Foot Locker Inc (NYSE: FL)’s stock price has gone decline by -3.44 in comparison to its previous close of 28.50, however, the company has experienced a 12.83% increase in its stock price over the last five trading days. The Motley Fool reported 2024-03-29 that Nike said it was going to invest more in the wholesale channel. Foot Locker is a key partner for Nike, and about 65% of Foot Locker’s product comes from Nike.
Is It Worth Investing in Foot Locker Inc (NYSE: FL) Right Now?
FL has 36-month beta value of 1.41. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 4 as “overweight,” 12 as “hold,” and 2 as “sell.”
The public float for FL is 81.45M, and currently, short sellers hold a 13.72% ratio of that float. The average trading volume of FL on April 02, 2024 was 3.80M shares.
FL’s Market Performance
The stock of Foot Locker Inc (FL) has seen a 12.83% increase in the past week, with a -20.07% drop in the past month, and a -11.94% fall in the past quarter. The volatility ratio for the week is 4.48%, and the volatility levels for the past 30 days are at 5.41% for FL. The simple moving average for the past 20 days is 5.77% for FL’s stock, with a 9.42% simple moving average for the past 200 days.
Analysts’ Opinion of FL
Many brokerage firms have already submitted their reports for FL stocks, with Evercore ISI repeating the rating for FL by listing it as a “Outperform.” The predicted price for FL in the upcoming period, according to Evercore ISI is $32 based on the research report published on March 25, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see FL reach a price target of $24, previously predicting the price at $19. The rating they have provided for FL stocks is “Neutral” according to the report published on March 22nd, 2024.
UBS gave a rating of “Neutral” to FL, setting the target price at $23 in the report published on March 11th of the current year.
FL Trading at -3.96% 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 -35.69% of loss for the given period.
Volatility was left at 5.41%, however, over the last 30 days, the volatility rate increased by 4.48%, as shares sank -20.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.15% upper at present.
During the last 5 trading sessions, FL rose by +12.83%, which changed the moving average for the period of 200-days by +2.69% in comparison to the 20-day moving average, which settled at $25.66. In addition, Foot Locker Inc saw -11.65% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FL starting from Dillon Mary N, who purchase 5,510 shares at the price of $18.17 back on Sep 08 ’23. After this action, Dillon Mary N now owns 27,649 shares of Foot Locker Inc, valued at $100,117 using the latest closing price.
Stock Fundamentals for FL
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.27 for the gross margin
The net margin for Foot Locker Inc stands at -0.04. The total capital return value is set at 0.04. Equity return is now at value -10.67, with -4.47 for asset returns.
Based on Foot Locker Inc (FL), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 22.11.
Currently, EBITDA for the company is 421.0 million with net debt to EBITDA at 6.3. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 51.05for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
To put it simply, Foot Locker Inc (FL) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
