Foot Locker (NYSE:FL) Hits New 1-Year Low – Time to Sell?

Shares of Foot Locker, Inc. (NYSE:FL) reached a new 52-week low during trading on Monday . The stock traded as low as $18.98 and last traded at $18.90, with a volume of 511171 shares changing hands. The stock had previously closed at $20.05.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Jefferies Financial Group cut their target price on Foot Locker from $27.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Williams Trading raised Foot Locker from a “sell” rating to a “hold” rating and raised their price objective for the stock from $17.00 to $21.00 in a research report on Wednesday, November 27th. Guggenheim dropped their target price on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Morgan Stanley dropped their price objective on shares of Foot Locker from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Finally, UBS Group lowered their price objective on Foot Locker from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.94.

Foot Locker Trading Up 1.8 %

The company’s 50 day moving average is $21.59 and its 200-day moving average is $24.77. The company has a current ratio of 1.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last posted its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Foot Locker’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts expect that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year.

Institutional Trading of Foot Locker

Several hedge funds have recently made changes to their positions in FL. Northwestern Mutual Wealth Management Co. lifted its stake in Foot Locker by 156.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the athletic footwear retailer’s stock valued at $40,000 after buying an additional 985 shares during the last quarter. nVerses Capital LLC acquired a new position in Foot Locker during the 3rd quarter valued at about $47,000. R Squared Ltd bought a new position in Foot Locker in the 4th quarter worth about $50,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Foot Locker in the third quarter valued at approximately $58,000. Finally, Blue Trust Inc. raised its holdings in shares of Foot Locker by 537.0% during the third quarter. Blue Trust Inc. now owns 2,981 shares of the athletic footwear retailer’s stock valued at $74,000 after buying an additional 2,513 shares during the last quarter.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.