Foot Locker (FL) Shares Cross Below 200 DMA
Foot Locker, Inc. had its “outperform” rating reiterated by analysts at Wedbush. Blackrock Investment Mngmt Ltd, New Jersey-based fund reported 322,755 shares. Nonetheless, we believe our banners remain at the center of a vibrant sneaker culture.
Delay in income tax refunds broke the positive earnings surprise streak of Foot Locker, Inc. Declares Quarterly Dividend Of $0.31 Per Share” on May 16, 2017, also Prnewswire.com with their article: “Foot Locker, Inc. Deutsche Bank initiated the shares of FL in report on Thursday, September 17 with “Buy” rating. Canaccord Genuity restated a buy rating and issued a $83.00 price objective on shares of Foot Locker in a research report on Monday, January 23rd. The stock’s average target of $77.76 is 10.38% above today’s ($70.45) share price. The company has a consensus rating of “Buy” and a consensus price target of $80.91. (NYSE:FL) now have an ABR of 1.44.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. (NYSE:FL). Kornitzer Management Ks holds 6,605 shares or 0.01% of its portfolio. Foot Locker has a 12-month low of $50.90 and a 12-month high of $79.43.
Foot Locker, Inc. (NYSE:FL) as of recent trade, has shown weekly downbeat performance of -8.39% which was maintained at -2.38% in 1-month period. This was up from $1.99 billion previous year.
The company said revenue for the quarter rose 0.5% to $2.00 billion.
Foot Locker was the biggest decliner in the Standard & Poor’s 500 Index Friday.
“The first quarter was one of our most profitable quarters ever, but it did fall short of our original expectations”, stated Johnson in the earnings release.
Sell-side analysts have also provided a consensus recommendation of 1.80 on company shares. -Earnings Decline (Y-o-Y): -5.8% -EPS (Q1): $1.36 vs. $1.39 past year. First Pacific Advsrs Lc invested 0.08% in Foot Locker, Inc.
04/20/2017 – Foot Locker, Inc. was upgraded to “buy” by analysts at Buckingham Research.
The company is scheduled to announce its next quarterly financial results on 19/05/2017 after the market close. Investors of record on Friday, July 14th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.75%. Foot Locker’s dividend payout ratio is now 23.71%. The Beta for the company stands at 0.64 and its Average True Range (ATR) shows a value of 1.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
In related news, SVP Paulette Alviti sold 8,000 shares of Foot Locker stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $74.50, for a total value of $596,000.00. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock worth $2,686,090 in the last quarter.
A number of large investors have recently modified their holdings of the company. Excluding the effect of foreign currency fluctuations, total sales for the first quarter increased 1.8 percent. State Street Corp now owns 6,061,366 shares of the textile maker’s stock valued at $429,684,000 after buying an additional 326,005 shares during the period. FMR LLC raised its position in Foot Locker by 7.6% in the fourth quarter. Revenue during the period amounted to $1.89B, while analysts were anticipating $1.89B.
During the quarter under review, Foot Locker opened 30 new outlets, remodeled or relocated 61 outlets and shuttered 39 outlets. Brean Capital initiated Foot Locker, Inc. Finally, Lingohr & Partner Asset Management GmbH increased its stake in shares of Foot Locker by 118.0% in the third quarter.
Net income in the quarter jumped 12.6% to $143 million or 36 cents per diluted share from $127 million or 32 cents in the same quarter a year ago. Hedge funds and other institutional investors own 95.30% of the company’s stock.
Out of the brokerage recommendations 14 rate Foot Locker, Inc. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers.