During the last session, Foot Locker Inc (NYSE:FL)’s traded shares were 3.52 million, with the beta value of the company hitting 1.43. At the end of the trading day, the stock’s price was $31.14, reflecting an intraday loss of -0.51% or -$0.16. The 52-week high for the FL share is $35.60, that puts it down -14.32 from that peak though still a striking 46.44% gain since the share price plummeted to a 52-week low of $16.68. The company’s market capitalization is $2.95B, and the average intraday trading volume over the past 10 days was 4.1 million shares, and the average trade volume was 3.01 million shares over the past three months.
Foot Locker Inc (FL) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.26. FL has a Sell rating from 4 analyst(s) out of 17 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.5.
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Foot Locker Inc (NYSE:FL) trade information
Foot Locker Inc (FL) registered a -0.51% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.51% in intraday trading to $31.14, hitting a weekly high. The stock’s 5-day price performance is -4.80%, and it has moved by 9.46% in 30 days. Based on these gigs, the overall price performance for the year is 67.87%. The short interest in Foot Locker Inc (NYSE:FL) is 11.88 million shares and it means that shorts have 4.82 day(s) to cover.
The consensus price target of analysts on Wall Street is $31, which implies a decrease of -0.45% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $55 respectively. As a result, FL is trading at a discount of -76.62% off the target high and 51.83% off the low.
Foot Locker Inc (FL) estimates and forecasts
Statistics show that Foot Locker Inc has underperformed its competitors in share price, compared to the industry in which it operates. Foot Locker Inc (FL) shares have gone down -10.00% during the last six months, with a year-to-date growth rate less than the industry average at 5.63% against 14.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 66.70% this quarter and then jump 131.60% in the quarter after that. In the rating firms’ projections, revenue will decrease -0.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.02B as predicted by 16 analyst(s). Meanwhile, a consensus of 16 analyst(s) estimates revenue growth to 2.36B by the end of current fiscal year.
While earnings are projected to return 11.38% in 2024, the next five years will return 27.30% per annum.
FL Dividends
Foot Locker Inc is due to release its next quarterly earnings on 2024-Nov-27. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Foot Locker Inc is 0.40, with the dividend yield indicating at 1.28 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.95%.
Foot Locker Inc (NYSE:FL)’s Major holders
Foot Locker Inc insiders own 1.19% of total outstanding shares while institutional holders control 100.32%, with the float percentage being 101.53%. BLACKROCK INC. is the largest shareholder of the company, while 397.0 institutions own stock in it. As of 2024-06-30, the company held over 13.37 million shares (or 14.1132% of all shares), a total value of $333.06 million in shares.
The next largest institutional holding, with 11.47 million shares, is of VESA EQUITY INVESTMENT S.A R.L.’s that is approximately 12.1104% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $285.8 million.
