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

Foot Locker Inc (FL) concluded trading on Wednesday at a closing price of $25.33, with 4.13 million shares of worth about $104.57 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.26% during that period and on April 3, 2024 the price saw a loss of about -2.46%. Currently the company’s common shares owned by public are about 94.22M shares, out of which, 81.74M shares are available for trading.

Stock saw a price change of -5.73% in past 5 days and over the past one month there was a price change of -25.28%. Year-to-date (YTD), FL shares are showing a performance of -18.68% which decreased to -36.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.84 but also hit the highest price of $42.79 during that period. The average intraday trading volume for Foot Locker Inc shares is 3.84 million. The stock is currently trading 0.25% above its 20-day simple moving average (SMA20), while that difference is down -11.62% for SMA50 and it goes to 0.72% higher than SMA200.

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Foot Locker Inc (NYSE: FL) currently have 94.22M outstanding shares and institutions hold larger chunk of about 94.46% of that.

The stock has a current market capitalization of $2.39B and its 3Y-monthly beta is at 1.43. It has posted earnings per share of -$3.51 in the same period. It has Quick Ratio of 0.55 while making debt-to-equity ratio of 1.02. 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 4.49% while standing at 5.45% over the month.

Analysts are in expectations that Foot Locker Inc (FL) stock would likely to be making an EPS of $0.13 in the current quarter, while forecast for next quarter EPS is -$0.01 and it is $2.22 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.08 which is $0.19 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 $0.7 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 9.38% while it is estimated to increase by 43.13% in next year.

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 Evercore ISI on March 25, 2024 offering an Outperform rating for the stock and assigned a target price range of between $28 and $32 to it. Coverage by Citigroup stated Foot Locker Inc (FL) stock as a Neutral in their note to investors on March 22, 2024, suggesting a price target of $24 for the stock. On March 11, 2024, UBS Upgrade their recommendations, while on March 07, 2024, Telsey Advisory Group Downgrade their ratings for the stock with a price target of $28. Stock get an Outperform rating from Telsey Advisory Group on March 01, 2024.

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