Foot Locker Inc (NYSE: FL) is -30.53% lower on its value in year-to-date trading and has touched a low of $19.33 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 $21.82 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $21.64, the stock is -7.40% and -8.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.28 million and changing -0.82% at the moment leaves the stock -14.76% off its SMA200. FL registered -23.24% loss for a year compared to 6-month loss of -14.09%. The firm has a 50-day simple moving average (SMA 50) of $23.8054 and a 200-day simple moving average (SMA200) of $25.4482.
The stock witnessed a -12.39% gain in the last 1 month and extending the period to 3 months gives it a -10.69%, and is -10.47% 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 8.32% over the week and 5.07% over the month.
Foot Locker Inc (FL) has around 46846 employees, a market worth around $2.05B and $8.12B in sales. Fwd P/E is 12.08. Profit margin for the company is -5.24%. Distance from 52-week low is 11.95% and -39.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.18%).
with sales reaching $2.32B over the same period.The EPS is expected to shrink by -13.54% this year, but quarterly earnings will post -1.30% year-over-year. Quarterly sales are estimated to shrink -2.52% in year-over-year returns.
Foot Locker Inc (FL) Top Institutional Holders
412.0 institutions hold shares in Foot Locker Inc (FL), with institutional investors hold 104.86% of the company’s shares. The shares outstanding are 94.85M, and float is at 83.73M with Short Float at 10.53%. Institutions hold 103.62% 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).
