F.L. (NYSE: F.L.) The investment analysts at Telsey Advisory Group lowered their expectations for Foot Locker’s earnings per share for the third quarter of 2024 in a research report distributed to clients and investors on Thursday, March 16th. C. Fernandez of Telsey Advisory Group forecasts that the athletic footwear retailer will earn $1.34 per share for the quarter, a decrease from his previous forecast of $1.39 per share.
Telsey Advisory Group assigned an “outperform” rating to the stock and set a price objective of $50.00.
The most recent projections for Foot Locker’s annual profits put the company’s earnings per share at $4.50.
The Telsey Advisory Group forecasts that Foot Locker will report earnings of $0.74 per share for the fourth quarter of 2024 and $3.95 per share for the full year.
The price of F.L. stock was $42.26 when the market opened on Monday.
The stock’s price has a moving average of 50 days of $42.54, and its moving average of 200 days is $37.70.
The firm’s market capitalization is currently sitting at $3.94 billion, while its P/E ratio is at 9.63, and its beta stands at 1.25. Foot Locker has seen a one-year low of $23.85 and a one-year high of $47.22 during the same period.
The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.43, and a current ratio of 1.54.
Several additional brokerages have also made F.L. reports available. Cowen increased their price target for Foot Locker from $35.00 to $39.00 in a report posted on November 21st.
The “neutral” recommendation that Seaport Research Partners had previously assigned to Foot Locker shares was reiterated in a report published on March 14th. JPMorgan Chase & Co increased their price target on Foot Locker from $40.00 to $46.00 and gave the stock a “neutral” rating in a report released on Thursday, January 26th. Foot Locker received an upgrade from “c” to “b-” in a report published on November 21st by The Street. Finally, in a research note on Tuesday, November 22nd, Morgan Stanley dropped their price target on Foot Locker from $36.00 to $33.00 and issued the stock an “equal weight” rating.
The company has been assigned a rating of “Hold” by seventeen experts, while a “buy” rating has been issued by only four.
According to Bloomberg.com, the stock has been given a consensus recommendation of “Hold,” The consensus target price has been set at $41.32 per share.
In recent months, several hedge funds and other types of institutional investors have cut back on their holdings of F.L.
During the fourth quarter, Edmp INC boosted its holdings in Foot Locker by 3,642.3%.
After acquiring an additional 1,137,575 shares during the preceding quarter, Edmp INC now possesses 1,168,807 shares of the athletic footwear retailer’s stock, which has a value of $30,929,000.
Point72 Asset Management L.P.
Bought a new investment in Foot Locker during the third quarter valued at about $28,736,000.
Through the first three months of the year, Renaissance Technologies LLC boosted its holdings in Foot Locker by 5,122.3%.
After acquiring an additional 896,400 shares during the most recent fiscal quarter, Renaissance Technologies LLC now owns a total of 913,900 shares of the athletic footwear retailer’s stock, valued at $27,106,000.
During the third quarter, the National Bank of Canada grew its stake in Foot Locker by 96,732.3%.
After acquiring an additional 749,675 shares during the preceding quarter, National Bank of Canada FI now holds 750,450 shares of the athletic footwear retailer’s stock.
The current market value of these shares is $23,362,000. Finally, Victory Capital Management INC boosted its stake in Foot Locker by 2,684.7% in the third quarter. Victory Capital Management INC now owns 745,182 shares of the athletic footwear retailer’s stock, valued at $23,198,000, after purchasing 718,422 shares last quarter.
Institutional investors and hedge funds currently hold 95.06 percent of the stock.
On Thursday, January 5th, Senior Vice President Todd Greener sold 2,500 shares of the company’s stock, as was reported in previous Foot Locker news.
The shares were sold at an average price of $37.63 each, which resulted in a total sale price of $94,075.00.
The senior vice president now directly owns 5,921 shares valued at $222,807.23 due to the transaction. You may learn more about the transaction through a legal filing submitted here to the Securities and Exchange Commission. On Thursday, January 26th, Vice President John A.
Maurer sold 3,500 shares of the company’s stock, as was reported in previous Foot Locker news.
At an average price of $42.01 per share, the shares could be sold for $147,035.00.
As a result of the transaction, the vice president now owns 23,221 company shares, which have a value of $975,514.21. You may learn more about the transaction through a legal filing submitted here to the Securities and Exchange Commission.
The senior vice president of Foot Locker, Todd Greener, sold 2,500 shares of the company’s stock on Thursday, January 5th.
The shares were sold at an average price of $37.63 each, which resulted in a total sale price of $94,075.00.
By the transaction, the senior vice president of the firm now has ownership of 5,921 shares of company stock with a total value of $222,807.23.
The disclosure for this sale can be found at this location. Company insiders hold a 3% ownership stake in the company.
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