Foot Locker Q3 Earnings Top Wall Street Targets

Analyst Hurricanes Delayed Launches Set Foot Locker Up For A Weak Q3
Foot Locker shares surge the most in 40 years after earnings beat
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18 November, 2017

On Wednesday, October 18 the stock rating was maintained by Canaccord Genuity with "Hold". The company now has a consensus rating of Hold and a consensus target price of $57.67. (NYSE:FL) has "Buy" rating given on Monday, August 24 by UBS. The firm has "Sell" rating by Zacks given on Monday, September 21. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Foot Locker in a report on Tuesday, August 15th. Credit Suisse Group reissued a "neutral" rating and issued a $52.00 price objective (down previously from $66.00) on shares of Foot Locker in a report on Tuesday, August 1st. Out of 3 Wall Street analysts rating Interdigital Comm, 0 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold".

Shares of Foot Locker (NYSE:FL) traded up $1.20 during trading on Wednesday, hitting $31.20. Foot Locker, Inc. (NYSE:FL) has a 20-Day average volume of 3.64 Million. 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, Inc. (FL) has made its way to a 12-month decline of -58.01%.

The company now has an insider ownership of 0.2 Percent and Institutional ownership of 99.3 Percent.

At the session level, shares of Foot Locker, Inc.(NYSE:FL) moved 4.91% from the open. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.28). 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. Foot Locker Inc. had 103 analyst reports since July 21, 2015 according to SRatingsIntel.

Since June 1, 2017, it had 1 insider buy, and 0 sales for $358 activity. Same-store sales, a key retail metric, dropped 3.7% year on year, total sales fell 0.8% to $1.87 billion, and net income dropped to $102 million from $157 million a year earlier.

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AMG National Trust Bank lifted its stake in Foot Locker, Inc.

The stock had fallen more than 55% before Friday's earnings report as new athletic footwear styles failed to excite shoppers amid competition from the online segment led by Amazon. If you are viewing this piece on another website, it was stolen and reposted in violation of USA and worldwide copyright legislation.

Foot Locker, Inc. (NYSE:FL) received a Buy rating from 1 analysts. After posting $0.62 EPS for the previous quarter, Foot Locker, Inc.'s analysts now forecast 29.03 % EPS growth. They expect $0.73 EPS, down 81.04% or $3.12 from last year's $3.85 per share. Koch Industries Inc. purchased a new stake in Foot Locker in the second quarter valued at $720,000.

Foot Locker, Inc. has a consensus hold rating from 21 Wall Street analysts, and the number of shares now sold short amount to at least 11.94% of shares outstanding. Finally, Canada Pension Plan Investment Board boosted its holdings in Foot Locker by 65.3% in the second quarter. Ffcm LLC now owns 4,072 shares of the athletic footwear retailer's stock valued at $201,000 after purchasing an additional 348 shares during the last quarter. Moreover, Smithbridge Asset Management Inc De has 2.93% invested in the company for 46,000 shares.

In addition, 83 franchised Foot Locker stores were operating in the Middle East, as well as 14 franchised Runners Point stores in Germany. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers.


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