In the latest trading session, 7.68 million Foot Locker Inc (NYSE:FL) shares changed hands as the company’s beta touched 1.45. With the company’s most recent per share price at $19.80 changed hands at -$4.37 or -18.07% at last look, the market valuation stands at $1.88B. FL’s current price is a discount, trading about -79.8% off its 52-week high of $35.60. The share price had its 52-week low at $20.47, which suggests the last value was -3.38% down since then. When we look at Foot Locker Inc’s average trading volume, we note the 10-day average is 3.99 million shares, with the 3-month average coming to 3.06 million.
Analysts gave the Foot Locker Inc (FL) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.10. If we narrow down to specifics, the data shows that 4 out of 17 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended FL as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Foot Locker Inc’s EPS for the current quarter is expected to be 0.92.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Foot Locker Inc (NYSE:FL) trade information
Instantly FL was in red as seen in intraday trades today. With action -19.11%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -36.43%, with the 5-day performance at -19.11% in the red. However, in the 30-day time frame, Foot Locker Inc (NYSE:FL) is -19.11% down. Looking at the short shares, we see there were 8.82 million shares sold at short interest cover period of 3.29 days.
The consensus price target for the stock as assigned by Wall Street analysts is 29.5, meaning bulls need an upside of 32.88% from its recent market value. According to analyst projections, FL’s forecast low is 21 with 34 as the target high. To hit the forecast high, the stock’s price needs a -71.72% plunge from its current level, while the stock would need to soar -6.06% for it to hit the projected low.
Foot Locker Inc (FL) estimates and forecasts
Data shows that the Foot Locker Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -26.52% over the past 6 months, a 7.04% in annual growth rate that is considerably lower than the industry average of 8.00%. Year-over-year growth is forecast to reach -0.76% down from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 2.34B. 11 analysts are of the opinion that Foot Locker Inc’s revenue for the current quarter will be 1.93B. The company’s revenue for the corresponding quarters a year ago was 2.38B and 1.88B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.79%. The estimates for the next quarter sales put growth at 2.66%.
The 2024 estimates are for Foot Locker Inc earnings to increase by 8.64%, but the outlook for the next 5-year period is at 24.90% per year.
FL Dividends
Foot Locker Inc is expected to release its next quarterly earnings report in January. During the past 5 years, the average dividend yield was 3.85 per year.
Foot Locker Inc (NYSE:FL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.19% of Foot Locker Inc shares while 103.62% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 104.86%. There are 103.62% institutions holding the Foot Locker Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 14.1132% of the shares, roughly 13.37 million FL shares worth $333.06 million.
VESA EQUITY INVESTMENT S.A R.L. holds the second largest percentage of outstanding shares, with 12.1104% or 11.47 million shares worth $285.8 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 5.26 shares estimated at $110.01 million under it, the former controlled 5.54% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.15% of the shares, roughly 2.99 shares worth around $62.54 million.
