A new trading day began on May 19, 2023, with Foot Locker Inc. (NYSE: FL) stock priced at $30.65, down -27.24% from the previous day of trading. During the day, the shares moved up to $31.96 and dropped to $29.88 before settling in for the closing price of $41.52. FL’s price has ranged from $23.85 to $47.22 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 2.40%. Meanwhile, its annual earnings per share averaged -58.00%. With a float of $91.65 million, this company’s outstanding shares have now reached $93.40 million.
The extent of productivity of a business whose workforce counts for 15200 workers is very important to gauge. In terms of profitability, gross margin is +29.64, operating margin of +7.91, and the pretax margin is +5.98.
Foot Locker Inc. (FL) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Apparel Retail Industry. The insider ownership of Foot Locker Inc. is 1.10%, while institutional ownership is 97.10%. The most recent insider transaction that took place on Feb 01, was worth 1,149,930. In this transaction SVP & Chief Accounting Officer of this company sold 25,554 shares at a rate of $45.00, taking the stock ownership to the 28,791 shares. Before that another transaction happened on Feb 01, when Company’s VP, Treasurer sold 2,000 for $45.07, making the entire transaction worth $90,140. This insider now owns 21,221 shares in total.
Foot Locker Inc. (FL) Performance Highlights and Predictions
In its latest quarterly report, released on 1/30/2023, the company reported earnings of $0.97 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +3.94 while generating a return on equity of 10.56. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.59 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -58.00% per share during the next fiscal year.
Foot Locker Inc. (NYSE: FL) Trading Performance Indicators
Here are Foot Locker Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.60, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 3.91 in one year’s time.
Technical Analysis of Foot Locker Inc. (FL)
The latest stats from [Foot Locker Inc., FL] show that its last 5-days average volume of 10.83 million was superior to 2.84 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 61.81%. Additionally, its Average True Range was 2.19.
During the past 100 days, Foot Locker Inc.’s (FL) raw stochastic average was set at 1.90%, which indicates a significant decrease from 2.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 135.76% in the past 14 days, which was higher than the 64.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.35, while its 200-day Moving Average is $37.80. Now, the first resistance to watch is $31.49. This is followed by the second major resistance level at $32.76. The third major resistance level sits at $33.57. If the price goes on to break the first support level at $29.41, it is likely to go to the next support level at $28.60. Assuming the price breaks the second support level, the third support level stands at $27.33.
Foot Locker Inc. (NYSE: FL) Key Stats
With a market capitalization of 3.88 billion, the company has a total of 93,429K Shares Outstanding. Currently, annual sales are 8,759 M while annual income is 342,000 K. The company’s previous quarter sales were 2,346 M while its latest quarter income was 19,000 K.
