Finance

Should You Own Foot Locker (FL) Ahead of Earnings?

Should You Own Foot Locker (FL) Ahead of Earnings?

Foot Locker, Inc.is a retailer of shoes and apparel. (NYSE: FL) is a specialty athletic retailer that operates more than 3,350 stores in North America, Europe, Australia, and New Zealand. They reported earnings at $0.62 per share, missing their estimate of $0.90. Jefferies maintained it with "Buy" rating and GBX 330 target in Monday, December 5 report. BidaskClub raised Foot Locker from a strong sell rating to a sell rating in a research report on Monday, July 31st. Morgan Stanley reissued an "overweight" rating and issued a $50.00 price objective (down previously from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th.

Foot Locker, Inc. was covered by a number of analysts recently, 4 rated the stock as Buy, 3 rated Outperform, 12 rated Hold, 2 gave an Underperform and 0 rated sell. (NYSE:FL), 12 have Buy rating, 1 Sell and 17 Hold. These types of traders like to get in well ahead of a large spike, so it's always a smart move to monitor unusual volume. About 19.41M shares traded or 445.22% up from the average. Moreover, Nantahala Capital Management Llc has 0.29% invested in the company for 1.73 million shares. After $0.62 actual earnings per share reported by Foot Locker, Inc. for the previous quarter, Wall Street now forecasts 29.03% EPS growth. The firm's quarterly revenue was down 4.4% on a year-over-year basis. equities research analysts expect that Foot Locker will post 3.94 earnings per share for the current fiscal year.

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BLACKROCK INC. raised its stake in Foot Locker, Inc. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the firm earned $0.94 EPS.

Foot Locker posted adjusted earnings per share of 87 cents versus an average analyst estimate of 80 cents. Dimensional Fund Advisors LP lifted its holdings in Foot Locker by 10.4% in the 2nd quarter. (NYSE:FL) earned "Hold" rating by Argus Research on Tuesday, June 13. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. and worldwide copyright & trademark laws. The correct version of this article can be accessed at https://stocknewstimes.com/2017/11/16/foot-lockers-fl-hold-rating-reiterated-at-robert-w-baird.html. The ex-dividend date is Thursday, January 18th. The company's stock had a trading volume of 1,378,586 shares, compared to its average volume of 3,295,162. Foot Locker's payout ratio is presently 28.64%. (NYSE:FL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. Renaissance Technologies LLC now owns 1,372,300 shares of the athletic footwear retailer's stock worth $67,627,000 after buying an additional 1,297,900 shares during the last quarter. The shares price has positioned -7.36% down over the past quarter while it has directed -45.76% toward a falling position throughout past six months. Bank of New York Mellon Corp lifted its stake in Foot Locker by 32.0% in the third quarter. Sei Investments Company acquired 22,067 shares as Pool Corporation (POOL)'s stock rose 2.20%. "These new NIKE Pro Athlete and Lead positions will allow for even more in-depth consumer connections for both Foot Locker and NIKE". Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.40 as current ratio and on the opponent side the debt to equity ratio was 0.24 and long-term debt to equity ratio also remained 0.24. Hedge funds and other institutional investors own 95.20% of the company's stock.


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