Barclays has recently raised Foot Locker Inc (FL) stock to Overweight rating, as announced on August 29, 2024, according to Finviz. Earlier, on August 29, 2024, Telsey Advisory Group had reiterated the stock to Market Perform, setting a price target of $30. for FL stock. Piper Sandler also resumed Neutral rating with a price target of $30. Additionally, Morgan Stanley reduced their rating on July 18, 2024, with a target price of $18. Telsey Advisory Group analysts, in their report published on May 31, 2024, also reiterated Market Perform rating and set a price target of $26 for Foot Locker Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Sponsored
Foot Locker Inc (FL) Stock Trading Recap
On Friday, Foot Locker Inc (FL) stock saw a decline, ending the day at $26.16 which represents a decrease of $-1.27 or -4.63% from the prior close of $27.43. The stock opened at $27.41 and touched a low of $25.96 during the day, reaching a high of $27.77. The volume of shares traded was 3.64 million exceeding the average volume of 2.73 million.
FL Stock Performance and Moving Averages
In recent trading, Foot Locker Inc (FL) stock price has shown some volatility, fluctuating -16.42% over the last five trades and -5.53% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 7.48%, and it has gained 1.08% in the previous three months. Currently, FL is trading at -16.31%, -6.14%, and -2.82% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, FL, a Consumer Cyclical sector stock, is trading -26.52% below its 52-week high but remains 56.83% above its 52-week low. The Average True Range (ATR) (14 days) of 1.61 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Foot Locker Inc’s Profitability and Valuation Ratios
Foot Locker Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 1.71% and a profit margin of -4.48%, with a gross margin of 7.48%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Foot Locker Inc’s market capitalization stands at $2.48 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.51. Additionally, the Price-to-Sales Ratio is 0.3, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.86, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 11.75% of Foot Locker Inc (FL)’s shares, while financial institutions hold 88.31%.
Notable insider trades include Vesa Equity Investment S.a r.l, 10% Owner at Foot Locker Inc (FL), who sold 337778 shares on Aug 27 ’24, at $32.99 each, totaling $11.14 million. On Aug 26 ’24, Vesa Equity Investment S.a r.l, 10% Owner, sold 539180 shares for $33.22 each, amounting to $17.91 million. Additionally, on Aug 23 ’24, Vesa Equity Investment S.a r.l sold 213520 shares at $32.93 each, generating $7.03 million.
