While Foot Locker Inc has overperformed by 0.97%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FL fell by -21.25%, with highs and lows ranging from $47.00 to $14.84, whereas the simple moving average jumped by 35.09% in the last 200 days.
On December 14, 2023, Piper Sandler Upgraded Foot Locker Inc (NYSE: FL) to Overweight. A report published by Telsey Advisory Group on November 30, 2023, Reiterated its previous ‘Outperform’ rating for FL. Citigroup also Downgraded FL shares as ‘Sell’, setting a target price of $18 on the company’s shares in a report dated November 27, 2023. Evercore ISI initiated its ‘In-line’ rating for FL, as published in its report on November 07, 2023. JP Morgan’s report from October 24, 2023 suggests a price prediction of $17 for FL shares, giving the stock a ‘Underweight’ rating. Goldman also rated the stock as ‘Sell’.
Analysis of Foot Locker Inc (FL)
The current dividend for FL investors is set at $1.20 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -8.47%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Foot Locker Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 2.51% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.35, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and FL is recording an average volume of 3.45M. On a monthly basis, the volatility of the stock is set at 4.13%, whereas on a weekly basis, it is put at 3.58%, with a gain of 0.97% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.20, showing decline from the present price of $34.43, which can serve as yet another indication of whether FL is worth investing in or should be passed over.
How Do You Analyze Foot Locker Inc Shares?
Foot Locker Inc (FL) is based in the USA and is one of the most prominent companies operating in the Apparel Retail market. When comparing Foot Locker Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 41.92, there is a growth in quarterly earnings of -70.83%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.51%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 94.55% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FL shares are owned by institutional investors to the tune of 94.55% at present.
