3.75M shares per day over the past 3-months and 4.24M shares per day over the past 10 days. 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 94.76% stake in the company. Shares short for FL as of Feb 29, 2024 were 12.33M with a Short Ratio of 2.98, compared to 14.13M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.09% and a Short% of Float of 23.48%.
Dividends & Splits
The forward annual dividend rate for FL is 1.20, which was 1.20 in the trailing 12 months. 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
The company has 17 analysts who recommend its stock at the moment. 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
According to 16 analysts, the current quarter’s revenue is expected to be $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.
