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Foot Locker , Inc. (NYSE:FL) director Ulice Payne Jr. lately bought 1,100 shares of the corporate’s frequent inventory, in line with a submitting with the Securities and Alternate Fee. The $2.1 billion market cap retailer at the moment maintains a “Truthful” monetary well being rating in line with InvestingPro evaluation. The shares had been bought at a median worth of $22.506, bringing the full transaction worth to roughly $24,756. Primarily based on InvestingPro‘s Truthful Worth evaluation, the inventory seems pretty valued at present ranges. Following this sale, Payne holds 18,301 shares of Foot Locker frequent inventory. Moreover, he retains 14,132.457 phantom inventory models, which stay unchanged from earlier holdings. Whereas the corporate’s liquid belongings exceed short-term obligations with a present ratio of 1.67, analysts preserve a impartial stance on the inventory with a median consensus ranking of two.84.
In different current information, Foot Locker has been the topic of a number of analyst experiences. Needham reaffirmed a Purchase ranking on shares of Foot Locker, highlighting the corporate’s potential for margin development and higher assortments in 2025. The agency anticipates that Foot Locker will profit from Nike (NYSE:NKE)’s strategic decisions, significantly its shift to re-emphasize wholesale relationships. That is anticipated to end in improved product assortment and margin enlargement for Foot Locker.
In the meantime, Williams Buying and selling upgraded Foot Locker from a Promote to a Maintain ranking regardless of the corporate’s third-quarter efficiency not assembly expectations. The agency famous the corporate’s robust liquidity with a present ratio of 1.67 however expressed concern in regards to the firm’s restoration potential.
Guggenheim maintained a Purchase ranking on Foot Locker, regardless of decreasing its worth goal because of the firm’s third-quarter monetary report. The agency expressed confidence within the firm’s transformational initiatives, that are anticipated to put the muse for sustainable development sooner or later.
Baird maintained a impartial ranking on Foot Locker, lowering the worth goal as a consequence of a shortfall within the firm’s third fiscal quarter earnings per share and weaker gross margins. The agency additionally diminished its fiscal 12 months 2025 EPS estimates for Foot Locker by 10%.
Lastly, Jefferies maintained a Maintain ranking on Foot Locker, lowering its worth goal following the corporate’s third-quarter earnings, which didn’t meet market expectations. The agency highlighted the corporate’s robust liquidity however famous the influence of heavy discounting and a aggressive market panorama on the revised monetary outlook. These developments are a part of the current information about Foot Locker.
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