Earnings Analysis Of Foot Locker, Inc. (FL)

Foot Locker shares fall the most in 105 months on Friday, as second-quarter earnings strongly disappoint

Lastly, Deutsche Bank AG fixed a $72.00 price objective on the stock of Foot Locker and issued the company a "buy" recommendation in a analysis report on Mon, Jul 17th. Foot Locker Inc. had 89 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies Group LLC set a $80.00 target price on shares of Foot Locker and gave the company a "buy" rating in a research note on Tuesday, June 20th. Foot Locker's payout ratio is 28.57%. On August 18 the company was changed to a "Neutral" in a report from JP Morgan down from the previous "Overweight" rating. Pacific Crest downgraded the stock to "Sector Weight" rating in Friday, November 6 report. (NYSE:FL), 15 have Buy rating, 1 Sell and 14 Hold. For the week, the stock is performing -30.26%. Thanks to the latest -27.92% decrease, it now trades at $34.38.

The P/E ratio is 7.95 and market cap is 4.54B. The company had Year Ago Sales of 1.78 Billion. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -28.11% where SMA50 and SMA200 are -30.1% and -47.92% respectively.

How Active Are Foot Locker, Inc. The company reported the earnings of $1.36/Share in the last quarter where the estimated EPS by analysts was $1.38/share. The Return on Equity (ROE) value stands at 24.3%.

Total sales were reported to have shrunk 4.4% to $1.701 billion during the second quarter ended on July 29th compared to the same quarterly period a year ago. The business's revenue was down 4.4% compared to the same quarter a year ago. As of the last earnings report the EPS was $4.33 and is projected to be $5.07 for the current year with 132,000,000 shares outstanding. Foot Locker's yield is 28.57%. After this sale, 121,385 common shares of FL are directly owned by the insider, with total stake valued at $4,173,216. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & worldwide copyright law. The firm earned "Outperform" rating on Monday, August 24 by Robert W. Baird.

In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the business's stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.40, for a total transaction of $332,640.00. Blackrock Investment Management Llc owns 286 shares or 0% of their U.S. portfolio. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. $152,340 worth of stock was sold by TURPIN CHERYL N on Thursday, March 2.

Large investors have recently modified their holdings of the company. It improved, as 45 investors sold Foot Locker, Inc. shares while 189 reduced holdings. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer's stock valued at $685,553,000 after buying an additional 8,763,641 shares during the last quarter. Todd Asset Management LLC boosted its position in shares of Foot Locker by 34.3% in the first quarter. JPMorgan Chase & Co. now owns 698,340 shares of the athletic footwear retailer's stock valued at $52,244,000 after buying an additional 394,688 shares during the last quarter. Honkamp Krueger Financial Services Inc. increased its stake in shares of Foot Locker by 0.4% in the second quarter. Toronto Dominion Bank expanded its position by buying 22,461 shares an increase of 1,540.5%. Commerce Bank now owns 6,200 shares of the athletic footwear retailer's stock worth $464,000 after buying an additional 77 shares in the last quarter. As of quarter end Wfg Advisors, Lp had acquired 1 shares growing its position 0.5%. APG Asset Management N.V. now owns 2,497,431 shares of the athletic footwear retailer's stock valued at $123,073,000 after buying an additional 473,289 shares during the last quarter.

In case of Revenue Estimates, 20 analysts have provided their consensus Average Revenue Estimates for Foot Locker, Inc.as 1.8 Billion. The Company operates through two segments: Athletic Stores and Direct-to-Customers.

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