Currently, there are 91.91M common shares owned by the public and among those 81.44M shares have been available to trade.
Insiders at the company have transacted a total of 57 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 51 of these insider trades were purchases, accounting for 223,109 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 21,620 shares.
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However, the script later moved the day high at 34.69, up 0.49%. The company’s stock has a 5-day price change of -1.56% and 25.05% over the past three months. FL shares are trading 11.08% year to date (YTD), with the 12-month market performance down to -19.83% lower. It has a 12-month low price of $14.84 and touched a high of $47.00 over the same period. FL has an average intraday trading volume of 3.16 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.97%, 14.32%, and 35.88% respectively.
Institutional ownership of Foot Locker Inc (NYSE: FL) shares accounts for 94.56% of the company’s 91.91M shares outstanding.
It has a market capitalization of $3.26B and a beta (3y monthly) value of 1.43. The stock’s trailing 12-month PE ratio is 42.12, while the earnings-per-share (ttm) stands at $0.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.13% over the week and 4.02% over the month.
Analysts forecast that Foot Locker Inc (FL) will achieve an EPS of $0.32 for the current quarter, $0.63 for the next quarter and $1.95 for 2025. The lowest estimate earnings-per-share for the quarter is $0.26 while analysts give the company a high EPS estimate of $0.52. Comparatively, EPS for the current quarter was $0.97 a year ago. Earnings per share for the fiscal year are expected to decrease by -72.66%, and 37.54% over the next financial year.
Looking at the support for the FL, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Outperform rating for the stock in a research note on March 01, 2024, with the firm’s price target at $31-$38. Piper Sandler coverage for the Foot Locker Inc (FL) stock in a research note released on December 14, 2023 offered a Overweight rating with a price target of $33. Telsey Advisory Group was of a view on November 30, 2023 that the stock is Outperform, while Citigroup gave the stock Sell rating on November 27, 2023, issuing a price target of $18. BTIG Research on their part issued Neutral rating on November 21, 2023.
