Peeling Back The Layers: Exploring Foot Locker Through Analyst Insights
Portfolio Pulse from Benzinga Insights
Foot Locker (NYSE:FL) has received diverse analyst ratings over the last three months, with a total of 15 analysts offering perspectives ranging from bullish to bearish. The average 12-month price target for FL is $28.07, a slight decrease from the previous average of $28.85. Analyst actions include adjustments to ratings and price targets, reflecting changing market conditions and company performance. Foot Locker's financial indicators show challenges, including a revenue decline of -8.59% over 3 months, below-average net margin, ROE, and ROA, but a sound debt-to-equity ratio.
March 22, 2024 | 1:00 pm
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NEUTRAL IMPACT
Foot Locker has received mixed analyst ratings, with a current average 12-month price target of $28.07, indicating a slight decrease from the previous target. The company faces financial challenges, including a significant revenue decline and below-average profitability metrics.
The mixed analyst ratings and slight decrease in the average price target reflect uncertainty and a cautious outlook for Foot Locker. The financial challenges, including a notable revenue decline and below-average profitability metrics, could impact investor sentiment and stock performance in the short term. However, the sound debt-to-equity ratio suggests some financial stability, leading to a neutral short-term price direction score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100