After finishing at $22.92 in the prior trading day, Foot Locker Inc (NYSE: FL) closed at $23.38, up 2.01%. In other words, the price has increased by $+0.46 from its previous closing price. On the day, 2644568 shares were traded. FL stock price reached its highest trading level at $23.60 during the session, while it also had its lowest trading level at $22.56.
Ratios:
Our goal is to gain a better understanding of FL by taking a closer 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, UBS on March 11, 2024, Upgraded its rating to Neutral and sets its target price to $23 from $12 previously.
On March 07, 2024, Telsey Advisory Group Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $38 to $28.
Telsey Advisory Group reiterated its Outperform rating for the stock on March 01, 2024, while the target price for the stock was revised from $31 to $38.
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 2.16B and an Enterprise Value of 4.91B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 0.60 whereas that against EBITDA is 13.74.
Stock Price History:
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 29.08, while the 200-Day Moving Average is calculated to be 25.15.
Shares Statistics:
The stock has traded on average 3.67M shares per day over the past 3-months and 7.32M shares per day over the last 10 days, according to various share statistics. 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 94.58% stake in the company. Shares short for FL as of Feb 29, 2024 were 12.33M with a Short Ratio of 3.36, 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
In the trailing 12 months, FL’s forward annual dividend rate was 1.20, compared to 1.20 this year. 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
Its stock is currently analyzed by 17 different market analysts. 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 $1.7 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
16 analysts predict $1.89B in revenue for the current quarter. 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 $8.2B, while the lowest revenue estimate was $8.06B, resulting in an average revenue estimate of $8.13B. 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 $8.52B 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.
