On Dec 06, major Wall Street analysts update their ratings for $Foot Locker (FL.US)$, with price targets ranging from $16 to $30.
Morgan Stanley analyst Alexandra Straton maintains with a sell rating, and adjusts the target price from $17 to $16.
Goldman Sachs analyst Kate McShane maintains with a sell rating, and adjusts the target price from $24 to $22.
BofA Securities analyst Lorraine Hutchinson maintains with a hold rating, and adjusts the target price from $30 to $25.
Barclays analyst Adrienne Yih maintains with a buy rating, and adjusts the target price from $34 to $29.
Evercore analyst Michael Binetti maintains with a buy rating, and adjusts the target price from $32 to $30.
Furthermore, according to the comprehensive report, the opinions of $Foot Locker (FL.US)$'s main analysts recently are as follows:
Foot Locker's Q3 results fell short of expectations, as trends weakened over the quarter and promotional activities increased. The company revised its fiscal 2024 forecasts downwards for sales and earnings, anticipating continued promotions but with a strategic shift towards footwear in the fourth quarter.
Foot Locker's recent Q3 miss and subsequent reduction in FY guidance underscore ongoing concerns about the company's potential for recovery. This situation provides more evidence for bearish perspectives. Furthermore, perceived risks to full-year and mid-term street EPS projections persist, according to analysts.
The analyst indicated a reevaluation of expectations through a reduced fiscal year earnings forecast due to persisting margin pressures expected in the fourth quarter. This assessment considers that the current valuation of the stock mitigates the associated risks linked to sales revitalization and margin recuperation.
Despite a 30% decrease in stock value over the past three months, the current valuation of Foot Locker is still not considered attractive due to significant downside risks. Challenges include struggles faced by its primary brand partner and increasing competition from direct-to-consumer channels of other brands, as well as competitors like JD Sports.
Foot Locker's Q3 performance fell short of expectations, and the company has reduced its future guidance. Additionally, the revised fiscal 2024 gross margin guidance suggests a recovery of only 30% of the 300 basis point merchandise margin headwind experienced in fiscal 2023's gross margin, as opposed to the previously anticipated 60%.
Here are the latest investment ratings and price targets for $Foot Locker (FL.US)$ from 8 analysts:
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美东时间12月6日，多家华尔街大行更新了$富乐客 (FL.US)$的评级，目标价介于16美元至30美元。
摩根士丹利分析师Alexandra Straton维持卖出评级，并将目标价从17美元下调至16美元。
高盛集团分析师Kate McShane维持卖出评级，并将目标价从24美元下调至22美元。
美银证券分析师Lorraine Hutchinson维持持有评级，并将目标价从30美元下调至25美元。
巴克莱银行分析师Adrienne Yih维持买入评级，并将目标价从34美元下调至29美元。
Evercore分析师Michael Binetti维持买入评级，并将目标价从32美元下调至30美元。
此外，综合报道，$富乐客 (FL.US)$近期主要分析师观点如下：
富乐客第三季度的业绩不及预期，因为季度内趋势减弱，促销活动增加。该公司下调了2024财年的销售和盈利预测，预计促销活动将持续，但在第四季度将战略重心转向鞋类。
富乐客最近第三季度的失利及随后的财政年度指导下调突显了公司复苏潜力的持续担忧。这种情况为看淡的观点提供了更多证据。此外，分析师表示对于全年度和中期街道每股收益的风险认知依旧存在。
分析师指出，由于预计第四季度将持续毛利率的压力，预计需要重新评估全年盈利预测。该评估认为当前股票的估值缓解了与销售复兴和毛利率恢复相关的风险。
尽管过去三个月股票价值降低了30%，但富乐客当前的估值仍然被认为不具吸引力，因为存在较大的下行风险。挑战包括其主要品牌合作伙伴面临的困难以及来自其他品牌直销渠道的竞争，以及像JD Sports这样的竞争对手带来的压力。
富乐客的第三季度表现未达预期，公司已减少其未来的指导。此外，修订后的2024财年毛利率指导显示，预计仅能恢复2023财年毛利率遭遇的300个基点商品毛利压力中的30%，而非之前预期的60%。
以下为今日8位分析师对$富乐客 (FL.US)$的最新投资评级及目标价：
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