Some Investing Thoughts On Foot Locker Inc (NYSE: FL)

Foot Locker Inc (FL) concluded trading on Thursday at a closing price of $22.45, with 4.14 million shares of worth about $92.98 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.46% during that period and on November 21, 2024 the price saw a gain of about 0.04%. Currently the company’s common shares owned by public are about 94.22M shares, out of which, 83.73M shares are available for trading.

Stock saw a price change of -5.47% in past 5 days and over the past one month there was a price change of -5.51%. Year-to-date (YTD), FL shares are showing a performance of -27.93% which decreased to -1.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.47 but also hit the highest price of $35.60 during that period. The average intraday trading volume for Foot Locker Inc shares is 3.16 million. The stock is currently trading -5.65% below its 20-day simple moving average (SMA20), while that difference is down -8.84% for SMA50 and it goes to -13.28% 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 90.96% of that.

The stock has a current market capitalization of $2.13B 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 4.25% while standing at 4.32% over the month.

Stock’s fiscal year EPS is expected to rise by 10.69% while it is estimated to increase by 30.80% 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 Gordon Haskett on October 07, 2024 offering a Accumulate rating for the stock and assigned a target price of $27 to it. Coverage by Barclays stated Foot Locker Inc (FL) stock as an Overweight in their note to investors on August 29, 2024, suggesting a price target of $34 for the stock. On August 29, 2024, Telsey Advisory Group Reiterated their recommendations, while on August 23, 2024, Piper Sandler Resumed their ratings for the stock with a price target of $30. Stock get an Underweight rating from Morgan Stanley on July 18, 2024.

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