Is Foot Locker Inc (NYSE: FL) Proving The Doubters Wrong?

Foot Locker Inc (FL) concluded trading on Thursday at a closing price of $27.43, with 2.66 million shares of worth about $73.02 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.16% during that period and on September 05, 2024 the price saw a loss of about -3.25%. Currently the company’s common shares owned by public are about 94.22M shares, out of which, 83.59M shares are available for trading.

Stock saw a price change of -6.86% in past 5 days and over the past one month there was a price change of 0.04%. Year-to-date (YTD), FL shares are showing a performance of -11.94% which increased to 45.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.68 but also hit the highest price of $35.60 during that period. The average intraday trading volume for Foot Locker Inc shares is 2.71 million. The stock is currently trading -12.28% below its 20-day simple moving average (SMA20), while that difference is down -1.51% for SMA50 and it goes to 2.02% 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 88.31% of that.

The stock has a current market capitalization of $2.60B and its 3Y-monthly beta is at 1.43. It has posted earnings per share of -$3.88 in the same period. It has Quick Ratio of 0.49 while making debt-to-equity ratio of 1.01. 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 5.56% while standing at 4.71% over the month.

Stock’s fiscal year EPS is expected to rise by 11.18% while it is estimated to increase by 32.46% 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 Barclays on August 29, 2024 offering an Overweight rating for the stock and assigned a target price of $34 to it. Coverage by Telsey Advisory Group stated Foot Locker Inc (FL) stock as a Market perform in their note to investors on August 29, 2024, suggesting a price target of $30 for the stock. On August 23, 2024, Piper Sandler Resumed their recommendations, while on July 18, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $18. Stock get a Market perform rating from Telsey Advisory Group on May 31, 2024.

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