The stock of Foot Locker Inc (NYSE: FL) has decreased by -4.66 when compared to last closing price of 23.60.Despite this, the company has seen a loss of -9.53% in its stock price over the last five trading days. prnewswire.com reported 2024-11-13 that ‘Step Into Your Gift’ highlights top styles from Nike, adidas, New Balance, PUMA, UGG, and more NEW YORK, Nov. 13, 2024 /PRNewswire/ — Foot Locker (NYSE: FL) today unveiled its 2024 multi-brand holiday campaign, Step Into Your Gift, just in time for the season of gifting. Featuring a star-studded lineup, the campaign highlights NBA athletes Anthony Edwards (adidas) and LaMelo Ball (PUMA), Grammy-nominated artist Coi Leray (adidas), and leading style influencers alongside Foot Locker’s iconic Stripers.
Is It Worth Investing in Foot Locker Inc (NYSE: FL) Right Now?
The 36-month beta value for FL is at 1.44. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 12 as “hold,” and 2 as “sell.”
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The public float for FL is 83.73M, and currently, shorts hold a 9.94% of that float. The average trading volume for FL on November 19, 2024 was 3.10M shares.
FL’s Market Performance
The stock of Foot Locker Inc (FL) has seen a -9.53% decrease in the past week, with a -8.50% drop in the past month, and a -31.00% fall in the past quarter. The volatility ratio for the week is 4.05%, and the volatility levels for the past 30 days are at 4.17% for FL. The simple moving average for the past 20 days is -6.05% for FL’s stock, with a -13.39% simple moving average for the past 200 days.
Analysts’ Opinion of FL
Many brokerage firms have already submitted their reports for FL stocks, with Gordon Haskett repeating the rating for FL by listing it as a “Accumulate.” The predicted price for FL in the upcoming period, according to Gordon Haskett is $27 based on the research report published on October 07, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see FL reach a price target of $34. The rating they have provided for FL stocks is “Overweight” according to the report published on August 29th, 2024.
Telsey Advisory Group gave a rating of “Market Perform” to FL, setting the target price at $30 in the report published on August 29th of the current year.
FL Trading at -9.14% 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 -36.80% of loss for the given period.
Volatility was left at 4.17%, however, over the last 30 days, the volatility rate increased by 4.05%, as shares sank -5.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.50% lower at present.
During the last 5 trading sessions, FL fell by -9.53%, which changed the moving average for the period of 200-days by -23.75% in comparison to the 20-day moving average, which settled at $23.95. In addition, Foot Locker Inc saw -27.77% 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 Vesa Equity Investment S.a r.l, who sale 337,778 shares at the price of $32.99 back on Aug 27 ’24. After this action, Vesa Equity Investment S.a r.l now owns 10,055,814 shares of Foot Locker Inc, valued at $11,144,208 using the latest closing price.
Vesa Equity Investment S.a r.l, the 10% Owner of Foot Locker Inc, sale 539,180 shares at $33.22 during a trade that took place back on Aug 26 ’24, which means that Vesa Equity Investment S.a r.l is holding 10,393,592 shares at $17,912,368 based on the most recent closing price.
Stock Fundamentals for FL
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.26 for the gross margin
The net margin for Foot Locker Inc stands at -0.04. The total capital return value is set at 0.02. Equity return is now at value -11.88, with -5.04 for asset returns.
Based on Foot Locker Inc (FL), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.89. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 15.5.
Currently, EBITDA for the company is -200.0 million with net debt to EBITDA at -10.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
In conclusion, Foot Locker Inc (FL) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
