While Foot Locker Inc has underperformed by -2.94%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FL rose by 17.91%, with highs and lows ranging from $35.60 to $19.44, whereas the simple moving average fell by -12.05% in the last 200 days.
On October 07, 2024, Gordon Haskett started tracking Foot Locker Inc (NYSE: FL) recommending Accumulate. A report published by Barclays on August 29, 2024, Upgraded its rating to ‘Overweight’ for FL. Telsey Advisory Group also reiterated FL shares as ‘Market Perform’, quoting a target price of $30 on the company’s shares in a report dated August 29, 2024. Piper Sandler Initiated an Neutral rating on August 23, 2024, and assigned a price target of $30. Morgan Stanley July 18, 2024d its ‘Equal-Weight’ rating to ‘Underweight’ for FL, as published in its report on July 18, 2024. Telsey Advisory Group’s report from May 31, 2024 suggests a price prediction of $27 for FL shares, giving the stock a ‘Market Perform’ rating. Evercore ISI also rated the stock as ‘Outperform’.
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Analysis of Foot Locker Inc (FL)
Further, the quarter-over-quarter increase in sales is 1.93%, showing a positive trend in the upcoming months.
One of the most important indicators of Foot Locker Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -11.88% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.49, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and FL is recording 3.09M average volume. On a monthly basis, the volatility of the stock is set at 3.74%, whereas on a weekly basis, it is put at 4.32%, with a loss of -2.53% over the past seven days. Furthermore, long-term investors anticipate a median target price of $28.47, showing growth from the present price of $23.11, which can serve as yet another indication of whether FL is worth investing in or should be passed over.
How Do You Analyze Foot Locker Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 11.73%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 86.61% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FL shares are owned by institutional investors to the tune of 86.61% at present.
