Has The Rebound Started In Foot Locker, Inc.?

by Ben Pena November 18, 2017, 0:11
Has The Rebound Started In Foot Locker, Inc.?

The biggest holder now is Matthew D. Serra who owns 758,585 shares (0.61% of those outstanding), whilst Kenneth (Ken) C. Hicks holds 565,805 (0.46% of shares outstanding) and Mr. Richard A. Johnson holds 262,589 (0.21% of shares outstanding).

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -42.32%, and has a solid year to date (YTD) performance of -55.99% which means that the stock is constantly adding to its value from the previous fiscal year end price. (NYSE:FL). 148,142 were reported by Manufacturers Life Insur The. Morgan Stanley upgraded shares of Foot Locker from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $70.00 to $65.00 in a report on Tuesday, August 8th.

The biggest institutional shareholders in Foot Locker, Inc. include Vanguard Group Inc which owns 13 million shares in the company valued at $649.89 million. Finally, UBS AG reaffirmed a "neutral" rating on shares of Foot Locker in a research report on Monday, August 21st. Barclays PLC set a $80.00 target price on Foot Locker and gave the stock a buy rating in a report on Saturday, August 5th. Also, the current price highlights a discount of 18.7% to analysts' high consensus price target.

Foot Locker (NYSE FL) traded up $0.36 during midday trading on Wednesday, hitting $30.00. The firm owned $8.33 million shares of the company's stock after selling 3.41 million shares during the period. The firm has a market cap of $4,900.00, a PE ratio of 6.96, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66. Analysts have placed a $39.89 price target on Foot Locker, Inc., suggesting a 32.97% gain from recent close. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.88 and a current ratio of 5.63. Shareholders of record on Friday, January 19th will be paid a $0.31 dividend. Its revenue totaled $1.8 billion down -10.02% from the previous quarter. Foot Locker Inc. had 103 analyst reports since July 21, 2015 according to SRatingsIntel. Eight analysts surveyed by Zacks expected $1.84 billion. Analysts forecast earnings per share of $0.80, down exactly $0.33 or 29.20 % from 2014's $1.13 EPS. Walleye Trading Llc invested 0.01% in Foot Locker, Inc.

$1tn Norwegian oil fund plans to ditch oil and gas stocks
At the earliest, the ministry's first opportunity could come in the spring, with a vote in parliament in June. The news of a possible divestment shook Europe's index of oil and gas shares.

TRADEMARK VIOLATION NOTICE: This piece was first published by Week Herald and is the sole property of of Week Herald. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & worldwide copyright law. Afam Capital Inc. now owns 34,033 shares of the athletic footwear retailer's stock worth $1,199,000 after buying an additional 14,409 shares in the last quarter. Finally, Exane Derivatives lifted its stake in Foot Locker by 110,475.0% during the third quarter. -Revenue Change (Y-o-Y): -1.1%. Pennsylvania-based Sei Invests Co has invested 0.02% in Foot Locker, Inc.

As with other sports retailers, Hibbett's stock has drifted lower this year amid aggressive promotions and the threat from Amazon, which could also develop its own private-label athletic apparel. The Company, through its subsidiaries, owns and operates Dover International Speedway in Dover, Delaware, and Nashville Superspeedway near Nashville, Tennessee.

"With the disruption we are witnessing in retail in general and the athletic industry more specifically, we will have to make many critical decisions as we shape our future", said Foot Locker Chairman and CEO Richard Johnson during Friday's earnings call.


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