Institutional Exposure To Foot Locker Inc (FL)

Foot Locker Inc (FL) concluded trading on Wednesday at a closing price of $21.65, with 3.33 million shares of worth about $72.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.69% during that period and on April 17, 2024 the price saw a gain of about 0.60%. Currently the company’s common shares owned by public are about 94.22M shares, out of which, 81.36M shares are available for trading.

However, the stock later moved at a day high price of 23.05, or with a gain of 0.60%. Stock saw a price change of -4.67% in past 5 days and over the past one month there was a price change of -5.54%. Year-to-date (YTD), FL shares are showing a performance of -30.50% which decreased to -46.60% 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 3.90 million. The stock is currently trading -11.75% below its 20-day simple moving average (SMA20), while that difference is down -21.33% for SMA50 and it goes to -13.32% lower than SMA200.

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Foot Locker Inc (NYSE: FL) currently have 94.22M outstanding shares and institutions hold larger chunk of about 93.89% of that.

The stock has a current market capitalization of $2.05B and its 3Y-monthly beta is at 1.48. 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 4.01% while standing at 4.02% over the month.

Stock’s fiscal year EPS is expected to rise by 10.19% while it is estimated to increase by 39.31% 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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