Foot Locker Inc (NYSE:FL) has a beta value of 1.46 and has seen 0.53 million shares traded in the recent trading session. The company, currently valued at $2.14B, closed the recent trade at $22.58 per share which meant it gained $0.32 on the day or 1.46% during that session. The FL stock price is -57.66% off its 52-week high price of $35.60 and 14.39% above the 52-week low of $19.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.11 million shares traded. The 3-month trading volume is 3.46 million shares.
The consensus among analysts is that Foot Locker Inc (FL) is Hold stock at the moment, with a recommendation rating of 2.95. 4 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 17 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.73.
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Foot Locker Inc (NYSE:FL) trade information
Sporting 1.46% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the FL stock price touched $22.58 or saw a rise of 3.67%. Year-to-date, Foot Locker Inc shares have moved -27.50%, while the 5-day performance has seen it change 3.17%. Over the past 30 days, the shares of Foot Locker Inc (NYSE:FL) have changed 0.38%. Short interest in the company has seen 8.82 million shares shorted with days to cover at 3.29.
Wall Street analysts have a consensus price target for the stock at $28, which means that the shares’ value could jump 19.36% from the levels at last check today. The projected low price target is $20.0 while the price target rests at a high of $34.0. In that case, then, we find that the latest price level in today’s session is -50.58% off the targeted high while a plunge would see the stock lose 11.43% from the levels at last check today.
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 lost -13.20% over the past 6 months, with this year growth rate of -13.38%, compared to 8.30% for the industry. Revenue growth from the last financial year stood is estimated to be -1.30%.
16 analysts offering their estimates for the company have set an average revenue estimate of 2.32B for the current quarter. 14 have an estimated revenue figure of 1.92B for the next ending quarter. Year-ago sales stood 2.38B and 1.88B respectively for this quarter and the next, and analysts expect sales will shrink by -2.52% for the current quarter and -1.30% for the next.
Earnings growth for 2024 is a modest -13.54% while over the next 5 years, the company’s earnings are expected to increase by 20.59%.
FL Dividends
Foot Locker Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Foot Locker Inc (NYSE:FL)’s Major holders
Insiders own 1.19% of the company shares, while shares held by institutions stand at 103.62% with a share float percentage of 104.86%. Investors are also buoyed by the number of investors in a company, with Foot Locker Inc having a total of 412.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 13.37 million shares worth more than $333.06 million. As of 2024-06-30, BLACKROCK INC. held 14.1132% of shares outstanding.
The other major institutional holder is VESA EQUITY INVESTMENT S.A R.L., with the holding of over 11.47 million shares as of 2024-06-30. The firm’s total holdings are worth over $285.8 million and represent 12.1104% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Oct 31, 2024, the former fund manager holds about 5.54% shares in the company for having 5.25 shares of worth $118.17 million while later fund manager owns 2.99 shares of worth $67.34 million as of Sep 30, 2024, which makes it owner of about 3.15% of company’s outstanding stock.
