Can Foot Locker, Inc. (FL) Shock Analysts Again?

On 3/8/2017 Lauren B Peters, CFO, sold 25,000 with an average share price of $77.51 per share and the total transaction amounting to $1,937,750.00. The stock has "Hold" rating by Deutsche Bank on Friday, July 15. Argus Research initiated the stock with "Buy" rating in Thursday, October 8 report. Fast forward to 12/31/2012 and each share was worth $142.41 on that date, a decrease of $4.67/share over all those years.

08/22/2016 - Foot Locker, Inc. had its "buy" rating reiterated by analysts at B. Riley. Equity research analysts have forecasted the stock level. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock now has an average rating of Buy and an average price target of $80.91. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and worldwide copyright & trademark law.

Foot Locker's stock was falling more than 16 percent shortly after market open, following the report.

Before that, quarter ending October 2016, Foot Locker, Inc. also surprised analysts by beating the consensus estimate. 7,118,240 shares of the company were exchanged. Foot Locker, Inc. (NYSE:FL) shares have been recently spotted -10.51% away from the 52-week high, and 40.87% away from the 52-week low mark. However the price at the close of last session was -5.03% lower than its 50-day moving average and 1.18% over its 200-day moving average.

Estimates: EPS virtually unchanged at $1.38, with revenue edging up 1.4% to $2.015 billion. Foot Locker's revenue was up 5.3% compared to the same quarter past year. During the same period in the previous year, the business posted $1.39 EPS.

A number of other hedge funds and other institutional investors also recently modified their holdings of FL. Impala Asset Mngmt Ltd Com stated it has 2.03% in Foot Locker, Inc. Alyeska Investment Group L.P. increased its stake in Foot Locker by 128.6% in the fourth quarter.

The stock has 5 year expected PEG ratio of 1.60 whereas its trailing twelve month P/E ratio is 14.41 along with forward price to earnings ratio of 12.23. Cubist Systematic Strategies Llc acquired 18,188 shares as Foot Locker Inc (FL)'s stock 0.00%. For the past 5 days of trading, the stock has seen a move of -8.39%. Finally, Todd Asset Management LLC raised its position in shares of Foot Locker by 46.1% in the third quarter. 'In addition, the tight inventory discipline we have maintained over the last several years is serving us well now, because even with first quarter sales that ran below expectations, we believe our inventory is still well positioned to drive improved top line results over the balance of the year.

On 4/20/2017 Paulette Alviti, SVP, sold 8,000 with an average share price of $74.50 per share and the total transaction amounting to $596,000.00. Following the transaction, the senior vice president now owns 36,641 shares in the company, valued at $2,729,754.50. 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 chief financial officer now directly owns 144,597 shares in the company, valued at approximately $11,207,713.47. The disclosure for this sale can be found here. The Company spent $38 million to repurchase 546 thousand shares during the quarter and paid a quarterly dividend of $0.31 per share. Shareholders of record on Friday, July 14th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.76%.

Media stories about Foot Locker (NYSE:FL) have been trending somewhat positive on Saturday, according to Alpha One Sentiment. As of April 29, 2017, the company operated 3,354 stores in 23 countries in North America, Europe, Australia, and New Zealand. 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.

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