Foot Locker, Inc. (FL) Q3 Profit & Revenue Top Expectations

Foot Locker, Inc. (FL) Q3 Profit & Revenue Top Expectations

Foot Locker, Inc. (FL) Q3 Profit & Revenue Top Expectations

The firm owned 15,071 shares of the athletic footwear retailer's stock after acquiring an additional 5,228 shares during the period. 0 analysts gave its stock an Outperform rating. The firm has "Sell" rating by Zacks given on Monday, September 21. Morgan Stanley reissued an "overweight" rating and issued a $50.00 price objective (down from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. It is negative, as 100 investors sold Foot Locker, Inc. shares while 161 reduced holdings. ValuEngine upgraded shares of Foot Locker from a "hold" rating to a "buy" rating in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have assigned a buy rating to the company's stock.

Currently, the 14-day Relative Strength Index (RSI) reading is at 54.85. The company's stock had a trading volume of 6,309,600 shares, compared to its average volume of 3,308,711. Its last month's stock price volatility remained 5.02% which for the week stands at 3.74%. The firm has a market cap of $3,675.29, a P/E ratio of 6.62, a PEG ratio of 2.07 and a beta of 0.66. Foot Locker has a 12-month low of $28.42 and a 12-month high of $79.43.

The company now has an insider ownership of 0.2 Percent and Institutional ownership of 99.3 Percent. (NYSE:FL). Utah Retirement System has invested 0.03% in Foot Locker, Inc. Stockholders of record on Friday, January 19th will be issued a dividend of $0.31 per share. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The stock sank -3.07% last month and is down -57.68 this year. The NYSE-listed company saw a recent bid of $42.21 on volume of 4.73 million shares. "We are adjusting our course proactively, including creating new initiatives with key vendors and making critical investments in our digital platforms and supply chain, to ensure that Foot Locker will continue to thrive at the center of sneaker culture and, more broadly, youth culture".

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In addition to Canaccord reporting its stock price target, a total of 23 brokerages have issued a ratings update on the company. If you are accessing this news story on another website, it was stolen and reposted in violation of US & worldwide trademark and copyright legislation. Analysts have placed a $39.89 price target on Foot Locker, Inc., suggesting a 32.97% gain from recent close.

Several hedge funds have recently modified their holdings of the stock. After posting $0.62 EPS for the previous quarter, Foot Locker, Inc.'s analysts now forecast 29.03 % EPS growth.

FL's overall volume in the last trading session was 1,215,278 shares. Koch Industries Inc. purchased a new stake in Foot Locker in the second quarter valued at $720,000. According to their observations and findings, the stock could provide a high EPS of $0.86/share and a low EPS of $0.75/share.

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Analyzing the technical facts of Foot Locker, Inc. Pacer Advisors Inc. lifted its stake in Foot Locker by 49.6% during the second quarter. Canada Pension Plan Investment Board now owns 1,819,210 shares of the athletic footwear retailer's stock valued at $89,651,000 after purchasing an additional 718,800 shares during the last quarter. (NYSE:FL). Virginia-based Thompson Siegel And Walmsley Ltd Limited Liability Company has invested 0.01% in Foot Locker, Inc.

Foot Locker and other sporting goods retailers have been plauged with sluggish sales, which they have credited partially to a lack of new styles in the athletic shoe market.

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