Foot Locker stock: buy or sell?
May 21st, 2019
Foot Locker, Inc., through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers.
Should I buy Foot Locker stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Foot Locker stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Foot Locker stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we detected 15 ratings published for FL stock in the last month. The general sentiment of these ratings is bullish for FL stock, with 11 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-3-4||Robert W. Baird||n/a||Outperform|
|2019-3-29||Credit Suisse Group||n/a||Outperform|
|2019-3-29||Credit Suisse Group||Outperform||Outperform|
Foot Locker stock analysis
Foot Locker shares grew 1.45% to $56.15 today.
Shares of Foot Locker grew a nice 1.45% and closed at $56.15. FL is soaring again after a 6.76% correction from its last top on May/10 at $58.01. Since price and SMA100d lines crossed down on May/13, FL fell $-1.48 per share (-2.57%).
Shares of Foot Locker closed this week at $56.15 and stepped up a fine 1.72%. Late April FL collapsed a hair-raising -7.36% in just one week.
Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $67.59 resistance. Late December 2018 FL price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA10d and SMA20w crossed up by mid November 2018, FL price climbed $5.88 per share (11.70%).
Foot Locker stock price history
Foot Locker stock historical price chart
FL stock reached 52-week highs on March at $67.59, and all-time highs 2016-12-08 with a price of 74.48.
Foot Locker stock price target is $72.10Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' FL stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 14 price forecasts for FL stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-3-4||Robert W. Baird||Reiterates||$65.00||$77.00||18.5%|
|2019-3-4||B. Riley||Raises Target||$57.00||$62.00||8.8%|
|2019-3-29||Credit Suisse Group||Reiterates||n/a||$77.00||-|
|2019-3-29||Credit Suisse Group||Raises Target||$75.00||$77.00||2.7%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn March, Foot Locker reported its latest financial data, posting an excellent growth for the Earnings per Share (EPS) ratio. Experts were expecting $1.39 per share, but Foot Locker posted $1.56.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2019, Foot Locker annual sales stepped up a slightly fine 2.02% to $7,939.00 million dollars from $7,782.00 marked in 2018. When comparing 2019 vs 2018, in line, profit margin (that is, the net income divided by revenues) inched a 3.17% to 6.81%.
|2014||$6,510 M||-||$429 M6.6%||-|
|2014||$7,150 M||9.83%||$520 M7.3%||21.21%|
|2015||$7,151 M||0.01%||$520 M7.3%||0.00%|
|2015||$7,410 M||3.62%||$541 M7.3%||4.04%|
|2016||$7,412 M||0.03%||$541 M7.3%||0.00%|
|2016||$7,770 M||4.83%||$664 M8.5%||22.74%|
|2017||$7,766 M||-0.05%||$664 M8.6%||0.00%|
|2017||$7,780 M||0.18%||$284 M3.7%||-57.23%|
|2018||$7,782 M||0.03%||$284 M3.6%||0.00%|
|2019||$7,939 M||2.02%||$541 M6.8%||90.49%|
Quarterly financial resultsFoot Locker reported $2,272.00 million in sales for 2019-Q1, a 22.15% up compared to previous quarter. Reported quarter income marked $158.00 million with a profit margin of 6.95%. Profit margin remained stable a -0.04% compared to previous quarter when profit margin was 6.99%. When comparing sales to same quarter last year, Foot Locker sales marked a slightly good growth and raised a 2.81%. Looking back to recent quarterly results, Foot Locker posted 2 negative quarters in a row.
|2017-Q2||$2,000 M||-||$180 M9.0%||-|
|2017-Q3||$1,700 M||-15.00%||$51 M3.0%||-71.67%|
|2017-Q4||$1,870 M||10.00%||$102 M5.5%||100.00%|
|2018-Q1||$2,210 M||18.18%||$-49 M-2.2%||-148.04%|
|2018-Q2||$2,025 M||-8.37%||$165 M8.1%||-436.73%|
|2018-Q3||$1,782 M||-12.00%||$88 M4.9%||-46.67%|
|2018-Q4||$1,860 M||4.38%||$130 M7.0%||47.73%|
|2019-Q1||$2,272 M||22.15%||$158 M7.0%||21.54%|
Foot Locker ownershipWhen you are planning to invest in shares of a company, it's worth to check its ownership structure.
Foot Locker shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 22.86% of all shares.
In case of Foot Locker stock, 0.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for FL stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Foot Locker:
|Market cap||$6.3 B||$961.6 M||$774.7 M||$104.4 B||$478.6 M|
|Total shares||112.3 M||42.3 M||18.4 M||1,260.0 M||15.0 M|
|Float shares||111.4 M||40.0 M||17.4 M||1,240.0 M||9.8 M|
|- Institutional holdings (%)||0.0%||35.7%||117.8%||83.9%||90.8%|
|- Insider holdings (%)||22.9%||12.9%||4.9%||1.1%||36.2%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
Foot Locker summary
|Tuesday, May 21st, 2019|
|Day range||$55.06 - $56.42|
|Average true range||$1.75|
|50d mov avg||$58.95|
|100d mov avg||$58.05|
|200d mov avg||$53.40|
Foot Locker performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Foot Locker, the benchmark is made against Caleres, Genesco, Nike and Shoe Carnival.