Foot Locker Inc. (NYSE:FL) shares, rose in value on Thursday, May 25, with the stock price down by -1.41% to the previous day’s close as strong demand from buyers drove the stock to $25.79.
Actively observing the price movement in the recent trading, the stock is buoying the session at $26.16, falling within a range of $26.12 and $27.6898. The value of beta (5-year monthly) is 1.21 whereas the PE ratio is 7.26 over 12-month period. Referring to stock’s 52-week performance, its high was $47.22, and the low was $23.85. On the whole, FL has fluctuated by -37.43% over the past month.
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With the market capitalization of Foot Locker Inc. currently standing at about $3.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for Aug 17, 2023 – Aug 21, 2023. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 6.12%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.04, which is expected to increase to $0.8 for fiscal year $2.16 and then to about $3.1 by fiscal year 2025. Data indicates that the EPS growth is expected to be -56.40% in 2025, while the next year’s EPS growth is forecast to be 43.50%.
Analysts have estimated the company’s revenue for the quarter at $1.88 billion, with a low estimate of $1.82 billion and a high estimate of $1.94 billion. According to the average forecast, sales growth in current quarter could jump down -9.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $8.08 billion, representing a decrease of -7.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.
21 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 13 analyst(s), 5 recommend it as a Buy and 0 called the FL stock Overweight. In the meantime, 1 analyst(s) believe the stock as Underweight and 2 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FL currently trading nearly -31.92% and -34.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 21.24, while the 7-day volatility ratio is showing 6.26% which for the 30-day chart, stands at 4.08%. Furthermore, Foot Locker Inc. (FL)’s beta value is 1.19, and its average true range (ATR) is 2.05.
A comparison of Foot Locker Inc. (FL) with its peers suggests the former has fared considerably weaker in the market. FL showed an intraday change of -1.41% in today’s session so far, and over the past year, it shrunk by -14.29%%. In comparison, NIKE Inc. (NKE) has moved higher at 0.27% today and is up 1.20% over the past 12 months. The PE ratio stands at 7.26 for Foot Locker Inc., compared to 31.24 for NIKE Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.63%. Meanwhile, the Dow Jones Industrial Slipped by -0.21%.
Data on historical trading for Foot Locker Inc. (NYSE:FL) indicates that the trading volumes over the past 10 days have averaged 9.27 million and over the past 3 months, they’ve averaged 3.76 million. According to company’s latest data on outstanding shares, there are 93.40 million shares outstanding.
Nearly 1.10% of Foot Locker Inc.’s shares belong to company insiders and institutional investors own 97.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.59 million shares as on Apr 27, 2023, resulting in a short ratio of 4.43. According to the data, the short interest in Foot Locker Inc. (FL) stood at 10.26% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 8.57 million. The stock has fallen by -31.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FL stock heading into the next quarter.