Throughout the last three months, 17 analysts have evaluated Foot Locker FL, offering a diverse set of opinions 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 | 5 | 9 | 1 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 7 | 1 | 0 |
| 3M Ago | 0 | 3 | 1 | 0 | 1 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $27.82, with a high estimate of $38.00 and a low estimate of $20.00. Observing a downward trend, the current average is 2.73% lower than the prior average price target of $28.60.
Exploring Analyst Ratings: An In-Depth Overview
A clear picture of Foot Locker's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Alex Straton | Morgan Stanley | Lowers | Equal-Weight | $20.00 | $26.00 |
| Michael Binetti | Evercore ISI Group | Raises | Outperform | $32.00 | $28.00 |
| 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 respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Foot Locker. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Foot Locker compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Foot Locker's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of Foot Locker's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Foot Locker analyst ratings.
All You Need to Know About Foot Locker
Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Asia, Australia, and New Zealand. It also has a presence in the Middle East. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Its portfolio of brands, includes Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. The company has omnichannel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It has three operating segments, North America, EMEA, and Asia Pacific.
Financial Insights: Foot Locker
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Foot Locker displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately 2.01%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -16.32%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Foot Locker's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -12.76%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Foot Locker's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -5.45%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 1.02, Foot Locker adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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