Foot Locker Inc (NYSE: FL) is -23.76% lower on its value in year-to-date trading and has touched a low of $20.08 and a high of $35.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FL stock was last observed hovering at around $24.32 in the last trading session, with the day’s loss setting it -0.57%.
Currently trading at $23.75, the stock is -1.29% and -4.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.3 million and changing -2.34% at the moment leaves the stock -8.81% off its SMA200. FL registered 14.24% gain for a year compared to 6-month gain of 7.95%. The firm has a 50-day simple moving average (SMA 50) of $24.8668 and a 200-day simple moving average (SMA200) of $26.0445.
The stock witnessed a -4.23% loss in the last 1 month and extending the period to 3 months gives it a -27.08%, and is -4.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.49% over the week and 4.00% over the month.
Foot Locker Inc (FL) has around 46846 employees, a market worth around $2.25B and $8.15B in sales. Fwd P/E is 11.52. Profit margin for the company is -4.48%. Distance from 52-week low is 18.28% and -33.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.87%).
The EPS is expected to grow by 12.28% this year
400.0 institutions hold shares in Foot Locker Inc (FL), with institutional investors hold 100.93% of the company’s shares. The shares outstanding are 94.22M, and float is at 83.73M with Short Float at 9.94%. Institutions hold 99.73% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.37 million shares valued at $333.06 million. The investor’s holdings represent 14.1132 of the FL Shares outstanding. As of 2024-06-30, the second largest holder is VESA EQUITY INVESTMENT S.A R.L. with 11.47 million shares valued at $285.8 million to account for 12.1104 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 10.23 million shares representing 10.8045 and valued at over $254.98 million, while FMR LLC holds 5.895 of the shares totaling 5.58 million with a market value of $139.12 million.
Foot Locker Inc (FL) Insider Activity
The most recent transaction is an insider sale by Vesa Equity Investment S.a r.l, the company’s 10% Owner. SEC filings show that Vesa Equity Investment S.a r.l sold 337,778 shares of the company’s common stock on Aug 27 ’24 at a price of $32.99 per share for a total of $11.14 million. Following the sale, the insider now owns 10.06 million shares.
Foot Locker Inc disclosed in a document filed with the SEC on Aug 26 ’24 that Vesa Equity Investment S.a r.l (10% Owner) sold a total of 539,180 shares of the company’s common stock. The trade occurred on Aug 26 ’24 and was made at $33.22 per share for $17.91 million. Following the transaction, the insider now directly holds 10.39 million shares of the FL stock.
Still, SEC filings show that on Aug 23 ’24, Vesa Equity Investment S.a r.l (10% Owner) disposed off 213,520 shares at an average price of $32.93 for $7.03 million. The insider now directly holds 10,932,772 shares of Foot Locker Inc (FL).
