Let’s look at the key reasons that are pushing Foot Locker Inc (FL) to new highs

Foot Locker Inc (NYSE: FL) kicked off on Monday, up 6.18% from the previous trading day, before settling in for the closing price of $23.13. Over the past 52 weeks, FL has traded in a range of $20.47-$35.60.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 0.97%. While this was happening, its average annual earnings per share was recorded 9.46%. With a float of $83.73 million, this company’s outstanding shares have now reached $94.22 million.

Considering the fact that the conglomerate employs 46846 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 26.41%, operating margin of 1.52%, and the pretax margin is -5.86%.

Foot Locker Inc (FL) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Apparel Retail Industry. The insider ownership of Foot Locker Inc is 11.73%, while institutional ownership is 90.96%. The most recent insider transaction that took place on Aug 27 ’24, was worth 11,144,208. In this transaction 10% Owner of this company sold 337,778 shares at a rate of $32.99, taking the stock ownership to the 10,055,814 shares. Before that another transaction happened on Aug 26 ’24, when Company’s 10% Owner sold 539,180 for $33.22, making the entire transaction worth $17,912,368. This insider now owns 10,393,592 shares in total.

Foot Locker Inc (FL) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported 0.3 earnings per share (EPS), higher than consensus estimate (set at 0.21) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.94 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 9.46% per share during the next fiscal year.

Foot Locker Inc (NYSE: FL) Trading Performance Indicators

Take a look at Foot Locker Inc’s (FL) current performance indicators. Last quarter, stock had a quick ratio of 0.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.29. Likewise, its price to free cash flow for the trailing twelve months is 18.75.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.88, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 2.05 in one year’s time.

Technical Analysis of Foot Locker Inc (FL)

Compared to the last year’s volume of 3.24 million, its volume of 4.13 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 43.21%. Additionally, its Average True Range was 1.04.

During the past 100 days, Foot Locker Inc’s (FL) raw stochastic average was set at 23.80%, which indicates a significant decrease from 72.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.68% in the past 14 days, which was lower than the 50.67% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $24.51, while its 200-day Moving Average is $25.83. Nevertheless, the first resistance level for the watch stands at $25.14 in the near term. At $25.71, the stock is likely to face the second major resistance level. The third major resistance level sits at $26.46. If the price goes on to break the first support level at $23.82, it is likely to go to the next support level at $23.07. Now, if the price goes above the second support level, the third support stands at $22.50.

Foot Locker Inc (NYSE: FL) Key Stats

The company with the Market Capitalisation of 2.40 billion has total of 94,852K Shares Outstanding. Its annual sales at the moment are 8,168 M in contrast with the sum of -330,000 K annual income. Company’s last quarter sales were recorded 1,900 M and last quarter income was -12,000 K.