Zacks Investment Research analysts recently upgraded the rating of Foot Locker to “Strong-Buy” from an earlier “Hold” rating in a report issued by the firm on Wednesday, January 20th. The current target price consensus issued by Zacks to FL stocks is $54.00. This suggests a potential upside for the athletic footwear manufacturing company of about 14.41% since its last close.
Zacks’ report mentions that the company is currently under a growing curve for the last six months. Their report suggests that the recent expansion of product lines by the company will yield good results in the near future.
NYSE: FL Stock Analysis
Foot Locker stocks traded at $47.20 this Wednesday. The company’ current market capitalization stands at $4.92 billion. It has a PE ratio of 14.05 along with a beta of 1.29 at the moment. The 12-monthly high to low ranges from $48.48 to $17.46. The 50SMA (50 Days Simple Moving Average) stands at $42.12 and its 200SMA stands at $35.69. The debt-to-equity of this company is 0.05. The current ratio stands at 1.83 along with a quick ratio of 1.06.
The quarterly earnings report for the previous quarter was released on the 19th of November. The earnings stood at $1.21 EPS as opposed to the general consensus of $0.63. The company’s return on equity stands at 12.35% along with the net margin of 4.66%. The estimated income for the firm was marked at $1.94 billion but it made $2.11 billion for the quarter. The FY2021 EPS might stand at 2.55 according to analysts.
NYSE: FL has recently been the subject of a lot of reports by research analysts. Some such as Wells Fargo & Company, Deutsche Bank, Pivotal Research, UBS Group and so on have posted reports on this company over the last few months.
The recent consensus on this company’s stocks stands at “Buy” rating with $41.57 as a consensus on the target price. Several hedge funds have also been involved in buying and selling of NYSE: FL shares recently.
