Foot Locker (NYSE:FL) Sets New 1-Year Low After Analyst Downgrade

Foot Locker, Inc. (NYSE:FL - Get Free Report)'s share price reached a new 52-week low on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $19.00 to $16.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. Foot Locker traded as low as $11.08 and last traded at $11.35, with a volume of 6163796 shares trading hands. The stock had previously closed at $11.81.March Madness: Flutter Stock Is a Solid Bet on Sustained Growth Other equities research analysts have also recently issued research reports about the company. UBS Group cut their target price on Foot Locker from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Barclays set a $24.00 price objective on shares of Foot Locker in a report on Wednesday, March 5th. Robert W. Baird lowered their target price on shares of Foot Locker from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Piper Sandler reduced their price target on shares of Foot Locker from $19.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $24.00 price objective on shares of Foot Locker in a research report on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $21.69.Read Our Latest Analysis on FLInstitutional Trading of Foot LockerRebuilding Stronger: 3 Stocks Driving Infrastructure RecoverySeveral hedge funds have recently added to or reduced their stakes in FL. Allspring Global Investments Holdings LLC increased its position in shares of Foot Locker by 88.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,323,597 shares of the athletic footwear retailer's stock valued at $115,365,000 after purchasing an additional 2,500,396 shares during the last quarter. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Foot Locker during the fourth quarter worth $34,835,000. Cooper Creek Partners Management LLC purchased a new position in Foot Locker in the fourth quarter valued at $30,416,000. Segall Bryant & Hamill LLC acquired a new stake in Foot Locker in the fourth quarter valued at $18,640,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Foot Locker by 67.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,906,406 shares of the athletic footwear retailer's stock worth $41,483,000 after buying an additional 770,932 shares during the last quarter. Foot Locker Trading Down 3.9 %The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -2.52, a PEG ratio of 0.53 and a beta of 1.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The company has a 50-day moving average price of $16.26 and a 200-day moving average price of $20.39. These 3 Retail Stocks Can Keep Winning in 2025Foot Locker (NYSE:FL - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The athletic footwear retailer reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the company posted $0.38 earnings per share. The firm's quarterly revenue was down 5.7% compared to the same quarter last year. As a group, research analysts forecast that Foot Locker, Inc. will post 1.23 EPS for the current fiscal year. About Foot Locker (Get Free Report)Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.See AlsoFive stocks we like better than Foot LockerInsider Buying Explained: What Investors Need to KnowWhy NVIDIA Stock Could Soar Despite Wall Street DowngradesHow is Compound Interest Calculated?Top 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldMastering Discipline: Overcoming Emotional Challenges In Trading3 Hot New IPOs Defying the 2025 Market SlumpThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Foot Locker Right Now?Before you consider Foot Locker, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Foot Locker wasn't on the list.While Foot Locker currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here