With 5.4 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.41 million shares. The 52-week range on FL shows that it touched its highest point at $33.94 and its lowest point at $16.77 during that stretch. It currently has a 1-year price target of $20.13. Beta for the stock currently stands at 1.31.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FL was down-trending over the past week, with a drop of -6.62%, but this was down by -10.09% over a month. Three-month performance dropped to -23.38% while six-month performance fell -38.00%. The stock lost -33.36% in the past year, while it has lost -25.46% so far this year. A look at the trailing 12-month EPS for FL yields 0.12 with Next year EPS estimates of 1.77. For the next quarter, that number is -0.02. This implies an EPS growth rate of 8.51% for this year and 19.08% for next year. EPS is expected to grow by 14.55% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -51.11%.
Float and Shares Shorts:
At present, 94.89 million FL shares are outstanding with a float of 83.78 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FL since 17 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 4 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.53214 being high and $1.30479 being low. For FL, this leads to a yearly average estimate of $1.35421. Based on analyst estimates, the high estimate for the next quarter is $0.22 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.17.
