Near term Outlook For Foot Locker, Inc. (NYSE:FL)

18 Noviembre, 2017, 00:12 | Author: Arnold Perez
  • Foot Locker Inc

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. Zacks Investment Research raised Foot Locker from a "sell" rating to a "hold" rating in a research note on Monday, October 23rd. Credit Suisse Group reissued a "neutral" rating and issued a $52.00 price objective (down previously from $66.00) on shares of Foot Locker in a report on Tuesday, August 1st. It dropped, as 100 investors sold Foot Locker, Inc. shares while 161 reduced holdings. Jefferies Group LLC reissued a "buy" rating and issued a $80.00 price objective on shares of Foot Locker in a report on Thursday, August 3rd. Cowen and Company reissued a "hold" rating and issued a $52.00 price objective on shares of Foot Locker in a report on Friday, July 28th. $60.92's average target is 95.32% above currents $31.19 stock price.

Foot Locker (FL) traded up $0.65 on Monday, reaching $31.85. The stock had a trading volume of 3,894,000 shares, compared to its average volume of 3,287,541. 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. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.88 and a current ratio of 5.63.

Shares of Foot Locker Inc. surged on Friday after the company's third-quarter profit topped Wall Street expectations. Shareholders of record on Friday, January 19th will be paid a $0.31 dividend. According to today's trading volume Foot Locker, ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Cigna Corporation has 7 buy ratings, 4 holds and 0 sells even after the stock tumbled -4.51% from its high of $206.45 to a $48.49 billion market value through last close. The press release also includes a non-GAAP financial measure for third quarter 2016 net income excluding a $5 million after-tax impairment charge associated with the Runners Point and Sidestep banners and a $10 million reduction in tax expense associated with a scheduled intellectual property reassessment in Europe.The Company believes these non-GAAP financial results provide useful information to investors because they allow for a more direct comparison of the Company's operating performance for the third quarter of 2017 to the Company's performance in the comparable prior-year period.

Analysts expect Foot Locker, Inc. If you are accessing this news story on another website, it was stolen and reposted in violation of USA & global trademark and copyright legislation.

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Several hedge funds have recently modified their holdings of the stock. AQR CAPITAL MANAGEMENT LLC owned 24.95% of Foot Locker, Inc.

Revenue tipped lower to $1.87 billion from $1.89 billion in the year-earlier quarter but surpassed the analyst forecast for $1.83 billion. (NYSE:FL) by 53.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. Pacer Advisors Inc. lifted its stake in Foot Locker by 49.6% during the second quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer's stock valued at $126,495,000 after purchasing an additional 870,899 shares during the last quarter. The Company, through its subsidiaries, owns and operates Dover International Speedway in Dover, Delaware, and Nashville Superspeedway near Nashville, Tennessee.

Foot Locker, a retailer of shoes and apparel.