Foot Locker earnings fall short after weak start to February

  • Foot Locker earnings fall short after weak start to February

Foot Locker earnings fall short after weak start to February

Several hedge funds and other institutional investors have recently modified their holdings of the stock.

04/20/2017 - Foot Locker, Inc. was upgraded to "buy" by analysts at Buckingham Research. Great West Life Assurance Co. Mitsubishi UFJ Kokusai Asset Management Co. Finally, Nordea Investment Management AB boosted its position in shares of Foot Locker by 2.9% in the third quarter.

Foot Locker noted that Q1 comparable store sales rose 0.5% in the latest period, with March and April comps jumping to the high-single digits, indicating increasing momentum into the spring months.

Foot Locker Inc. suffered its worst stock decline in more than eight years after first-quarter results missed analysts' estimates, an outcome the retailer blamed in part on slow income-tax refunds. Finally, Capital One National Association bought a new position in Foot Locker during the third quarter valued at about $207,000. Shares of Foot Locker crashed 16% to $59.41 in early trading Friday.

A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. The stock's 50 day moving average price is $74.49 and its 200-day moving average price is $72.82. The analysts estimated EPS for the higher end at 1.08 and lower end at 1 while the year ago reported earnings per share was 1.03.

19 number of analysts have estimated the sales of the company for the quarter ending May 19, 2017, analysts estimated mean sale target of 1973.08 million while high and low sale targets are estimated at 2010 million and 1938.13 million respectively. In addition, 62 franchised Foot Locker stores were operating in the Middle East and South Korea, as well as 15 franchised Runners Point stores in Germany. The business's quarterly revenue was up.7% on a year-over-year basis.

Results: EPS of $1.36 on revenue of $2.00 billion.

Let's have a look at some of the important valuation ratios of the Foot Locker, Inc. Shareholders of record on Friday, July 14th will be given a dividend of $0.31 per share. HighTower Advisors LLC boosted its position in shares of Foot Locker by 52.8% in the first quarter. "(FL) Rating Reiterated by Wedbush" was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & global copyright laws. The original version of this news story can be accessed at https://sportsperspectives.com/2017/05/19/foot-locker-inc-fl-shares-sold-by-state-treasurer-state-of-michigan-updated.html.

02/27/2017 - Foot Locker, Inc. had its "buy" rating reiterated by analysts at Canaccord Genuity. The Zacks Rank #3 (Hold) stock, which had seen its Zacks consensus earnings per share estimate tumble by 9 cents per share in the last 30 days, was still unable to meet estimates of $1.38 per share, posting just $1.36.

These are 4 Hold Ratings, 15 Buy Ratings, 1 Strong Buy Rating. Foot Locker has a consensus rating of "Buy" and an average target price of $80.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

On 12/6/2016 Jarobin Gilbert Jr, Director, sold 1,000 with an average share price of $76.23 per share and the total transaction amounting to $76,230.00. NEXT Financial Group Inc now owns 5,900 shares of the textile maker's stock worth $400,000 after buying an additional 1,370 shares in the last quarter. The disclosure for this sale can be found here.

Foot Locker said its position at the center of sneaker culture is a benefit to the company. As of April 29, the Company operated 3,354 stores in 23 countries.