Foot Locker, Inc. (NYSE:FL) has a beta value of 1.36 and has seen 1,311,770 shares traded in the recent trading session. The company, currently valued at $6.33 Billion, closed the recent trade at $61.22 per share which meant it gained $2.24 on the day or 3.8% during that session. The FL stock price is -0.74% off its 52-week high price of $61.67 and 65.66% above the 52-week low of $21.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.5 Million shares traded. The 3-month trading volume is 1.91 Million shares.
The consensus among analysts is that Foot Locker, Inc. (FL) is an Overweight stock at the moment, with a recommendation rating of 2.1. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 7 out of 20 have rated it as a Hold, with 12 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $1.04.
Foot Locker, Inc. (NYSE:FL) trade information
Sporting 3.8% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the FL stock price touched $61.68- or saw a rise of 0.78%. Year-to-date, Foot Locker, Inc. shares have moved 51.34%, while the 5-day performance has seen it change 7.18%. Over the past 30 days, the shares of Foot Locker, Inc. (NYSE:FL) have changed 7.84%. Short interest in the company has seen 4.71 Million shares shorted with days to cover at 2.47.
Wall Street analysts have a consensus price target for the stock at $59.53, which means that the shares’ value could jump -2.76% from the levels at last check today. The projected low price target is $37 while the price target rests at a high of $75. In that case, then, we find that the latest price level in today’s session is +22.51% off the targeted high while a plunge would see the stock lose -39.56% from the levels at last check today.
Foot Locker, Inc. (FL) estimates and forecasts
Figures show that Foot Locker, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +62.26% over the past 6 months, with this year growth rate of 64.77%, compared to 6.8% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 255.2% and -8.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be +6.5%.
16 analysts offering their estimates for the company have set an average revenue estimate of $1.85 Billion for the current quarter. 16 have an estimated revenue figure of $1.82 Billion for the next quarter concluding in July 01, 2021. Year-ago sales stood $1.31 Billion for this quarter, and analysts expect sales will grow by 41.3% for the current quarter.
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 -4.4% over the past 5 years. Earnings growth for 2021 is a modest -32% while over the next 5 years, the company’s earnings are expected to increase by 11.64%.
Foot Locker, Inc. is expected to release its next earnings report between May 20 and May 24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.8 at a share yield of 1.36%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.9%.
Foot Locker, Inc. (NYSE:FL)’s Major holders
Insiders own 1.32% of the company shares, while shares held by institutions stand at 96.06% with a share float percentage of 97.35%. Investors are also buoyed by the number of investors in a company, with Foot Locker, Inc. having a total of 531 institutions that hold shares in the company. The top two institutional holders are Vesa Equity Investment S.a r.l. with over 12.93 Million shares worth more than $522.9 Million. As of December 30, 2020, Vesa Equity Investment S.a r.l. held 12.52% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 9.19 Million shares as of December 30, 2020. The firm’s total holdings are worth over $371.82 Million and represent 8.9% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Low-Priced Stock Fund and Vanguard Total Stock Market Index Fund. As of January 30, 2021, the former fund manager holds about 3.32% shares in the company for having 3428019 shares of worth $150.22 Million while later fund manager owns 2.97 Million shares of worth $119.94 Million as of December 30, 2020, which makes it owner of about 2.87% of company’s outstanding stock.