In the last three months, 15 analysts have published ratings on Foot Locker FL, offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 4 | 8 | 1 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 4 | 7 | 1 | 1 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $28.07, along with a high estimate of $38.00 and a low estimate of $22.00. Observing a downward trend, the current average is 2.7% lower than the prior average price target of $28.85.
Understanding Analyst Ratings: A Comprehensive Breakdown
A comprehensive examination of how financial experts perceive Foot Locker is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Paul Lejuez | Citigroup | Announces | Neutral | $24.00 | - |
| Jay Sole | UBS | Raises | Neutral | $23.00 | $12.00 |
| Matthew Boss | JP Morgan | Lowers | Underweight | $23.00 | $26.00 |
| Robert Drbul | Guggenheim | Lowers | Buy | $30.00 | $35.00 |
| Michael Binetti | Evercore ISI Group | Lowers | In-Line | $28.00 | $31.00 |
| Alex Straton | Morgan Stanley | Lowers | Equal-Weight | $26.00 | $28.00 |
| Abbie Zvejnieks | Piper Sandler | Lowers | Overweight | $31.00 | $37.00 |
| Adrienne Yih | Barclays | Lowers | Equal-Weight | $22.00 | $26.00 |
| Lorraine Hutchinson | B of A Securities | Lowers | Neutral | $27.00 | $31.00 |
| Cristina Fernandez | Telsey Advisory Group | Lowers | Market Perform | $28.00 | $38.00 |
| Corey Tarlowe | Jefferies | Lowers | Hold | $24.00 | $25.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $38.00 | - |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $38.00 | $31.00 |
| Paul Lejuez | Citigroup | Raises | Sell | $22.00 | $20.00 |
| Abbie Zvejnieks | Piper Sandler | Raises | Overweight | $37.00 | $35.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Foot Locker. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Foot Locker compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Foot Locker's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Foot Locker's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Foot Locker analyst ratings.
About Foot Locker
Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Australia, and New Zealand. It also has one franchisee in the Middle East and one in South Korea, each of which operates multiple stores in those regions. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Store names include Foot Locker, Champs, and Runners Point. The company also has an e-commerce business selling through Footlocker.com, Eastbay, and Final-Score.
Understanding the Numbers: Foot Locker's Finances
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Negative Revenue Trend: Examining Foot Locker's financials over 3 months reveals challenges. As of 31 October, 2023, the company experienced a decline of approximately -8.59% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Foot Locker's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 1.41%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Foot Locker's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.87%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Foot Locker's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.37%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Foot Locker's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.92.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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