Foot Locker Inc (NYSE:FL) shares, rose in value, with the stock price down by -3.91% to the previous day’s close as strong demand from buyers drove the stock to $24.34.
Actively observing the price movement in the last trading, the stock closed the session at $25.33. The value of beta (5-year monthly) was 1.43. Referring to stock’s 52-week performance, its high was $42.79, and the low was $14.84. On the whole, FL has fluctuated by -29.06% over the past month.
With the market capitalization of Foot Locker Inc currently standing at about $2.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 17, 2024 – May 21, 2024. The company’s Forward Dividend Ratio is 1.20, with its dividend yield at 4.93%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.13, which is expected to increase to $0.06 for fiscal year $1.54 and then to about $2.22 by fiscal year 2026. Data indicates that the EPS growth is expected to be 8.50% in 2026, while the next year’s EPS growth is forecast to be 44.20%.
Analysts have estimated the company’s revenue for the quarter at $1.89 billion, with a low estimate of $1.85 billion and a high estimate of $1.92 billion. According to the average forecast, sales growth in current quarter could jump down -5.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $8.14 billion, representing a decrease of -0.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FL currently trading nearly -1.93% and -14.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.87, while the 7-day volatility ratio is showing 4.37% which for the 30-day chart, stands at 5.50%. Furthermore, Foot Locker Inc (FL)’s beta value is 1.44, and its average true range (ATR) is 1.39.
A comparison of Foot Locker Inc (FL) with its peers suggests the former has fared considerably weaker in the market. FL showed an intraday change of -3.91% in last session, and over the past year, it shrunk by -41.24%%.
Data on historical trading for Foot Locker Inc (NYSE:FL) indicates that the trading volumes over the past 10 days have averaged 4.44 million and over the past 3 months, they’ve averaged 3.86 million. According to company’s latest data on outstanding shares, there are 94.22 million shares outstanding.
Nearly 13.90% of Foot Locker Inc’s shares belong to company insiders and institutional investors own 94.45% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.18 million shares as on Mar 15, 2024, resulting in a short ratio of 2.09. According to the data, the short interest in Foot Locker Inc (FL) stood at 11.86% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 12.61 million. The stock has fallen by -21.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FL stock heading into the next quarter.
