Published: Mon, August 21, 2017
Business | By Max Garcia

Earnings Analysis Of Foot Locker, Inc. (FL)

Earnings Analysis Of Foot Locker, Inc. (FL)

Foot Locker Inc. now has $4.51 billion valuation. On August 18 the company was changed to a "Neutral" by JP Morgan which is down from the previous "Overweight" rating.

Several other analysts have also issued reports on the company.

On August 8 the stock rating was upgraded from " to "Overweight" in an announcement from Morgan Stanley. On August 18 the company was downgraded from "Buy" to "Hold" by Canaccord Genuity. Foot Locker Inc. had 89 analyst reports since July 21, 2015 according to SRatingsIntel.

Some buy side analysts are also providing their Analysis on Foot Locker, Inc., where 7 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 12 said it's a HOLD, 1 reported it as Underperform. The company presently has a consensus rating of Hold and an average target price of $68.81. Looking at the other side of the coin, FL traded as low as $34.29 in the past 52 weeks, and since then the shares have risen 0.26% or $0.09. The company has a market capitalization of $4.54 billion, a P/E ratio of 7.95 and a beta of 0.68.

It is trading at $34.38 which is significantly lower than $47.92, the 50 day moving average and which is quite a bit below the 200 day moving average of $63.26. Foot Locker Inc. has $88 highest and $27 lowest target. The Ccm Investment Advisers Llc holds 43,988 shares with $3.12 million value, down from 48,978 last quarter. During the same quarter in the previous year, the company posted $0.94 EPS. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.80 billion. After having $-0.02 EPS previously, MEI Pharma Inc's analysts see 650.00% EPS growth. Over the past month the firm's stock is 30.77%, 48.75% for the last quarter, 83.08% for the past six-months and 120.37% for the a year ago. On average, equities analysts predict that Foot Locker will post $5.07 earnings per share for the current year. (NYSE:FL) on Monday, February 27 with "Buy" rating. If you are viewing this story on another publication, it was copied illegally and republished in violation of USA & worldwide trademark and copyright legislation. The correct version of this article can be viewed at The company announced a dividend for shareholders that will be paid on Friday October 27th, 2017.

Excluding the effects from this charge, the company's earnings per share were reported at $0.62 during the second quarter. The ex-dividend date will be on Wednesday the 12th of July 2017. This represents a $1.24 annualized dividend and a dividend yield of 3.61%. Piper Jaffray Companies set a $60.00 price target on shares of Foot Locker and gave the company a hold rating in a research note on Saturday, May 20th. Unusual volume can be a major signal that investment gurus and momentum traders are piling into a stock ahead of a catalyst. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Meanwhile, Foot Locker's net income fell to $51 million ($0.39 per share) during the quarter ended on July 29th from $127 million ($0.94 per share) during the same period a year ago. Macquarie Group Ltd. now owns 7,600 shares of the athletic footwear retailer's stock valued at $539,000 after buying an additional 4,100 shares during the period. Somerset Trust Co increased its stake in shares of Foot Locker by 0.7% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer's stock worth $694,000 after buying an additional 61 shares in the last 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. The value of the total investment in Foot Locker, Inc. increased from $109,000 to $1,178,000 increasing 980.7% quarter over quarter. Dynamic Technology Lab Private Ltd bought a new position in Foot Locker during the second quarter valued at approximately $599,000. DnB Asset Management AS now owns 15,200 shares of the athletic footwear retailer's stock valued at $1,137,000 after buying an additional 2,600 shares during the period.

Investors are on alert as Foot Locker, Inc.

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