Foot Locker, Inc. (FL) EPS Estimated At $1.38

Cornelia Mascio
Mag 19, 2017

Shares of Foot Locker, Inc.

Shares of Foot Locker are down 8.8% in early action after comparable sales growth of 0.5% in Q1 misses the expectation of analysts for a 1.4% rise. Foot Locker, Inc. has a 12 month low of $50.90 and a 12 month high of $79.43. It is positive, as 45 investors sold Foot Locker, Inc. shares while 189 reduced holdings. Foot Locker Inc. had 58 analyst reports since July 21, 2015 according to SRatingsIntel. UBS maintained it with "Buy" rating and $77 target in Wednesday, July 22 report. The average EPS estimate of 13 Wall Street analysts is $1.38 per share, compared to the company's reported EPS of $1.39 per share in the year-ago quarter.

Foot Locker joins a long list of retailers blaming the delays. Van ECK Associates Corp raised its stake in Foot Locker by 7.3% in the fourth quarter.

During the first quarter, the global footwear retailer opened 30 new stores, remodeled or relocated 61 stores, and closed 39 stores. (NYSE:FL) higher to the next line of resistance at $72.44/share. Foot Locker, Inc. The firm has a market cap of $9.30 billion, a P/E ratio of 14.43 and a beta of 0.57. The average true range, a measure of volatility is at 1.40, however its weekly and monthly volatility is 2.28%, 1.65% respectively. Following the sale, the senior vice president now owns 36,641 shares of the company's stock, valued at approximately $2,729,754.50. We are confident that our customers have not lost their tremendous appetite for athletic footwear and apparel and that our position in the industry is stronger than ever.' Financial Position At April 29, 2017, the Company's merchandise inventories were $1,279 million, 1.5 percent higher than at the end of the first quarter a year ago. For the next financial year, analysts expect that the firm will report sales of $8.51 billion per share, with estimates ranging from $8.4 billion to $8.68 billion. Nordea Investment Management AB increased its stake in Foot Locker by 2.9% in the third quarter. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock. The Chicago Equity Partners Llc holds 112,270 shares with $2.96M value, up from 77,130 last quarter. Boston Advisors LLC now owns 20,361 shares of the textile maker's stock valued at $1,379,000 after buying an additional 1,037 shares during the period.

Depending on the earnings numbers reported, Foot Locker, Inc.

Before that, quarter ending October 2016, Foot Locker, Inc. also surprised analysts by beating the consensus estimate. Deutsche Bank initiated the shares of FL in report on Thursday, September 17 with "Buy" rating. Foot Locker has a consensus rating of "Buy" and a consensus price target of $80.96.

Based on the latest notes released to investors, 12 analysts have issued a rating of "buy", 5 analysts "outperform", 6 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". The stock's current RSI reading is at 29.91.

For the past 5 days of trading, the stock has seen a move of -8.39%. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. If you are viewing this report on another domain, it was copied illegally and reposted in violation of USA & global copyright & trademark legislation. The stock was sold at an average price of $76.17, for a total transaction of $152,340.00. The disclosure for this sale can be found here. The New York-based Buckingham Capital Management Inc has invested 2.66% in the stock. The Company operates through two segments: Athletic Stores and Direct-to-Customers.

02/24/2017 - Foot Locker, Inc. was downgraded to "buy" by analysts at CFRA Research.

COPYRIGHT VIOLATION WARNING: "Karp Capital Management Corp Takes Position in Foot Locker, Inc".

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