Earnings on the Doorstep For Foot Locker, Inc


Institutional investors and hedge funds own 95.30% of the company's stock. FMR LLC raised its position in Foot Locker by 7.6% in the fourth quarter. The stock's current RSI reading is at 29.91. Finally, Lingohr & Partner Asset Management GmbH increased its stake in shares of Foot Locker by 118.0% in the third quarter. State Street Corp increased its position in shares of Foot Locker by 1.7% in the first quarter. Following the sale, the senior vice president now owns 36,641 shares of the company's stock, valued at approximately $2,729,754.50.

During the quarter under review, Foot Locker opened 30 new outlets, remodeled or relocated 61 outlets and shuttered 39 outlets. FBR & Co has a "Hold" rating and a $76.00 price target on the stock. Most recently Foot Locker, Inc. Insiders sold a total of 35,000 shares of company stock valued at $2,686,090 in the last 90 days. Suntrust Banks Inc.'s holdings in Foot Locker were worth $1,514,000 as of its most recent filing with the SEC. Foot Locker, Inc. has a 52-week low of 50.90 and a 52-week high of 79.43. (NYSE:FL) stock may see increased volatility following the report. The firm has a market capitalization of $9.25 billion, a P/E ratio of 14.35 and a beta of 0.57.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, May 19th. February is typically one of the biggest months of the year for Foot Locker, but a lag in consumers receiving their tax refunds hampered results, the New York-based company said. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.12 billion. Foot Locker was Friday's biggest decliner in the Standard & Poor's 500 Index by a wide margin. Vanguard Group Inc. now owns 12,986,214 shares of the textile maker's stock worth $971,499,000 after buying an additional 257,770 shares during the last quarter. Analysts, on average, were expecting $0.90 per share, and the company reported EPS of $0.94 - amounting to a positive surprise of 4.36%.

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Heading into the earnings release, covering analysts have a consensus target price of $82.95 on Foot Locker, Inc. shares. Shares were down 0.6% in 2017 through Thursday, while the S&P 500 has gained 5%. This is a positive change from Foot Locker's previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.75%.

Among 23 analysts covering Foot Locker Inc. Wells Fargo initiated the shares of FL in report on Thursday, November 19 with "Outperform" rating. During the session shares stayed in the range from $72.59 to $70.72. Finally, B. Riley reissued a "buy" rating and issued a $79.00 price target on shares of Foot Locker in a research note on Tuesday, February 21st. (NYSE:FL) now have an ABR of 1.44.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell.

During the quarter, the company repurchased 546,000 shares worth $38 million and paid a quarterly dividend of 31 cents a share.

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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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Lauren B. Peters sold 25,000 shares of Foot Locker stock in a transaction dated Wednesday, March 8th. The disclosure for this sale can be found here. BlackRock Inc. now owns 9,163,944 shares of the textile maker's stock worth $685,553,000 after buying an additional 8,763,641 shares during the last quarter.

"Foot Locker has kicked off its fiscal year with a somber set of numbers", GlobalData retail analyst Carter Harrison wrote in an email.

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