We Analyzed the Future Direction of Foot Locker Inc. (FL), Here is What We Found

Foot Locker Inc. (NYSE:FL) went down by -0.21% from its latest closing price compared to the recent 1-year high of $47.86. The company’s stock price has collected -8.35% of loss in the last five trading sessions. Barron’s reported on 09/23/20 that Nike’s Strong Earnings Kick Off a Sector Rally

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Is It Worth Investing in Foot Locker Inc. (NYSE :FL) Right Now?

Foot Locker Inc. (NYSE:FL) scored a price-to-earnings ratio above its average ratio, recording 18.05 x from its present earnings ratio. Plus, the 36-month beta value for FL is at 1.23. Opinions of the stock are interesting as 9 analysts out of 23 who provided ratings for Foot Locker Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 12 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $32.59, which is -$0.1 below the current price. FL currently public float of 96.72M and currently shorts hold a 9.73% ratio of that float. Today, the average trading volume of FL was 3.05M shares.

FL’s Market Performance

FL stocks went down by -8.35% for the week, with a monthly jump of 12.56% and a quarterly performance of 21.03%, while its annual performance rate touched -20.48%. The volatility ratio for the week stands at 4.58% while the volatility levels for the past 30 days are set at 3.89% for Foot Locker Inc.. The simple moving average for the period of the last 20 days is -1.57% for FL stocks with a simple moving average of 6.17% for the last 200 days.

Analysts’ Opinion of FL

Goldman, on the other hand, stated in their research note that they expect to see FL reach a price target of $38. The rating they have provided for FL stocks is “Buy” according to the report published on September 08th, 2020.

Susquehanna gave a rating of “Positive” to FL, setting the target price at $34 in the report published on July 10th of the current year.

FL Trading at 6.98% from the 50-Day Moving Average

After a stumble in the market that brought FL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.47% of loss for the given period.

Volatility was left at 3.89%, however, over the last 30 days, the volatility rate increased by 4.58%, as shares surge +10.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.53% upper at present.

During the last 5 trading sessions, FL fell by -8.35%, which changed the moving average for the period of 200-days by -16.33% in comparison to the 20-day moving average, which settled at $33.47. In addition, Foot Locker Inc. saw -15.88% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for FL

Current profitability levels for the company are sitting at:

  • +8.92 for the present operating margin
  • +29.53 for the gross margin

The net margin for Foot Locker Inc. stands at +6.13. The total capital return value is set at 16.96, while invested capital returns managed to touch 12.43. Equity return is now at value 8.10, with 2.90 for asset returns.

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Based on Foot Locker Inc. (FL), the company’s capital structure generated 134.17 points at debt to equity in total, while total debt to capital is 57.30. Total debt to assets is 50.36, with long-term debt to equity ratio resting at 113.22. Finally, the long-term debt to capital ratio is 48.35.

Currently, EBITDA for the company is 151.00M with total debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 0.82, with the company’s debt to enterprise value settled at 0.51. The receivables turnover for the company is 76.97 and the total asset turnover is 1.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.

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