Foot Locker, Inc. (NYSE:FL) has a beta value of 1.34 and has seen 2,291,960 shares traded in the last trading session. The company, currently valued at $4.93 Billion, closed the last trade at $47.27 per share which meant it gained $0.83 on the day or 1.79% during that session. The FL stock price is -0.87% off its 52-week high price of $47.68 and 63.06% above the 52-week low of $17.46. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.1 Million shares traded. The 3-month trading volume is 1.93 Million shares.
The consensus among analysts is that Foot Locker, Inc. (FL) is an Overweight stock at the moment, with a recommendation rating of 2.3. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 10 out of 22 have rated it as a Hold, with 11 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $1.26.
Foot Locker, Inc. (NYSE:FL) trade information
Sporting 1.79% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jan 12 when the FL stock price touched $47.68- or saw a rise of 0.86%. Year-to-date, Foot Locker, Inc. shares have moved 16.89%, while the 5-day performance has seen it change 17.21%. Over the past 30 days, the shares of Foot Locker, Inc. (NYSE:FL) have changed 12.47%. Short interest in the company has seen 6.61 Million shares shorted with days to cover at 3.42.
Wall Street analysts have a consensus price target for the stock at $44.5, which means that the shares’ value could jump -5.86% from current levels. The projected low price target is $29 while the price target rests at a high of $55. In that case, then, we find that the current price level is +16.35% off the targeted high while a plunge would see the stock lose -38.65% from current levels.
Foot Locker, Inc. (FL) estimates and forecasts
Figures show that Foot Locker, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +71.77% over the past 6 months, with this year growth rate of -48.28%, compared to -11.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -22.7% and 229.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be -4.7%.
18 analysts offering their estimates for the company have set an average revenue estimate of $2.27 Billion for the current quarter. 13 have an estimated revenue figure of $1.77 Billion for the next quarter concluding in April 01, 2021. Year-ago sales stood $2.22 Billion and $1.31 Billion respectively for this quarter and the next, and analysts expect sales will grow by 2.1% for the current quarter and 35.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +4.9% over the past 5 years. Earnings growth for 2021 is a modest +2.3% while over the next 5 years, the company’s earnings are expected to increase by -3.66%.
Foot Locker, Inc. is expected to release its next earnings report between February 26 and March 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.6 at a share yield of 1.29%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.88%.
Foot Locker, Inc. (NYSE:FL)’s Major holders
Insiders own 13.55% of the company shares, while shares held by institutions stand at 82.05% with a share float percentage of 94.91%. Investors are also buoyed by the number of investors in a company, with Foot Locker, Inc. having a total of 470 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 9.29 Million shares worth more than $306.86 Million. As of September 29, 2020, Blackrock Inc. held 8.91% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 9.04 Million shares as of September 29, 2020. The firm’s total holdings are worth over $298.74 Million and represent 8.68% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of September 29, 2020, the former fund manager holds about 2.82% shares in the company for having 2936582 shares of worth $97Million while later fund manager owns 2.72 Million shares of worth $101.77 Million as of November 29, 2020, which makes it owner of about 2.61% of company’s outstanding stock.
Even if you’re not actively in crypto, you deserve to know what’s actually going on..
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets are already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.