Foot Locker (NYSE:FL) Trading Up 6.1%

Foot Locker, Inc. (NYSE:FL)’s stock price shot up 6.1% on Monday . The stock traded as high as $23.18 and last traded at $23.14. 2,542,299 shares traded hands during trading, a decline of 29% from the average session volume of 3,584,715 shares. The stock had previously closed at $21.81.

Wall Street Analysts Forecast Growth

FL has been the subject of a number of research analyst reports. UBS Group upgraded shares of Foot Locker from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $12.00 to $23.00 in a report on Monday, March 11th. Barclays decreased their target price on Foot Locker from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, March 7th. Telsey Advisory Group reissued a “market perform” rating and set a $28.00 price target (down previously from $38.00) on shares of Foot Locker in a research report on Thursday, March 7th. Citigroup upgraded Foot Locker from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $24.00 in a report on Friday, March 22nd. Finally, Jefferies Financial Group dropped their target price on shares of Foot Locker from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $24.56.

Foot Locker Stock Up 1.0 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.55 and a current ratio of 1.72. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -6.75, a PEG ratio of 0.56 and a beta of 1.50. The business’s 50 day moving average price is $24.63 and its 200 day moving average price is $26.43.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Wednesday, March 6th. The athletic footwear retailer reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. Foot Locker had a negative net margin of 4.04% and a positive return on equity of 4.25%. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business earned $0.97 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts forecast that Foot Locker, Inc. will post 1.55 EPS for the current year.

Hedge Funds Weigh In On Foot Locker

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Foot Locker during the third quarter worth about $310,000. New York State Teachers Retirement System increased its holdings in shares of Foot Locker by 3.2% in the third quarter. New York State Teachers Retirement System now owns 110,967 shares of the athletic footwear retailer’s stock valued at $1,925,000 after purchasing an additional 3,410 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Foot Locker by 17.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,187 shares of the athletic footwear retailer’s stock worth $281,000 after buying an additional 2,397 shares during the last quarter. Advisor Partners II LLC grew its holdings in Foot Locker by 550.3% in the 3rd quarter. Advisor Partners II LLC now owns 56,456 shares of the athletic footwear retailer’s stock valued at $980,000 after buying an additional 47,774 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Foot Locker by 5.7% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 24,199 shares of the athletic footwear retailer’s stock worth $420,000 after acquiring an additional 1,298 shares during the period.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.