While Foot Locker Inc has overperformed by 3.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FL fell by -45.99%, with highs and lows ranging from $42.79 to $14.84, whereas the simple moving average fell by -10.61% in the last 200 days.
On March 25, 2024, Evercore ISI Upgraded Foot Locker Inc (NYSE: FL) to Outperform. A report published by Citigroup on March 22, 2024, Upgraded its rating to ‘Neutral’ for FL. UBS also Upgraded FL shares as ‘Neutral’, setting a target price of $23 on the company’s shares in a report dated March 11, 2024. Telsey Advisory Group March 07, 2024d the rating to Market Perform on March 07, 2024, and set its price target from $38 to $28. Telsey Advisory Group resumed its ‘Outperform’ rating for FL, as published in its report on March 01, 2024. Piper Sandler’s report from December 14, 2023 suggests a price prediction of $33 for FL shares, giving the stock a ‘Overweight’ rating. Telsey Advisory Group also rated the stock as ‘Outperform’.
Analysis of Foot Locker Inc (FL)
Investors in Foot Locker Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.80 per share. Further, the quarter-over-quarter increase in sales is 2.01%, showing a positive trend in the upcoming months.
One of the most important indicators of Foot Locker Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -10.67% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.55, 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.
For any stock, average volume can also provide valuable insight into volatility, and FL is recording 3.85M average volume. On a monthly basis, the volatility of the stock is set at 3.90%, whereas on a weekly basis, it is put at 3.46%, with a gain of 3.35% over the past seven days. Furthermore, long-term investors anticipate a median target price of $25.20, showing growth from the present price of $22.24, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 13.90%. 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 93.06% 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 93.06% at present.
