Foot Locker Inc (NYSE:FL) price on current trading day, rose 5.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $22.38.
A look at the stock’s price movement, the level at last check in today’s session was $21.17, moving within a range at $21.53 and $22.5395. The beta value (5-Year monthly) was 1.427. Turning to its 52-week performance, $35.60 and $19.33 were the 52-week high and 52-week low respectively. Overall, FL moved -8.85% over the past month.
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Foot Locker Inc’s market cap currently stands at around $2.12 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 2.32B for the company’s revenue for the quarter, with a low and high estimate of 2.3B and 2.36B respectively. The average forecast suggests down to a -2.52% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.06B, representing a -1.30% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FL is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
17 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 8 analyst(s) rate the stock as a Hold, 5 recommend FL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 4 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FL’s current price about -5.56% and -6.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.96, while 7-day volatility ratio is 7.63% and 5.02% in the 30-day chart. Further, Foot Locker Inc (FL) has a beta value of 1.46, and an average true range (ATR) of 1.34. Analysts have given the company’s stock an average 52-week price target of $28, forecast between a low of $20 and high of $34. Looking at the price targets, the low is 10.63% off recent price level in today’s trading while to achieve the yearly target high, it has to move -51.92%. Nonetheless, investors will most likely welcome a -25.11% jump to $28 which is the analysts’ median price.
If we refocus on Foot Locker Inc (NYSE:FL), historical trading data shows that trading volumes averaged 6.65 over the past 10 days and 3.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 94.85 million shares.
The 11.73% of Foot Locker Inc’s shares are in the hands of company insiders while institutional holders own 90.99% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.82 million on 2024-11-15, giving us a short ratio of 3.29. The data shows that as of 2024-11-15 short interest in Foot Locker Inc (FL) stood at 1574.0000000000002 of shares outstanding, with shares short falling to 9.7 million registered in 2024-10-15. Current price change has pushed the stock -28.16% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FL stock continues to rise going into the next quarter.
