Foot Locker Inc. (NYSE:FL) went down by -3.60% from its latest closing price compared to the recent 1-year high of $66.71. The company’s stock price has collected -10.34% of loss in the last five trading sessions. MarketWatch.com reported on 11/19/21 that Foot Locker says supply-chain constraints will be a problem into next year, but inventory levels are ‘ready’ for strong holiday demand
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 5.14 x from its present earnings ratio. Plus, the 36-month beta value for FL is at 1.41. Opinions of the stock are interesting as 12 analysts out of 22 who provided ratings for Foot Locker Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $67.20, which is $18.78 above the current price. FL currently public float of 102.44M and currently shorts hold a 4.81% ratio of that float. Today, the average trading volume of FL was 2.04M shares.
FL’s Market Performance
FL stocks went down by -10.34% for the week, with a monthly jump of 3.25% and a quarterly performance of -13.82%, while its annual performance rate touched 28.02%. The volatility ratio for the week stands at 4.74% while the volatility levels for the past 30 days are set at 3.32% for Foot Locker Inc.. The simple moving average for the period of the last 20 days is -4.77% for FL stocks with a simple moving average of -10.73% for the last 200 days.
Analysts’ Opinion of FL
Many brokerage firms have already submitted their reports for FL stocks, with Cowen repeating the rating for FL by listing it as a “Outperform.” The predicted price for FL in the upcoming period, according to Cowen is $61 based on the research report published on October 05th of the current year 2021.
Wedbush, on the other hand, stated in their research note that they expect to see FL reach a price target of $51. The rating they have provided for FL stocks is “Neutral” according to the report published on October 05th, 2021.
BofA Securities gave a rating of “Underperform” to FL, setting the target price at $45 in the report published on September 30th of the current year.
FL Trading at -0.04% 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 -25.29% of loss for the given period.
Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 4.74%, as shares surge +6.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.16% upper at present.
During the last 5 trading sessions, FL fell by -10.34%, which changed the moving average for the period of 200-days by -2.50% in comparison to the 20-day moving average, which settled at $52.48. In addition, Foot Locker Inc. saw 23.24% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at FL starting from MCKENNA MATTHEW M, who sale 10,214 shares at the price of $52.97 back on Nov 08. After this action, MCKENNA MATTHEW M now owns 12,008 shares of Foot Locker Inc., valued at $541,036 using the latest closing price.
Vesa Equity Investment S.a r.l, the 10% Owner of Foot Locker Inc., sale 64,093 shares at $63.52 during a trade that took place back on Jul 12, which means that Vesa Equity Investment S.a r.l is holding 12,750,317 shares at $4,071,309 based on the most recent closing price.
Stock Fundamentals for FL
Current profitability levels for the company are sitting at:
- +5.56 for the present operating margin
- +26.59 for the gross margin
The net margin for Foot Locker Inc. stands at +4.28. The total capital return value is set at 7.15, while invested capital returns managed to touch 6.12. Equity return is now at value 21.80, with 8.70 for asset returns.
Based on Foot Locker Inc. (FL), the company’s capital structure generated 115.08 points at debt to equity in total, while total debt to capital is 53.51. Total debt to assets is 45.28, with long-term debt to equity ratio resting at 90.47. Finally, the long-term debt to capital ratio is 42.06.
When we switch over and look at the enterprise to sales, we see a ratio of 0.77, with the company’s debt to enterprise value settled at 0.52. The receivables turnover for the company is 66.80 and the total asset turnover is 1.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.