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How to Buy Foot Locker Stock

Foot Locker Inc

Foot Locker is a apparel company located in New York, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker FL on the NYSE exchange.

Foot Locker stock last closed at $28.51, up 6.1% from the previous day, and has decreased 26.78% in one year. It has underperformed other stocks in the Apparel Retail industry by 0.51 percentage points. Foot Locker stock is currently +92.12% from its 52-week low of $14.84, and -33.37% from its 52-week high of $42.79.

There are currently 94.16M FL shares outstanding. The market cap of FL is $2.68B. In the last 24 hours, 4.92M FL shares were traded.

How to Buy Foot Locker Stock

Wondering how to invest in Foot Locker stock? Here's how.
  1. Choose where to buy Foot Locker stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Foot Locker stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your method of payment and add your details.
  4. Evaluate Foot Locker stock: The Foot Locker ticker symbol is FL. Is Foot Locker stock a good investment? Should you buy shares of FL? How do FL's underlying business fundamentals look? Do top analysts think Foot Locker is a good buy? Why has FL's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if FL is a good stock to buy).
  5. Execute your FL buy order: Decide if you will purchase FL shares at the current market price or use a limit order to purchase FL shares at a particular price.
  6. Get notifications regarding your investment in FL: Create a watchlist to important updates regarding your investment in Foot Locker stock.

Step 1: Choose where to buy Foot Locker stock

You need a brokerage account in order to access the NYSE market and buy FL shares.

A brokerage account allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've selected your brokerage, you need to fill out some personal info so you are able to invest in FL today.

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  1. Submit your application by clicking the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you've finished signing up on the best stock trading app, you need to deposit funds:

Check out the tutorial below if you need help depositing money into your investment account.

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Step 4: Evaluate Foot Locker stock

Once you have chosen the best place to buy Foot Locker stock, it's very important to research their stock prior to buying, so you actually understand the risk and upside.

Foot Locker Numbers

FL Price
$28.51
1w %
20.7%
1y %
-26.78%
5y %
-51.63%
P/E
33.54x
P/B
0.84x
P/S
0.33x
PEG
0.26x
Revenue
$8.13B
Earnings
$78.00M
Fore. Rev. Growth
1.81%
Fore. Earn. Growth
130.13%
Market Cap
$2.68B
Next Earnings
May 17, 2024
Next Dividend
N/A

Foot Locker Zen Score

WallStreetZen was built to help everyday investors perform more accurate fundamental analysis.

You can view all of the due diligence checks on FL's stock page.

Is FL stock overvalued?

Analysts use many financial metrics, analyses, models, and charts to gauge FL's fair value.

Using relative valuations methods:

  • FL could be overvalued based on its P/E ratio of 33.54x, relative to Apparel Retail industry P/E ratio of 28.3x
  • FL could be undervalued based on its P/B ratio of 0.84x, relative to Apparel Retail industry P/B ratio of 7.97x
  • FL could be undervalued based on its PEG ratio of 0.26x

You can do more valuation analysis on FL's stock here.

FL Financial Health Overview

Passed Health Checks:

  • FL has $187.00M in cash and short term investments. This is sufficient to cover its annual cash burn of $119.00M.
  • FL has cash burn of 119000000. It has enough cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the FL balance sheet.

Failed Health Checks:

  • Total FL debt is higher than 5 years ago, relative to shareholder equity.
  • FL profit margin has gone down from 4.9% to 1% in the past year.
  • FL has a relatively high debt to equity ratio of 1.32.
  • There are more long-term liabilities than short-term assets on the FL balance sheet.

Do Wall Street analysts think it's a good time to buy FL stock

Out of 14 sell side analysts who give recommendations on FL, the consensus analyst rating on Foot Locker is a Hold

It's important to note that analyst forecasts are not recommendations, nor are they investment advice.

Most Recent FL Analyst Ratings

Abbie Zvejnieks, a top 22% analyst from Piper Sandler maintains FL with a strong buy rating and lowers their FL price target from $37.00 to $31.00, on Mar 7, 2024.

Adrienne Yih, a top 3% analyst from Barclays maintains FL with a hold rating and lowers their FL price target from $26.00 to $22.00, on Mar 7, 2024.

Robert Drbul, a top 10% analyst from Guggenheim maintains FL with a strong buy rating and lowers their FL price target from $35.00 to $30.00, on Mar 7, 2024.

Lorraine Hutchinson, a bottom 4% analyst from Bank of America maintains FL with a hold rating and lowers their FL price target from $31.00 to $27.00, on Mar 7, 2024.

Cristina Fernandez, a bottom 15% analyst from Telsey Advisory Group downgrades FL to a hold rating and lowers their FL price target from $38.00 to $28.00, on Mar 7, 2024.

You can dig deeper into what analysts are forecasting on the Foot Locker stock forecast page.

FL Technical Indicators

SMA10
24.46
SMA20
26.31
SMA50
28.64
SMA100
27.74
SMA200
25.14
MACD
-1.11
MACD Signal
-1.57
MACD Histogram
0.47
RSI
56.83
Stochastic %K
77.63
Stochastic %D
51.24
StochRSI %K
100
StochRSI %D
75.74

Is FL Making Money?

Last year, FL earnings were $78.00M. During the past five year, FL's earnings have gone up by -22.03% per year. This was slower than the Apparel Retail industry average of 9.19%.

Last year, FL revenue was $8.13B. In the past five year, FL's revenue has grown by 0.63% per year. This was slower than the Apparel Retail industry average of 8.55%.

Dig into FL's earnings and revenue performance here.

Latest Insiders Trades at FL

In the past 12 months, insiders at FL have bought more shares than they have sold.

Franklin Bracken, EVP Chief Commercial Officer of FL, was the latest FL insider to sell. They sold $24,194.88 worth of FL shares on Mar 24, 2024.

Research more about who owns FL shares here.

Does FL provide a stable income stream?

No, Foot Locker doesn't provide an income stream by paying out dividends.

What others are saying about FL

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Execute your FL buy order

There are two main options:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally sufficient.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a specific dollar amount limit, place a limit order.

Press the Open button and eToro will place the order.

If you require more help with investing in stocks on eToro, click the how to video below:

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Step 6: Get notifications regarding your investment in FL

Now that you own some FL shares, you'll want to keep up with your new company.

Add FL to a watchlist to keep track of your FL stock.

FL Feed

How to Buy Stock in Foot Locker

To reiterate, here are the 6 steps you need to take to buy Foot Locker stock right now:

  1. Choose where to buy Foot Locker stock
  2. Create your brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Foot Locker stock
  5. Execute your FL buy order
  6. Get notifications regarding your investment in FL

If you are looking for a brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your investment in Foot Locker, add FL to your watchlist below.

NYSE: FL
$28.51+1.64 (+6.1%)
Updated Mar 27, 2024
Open eToro Account
NYSE: FL
$28.51+1.64 (+6.1%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Foot Locker share?

As of Mar 27, 2024, it costs $28.51 to buy one share of Foot Locker stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.351 shares of FL.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Foot Locker stock?

According to 14 Wall Street analysts who monitor Foot Locker, their consensus recommendation is to hold Foot Locker stock.

What is the best way to buy Foot Locker stock?

One way to place an order for Foot Locker stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.