Barclays Sticks to Their Hold Rating for Foot Locker (FL)

Barclays analyst Adrienne Yih maintained a Hold rating on Foot Locker today and set a price target of $24.00. The company’s shares closed yesterday at $26.47.

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According to TipRanks, Yih is a 4-star analyst with an average return of 6.9% and a 50.39% success rate. Yih covers the Consumer Cyclical sector, focusing on stocks such as Ulta Beauty, Abercrombie Fitch, and Tapestry.

Currently, the analyst consensus on Foot Locker is a Hold with an average price target of $24.08.

Based on Foot Locker’s latest earnings release for the quarter ending May 3, the company reported a quarterly revenue of $1.79 billion and a GAAP net loss of $363 million. In comparison, last year the company earned a revenue of $1.88 billion and had a net profit of $8 million

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FL in relation to earlier this year. Last month, Giovanna Cipriano, the SVP & CAO of FL sold 22,383.00 shares for a total of $557,336.70.