Published: Fri, November 17, 2017
Business | By Max Garcia

Foot Locker Inc. Reports 28% Decline In Q3 Profit

Foot Locker Inc. Reports 28% Decline In Q3 Profit

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.

Several other brokerages also recently commented on FL. Bank of America Corporation downgraded Foot Locker from a "neutral" rating to an "underperform" rating in a research note on Friday, August 18th. Foot Locker, Inc. (NYSE:FL) has a 20-Day average volume of 3.64 Million. BidaskClub upgraded shares of Foot Locker from a "sell" rating to a "hold" rating in a report on Friday, August 11th. 0 analysts gave its stock an Outperform rating. Zacks Investment Research upgraded shares of Foot Locker from a "sell" rating to a "hold" rating in a report on Thursday, August 10th. (FL) traded up $0.36 during mid-day trading on Wednesday, reaching $30.00. Almost 3.89 million shares were traded by the close, lower than its average daily volume of 4.78 million shares.

The market capitalization of Foot Locker, Inc.is at $3.9 Billion. The company has a current ratio of 5.63, a quick ratio of 2.88 and a debt-to-equity ratio of 0.04.

Foot Locker, Inc. (NYSE:FL) reported its EPS in the last quarter as $0.62/Share lagging the analyst estimate of $0.9/Share by a difference of $-0.28. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%.

Foot Locker, Inc. (NYSE:FL) touched its 1-Year High price of $79.43 on 12/08/16 and its 1-Year Low price of $28.42 on 11/08/17.

The first Sneakeasy launch, the Special Field Air Force-1 Mid "OBJ", opens today on the Foot Locker App Launch Reservation system. If you are viewing this piece on another website, it was stolen and reposted in violation of U.S. and global copyright legislation. I think so. While FL stock won't bounce back to its 2017 highs of near $80, I do see another 40%-plus upside in this name to just under $60 over the next 12 months. Janus Henderson Group PLC boosted its holdings in Foot Locker by 1,291.0% during the 2nd quarter.

FL's overall volume in the last trading session was 1,215,278 shares.

Foot Locker, Inc. (NYSE:FL) received a Buy rating from 1 analysts. Finally, Ffcm LLC grew its holdings in Foot Locker by 9.3% during the 2nd quarter. The firm owned 9,065,383 shares of the company's stock after buying an additional 155,950 shares during the period. FBR & Co restated a "neutral" rating and set a $58.00 price target on shares of Foot Locker in a report on Tuesday, August 15th.

About Foot Locker, Inc. Vident Investment Advisory LLC now owns 69,782 shares of the athletic footwear retailer's stock worth $2,457,000 after buying an additional 34,103 shares in the last quarter. Our experts cover all kinds of trades... from value to momentum. from stocks under $10 to ETF and option moves. from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises.

The biggest institutional shareholders in Foot Locker, Inc. include Vanguard Group Inc which owns 13 million shares in the company valued at $649.89 million. There is a seismic shift in athletic retail right now from wholesale to direct (companies like Nike selling through their own channels, including their own stores). The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

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