Set Your Sights On Foot Locker Inc. (NYSE: FL)’S Upside Potential


Boston Partners Global Investors,.. has recently announced that it has increased stake in Foot Locker Inc. (NYSE:FL) by 0.51%. After grabbing 8.83 million shares, the institutional investor is now in possession of 44699.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 8.47% having worth around $259.56 million. Moreover, Dimensional Fund Advisors LP increased its share by 0.69 million to have a control over 4.62 million shares. And AllianceBernstein LP raised its holdings to 0.56 million shares by acquiring 3.33 million shares or 3.20% of the stake.

Foot Locker Inc. (FL) concluded trading on 08/26/20 at a closing price of $29.14, with 2.24 million shares of worth about $65.26 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 5.96% during that period and on Wednesday the price saw a loss of about -1.75%. Currently the company’s common shares owned by public are about 104.30M shares, out of which, 96.56M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 23 analysts are covering the FL stock and their offered price forecasts bring an average price target of $32.45. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $40.00 and could fall to a lowest price of $20.00. Analysts also issued an outlook of 2.50 for the Foot Locker Inc. stock for next 12 months. The stock’s current price level is 10.09% above of average price target set by the analysts, while a rise to estimated low would result in loss of -45.7 for the stock. However, touching the estimated high of $40.00 would mean a gain of 27.15% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 63 times over the past 12 months. They bought 543,547 shares in 63 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

Vanguard Total Stock Market Index, Oakmark Equity & Income Fund, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Foot Locker Inc. Vanguard Total Stock Market Index is currently holding 2.99 million shares of worth totaling $87.73 million. The company recently came selling 2123.0 shares which brought its stake up to 2.86% of the company’s outstanding shares. Oakmark Equity & Income Fund sold -0.67 million shares, after which its hold over company’s outstanding shares shrunk to 2.74%, leaving 2.85 million shares with the mutual fund that have a worth of about $83.86 million. iShares Core S&P Mid Cap ETF, after selling 2.76 million shares, have now control over 2.65% of the stake in the company. It holds 20706.0 shares of worth $81.18 million.

Foot Locker Inc. (NYSE: FL) started trading at $30.02, above $0.36 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $29.14, or with a loss of -1.75%. Stock saw a price change of 5.96% in past 5 days and over the past one month there was a price change of -3.22%. Year-to-date (YTD), FL shares are showing a performance of -25.26% which decreased to -17.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.46 but also hit the highest price of $47.86 during that period. While comparing its average daily trading volume of 3.12 million shares, we see that about 2.24 million changed hands on the day. The stock is currently trading 1.78% above its 20-day simple moving average (SMA20), while that difference is up 0.90% for SMA50 and it goes to -8.50% lower than SMA200.

Boston Partners Global Investors,.. acquired 8.83 million shares of Foot Locker Inc. having value of about $259.56 million. Data submitted at the U.S SEC by Boston Partners Global Investors,.. revealed that the firm now holds 44699.0 shares in the company valued at close to $1302528.86, or have control over 0.51% stake in the company. Foot Locker Inc. (NYSE: FL) currently have 104.30M outstanding shares and institutions hold larger chunk of about 88.00% of that. Holding of mutual funds in the company is about 39.00% while other institutional holders and individual stake holders have control over 49.09% and 3.40% of the stake respectively.

The stock has a current market capitalization of $3.00B and its 3Y-monthly beta is at 1.35. PE ratio of stock for trailing 12 months is 14.97, while it has posted earnings per share of $1.95 in the same period. It has Quick Ratio of 0.80 while making debt-to-equity ratio of 0.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FL, volatility over the week remained 5.81% while standing at 4.59% over the month.

Analysts are in expectations that Foot Locker Inc. (FL) stock would likely to be making an EPS of $0.52 in the current quarter, while forecast for next quarter ESPS is $1.17 and it is $3.8 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.12 which is $0.84 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.30% while it is estimated to increase by 101.55% in next year. EPS is likely to shrink at an annualized rate of -4.60% for next 5-years, compared to annual growth of 4.90% made by the stock over the past 5-years.

Analysts at 23 brokerage firms have issued recommendations for the Foot Locker Inc. (FL)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 23 Wall Street analysts, 7 recommended a “Buy” rating, while 14 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Susquehanna on July 10, 2020 offering a Positive rating for the stock and assigned a target price range of between $25 and $34 to it. Coverage by B. Riley FBR stated Foot Locker Inc. (FL) stock as a Neutral in their note to investors on June 22, 2020, suggesting a price target of $32 for the stock. On May 27, 2020, B. Riley FBR Reiterated their recommendations, while on May 15, 2020, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $26. Stock get a Market perform rating from Telsey Advisory Group on March 26, 2020.


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