Foot Locker FL has been analyzed by 7 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 3 | 1 | 0 | 3 |
| Last 30D | 0 | 0 | 0 | 0 | 1 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 1 | 0 | 2 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $27.0, a high estimate of $37.00, and a low estimate of $20.00. Surpassing the previous average price target of $22.43, the current average has increased by 20.37%.
Understanding Analyst Ratings: A Comprehensive Breakdown
An in-depth analysis of recent analyst actions unveils how financial experts perceive Foot Locker. The following summary 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 |
|---|---|---|---|---|---|
| Paul Lejuez | Citigroup | Raises | Sell | $22.00 | $20.00 |
| Abbie Zvejnieks | Piper Sandler | Raises | Overweight | $37.00 | $35.00 |
| Abbie Zvejnieks | Piper Sandler | Raises | Overweight | $33.00 | $24.00 |
| Alex Straton | Morgan Stanley | Raises | Equal-Weight | $26.00 | $20.00 |
| Kate McShane | Goldman Sachs | Raises | Sell | $20.00 | $18.00 |
| Paul Lejuez | Citigroup | Raises | Sell | $20.00 | $18.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $31.00 | $22.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Foot Locker. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer 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 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.
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.
Get to Know Foot Locker Better
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.
Financial Insights: Foot Locker
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.
Revenue Growth: Foot Locker's revenue growth over a period of 3 months has faced challenges. As of 31 October, 2023, the company experienced a revenue decline of approximately -8.59%. This indicates a decrease in the company's 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 lags behind industry averages, suggesting 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 averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.37%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Foot Locker's debt-to-equity ratio is below the industry average at 0.92, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Significance of Analyst Ratings Explained
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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