Foot Locker (NYSE:FL) Sets New 1-Year Low – Should You Sell?

Foot Locker, Inc. (NYSE:FL) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $17.88 and last traded at $17.81, with a volume of 292346 shares trading hands. The stock had previously closed at $18.20.

Analysts Set New Price Targets

FL has been the subject of several recent research reports. Guggenheim lowered their price target on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. The Goldman Sachs Group decreased their target price on shares of Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. UBS Group cut their price target on Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Barclays reduced their price objective on Foot Locker from $34.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Finally, Evercore ISI lowered their target price on Foot Locker from $38.00 to $32.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 26th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $24.94.

Foot Locker Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The company’s 50 day moving average price is $20.62 and its 200-day moving average price is $24.05. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -3.94, a PEG ratio of 0.53 and a beta of 1.48.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $0.30 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Foot Locker, Inc. will post 1.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Foot Locker

Several hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. raised its holdings in Foot Locker by 81.6% during the 4th quarter. Harbour Investments Inc. now owns 1,442 shares of the athletic footwear retailer’s stock worth $31,000 after buying an additional 648 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Foot Locker during the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new stake in shares of Foot Locker during the fourth quarter valued at approximately $50,000. Sterling Capital Management LLC lifted its position in shares of Foot Locker by 819.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,629 shares of the athletic footwear retailer’s stock valued at $57,000 after acquiring an additional 2,343 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Foot Locker in the 3rd quarter worth approximately $58,000.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.