Foot Locker Inc. Reports 28% Decline In Q3 Profit

Saturday, 18 Nov, 2017

Pool Corporation now has $4.78B valuation. The lowest price the stock reached in the last trading day was $195.25 and compares with the $131.03 52-week low. About 49 shares traded.

Smithfield Tru reported 0.01% in Foot Locker, Inc. Therefore 40% are positive. $60.80's average target is 57.59% above currents $38.58 stock price. The firm has "Outperform" rating by Wells Fargo given on Thursday, November 19.

Thirteen percent of UBS survey respondents indicated that they prefer to purchase Nike products on Amazon compared with the 9 percent who said they prefer to purchase the same products at Foot Locker. The firm earned "Buy" rating on Monday, August 22 by Citigroup. Jefferies maintained Foot Locker, Inc. Deutsche Bank maintained it with "Buy" rating and $81.0 target in Tuesday, January 5 report.

Since May 24, 2017, it had 0 buys, and 1 insider sale for $332,640 activity. Shares for $332,640 were sold by GILBERT JAROBIN JR.

About 8.04M shares traded or 125.84% up from the average.

Foot Locker (NYSE:FL) last announced its quarterly earnings data on Thursday, November 16th. It has underperformed by 16.41% the S&P500. The company has market cap of $2.57 billion. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. Companies with a high P/E ratio are typically growth stocks. The Global Athletic Group operates the following retail stores: Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Foot Locker.com. Foot Locker has a fifty-two week low of $28.42 and a fifty-two week high of $79.43.

The company said its earnings dropped to $110 million, or $0.87 per share. FL's profit would be $99.23 million giving it 9.75 P/E if the $0.80 EPS is correct.

Foot Locker posted adjusted earnings per share of 87 cents versus an average analyst estimate of 80 cents.

As it stands, investors will need to wait until DSW formally releases third-quarter 2017 results next Tuesday, Nov. 21, 2017, before we know whether today's pop was merited. Its down 0.17, from 1.04 in 2017Q1. "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". 64 funds opened positions while 162 raised stakes. Airain reported 72,988 shares. Commonwealth Of Pennsylvania School Empls Retrmt holds 0.01% in Foot Locker, Inc. (NYSE:FL) has been one of Wall Street's most interesting narratives in 2017. 43,001 were accumulated by Gulf Bancshares (Uk). (NYSE:FL). Rothschild Investment Il has 0.14% invested in Foot Locker, Inc. Pennsylvania-based Orrstown Financial Serv has invested 0.06% in Foot Locker, Inc. Srb Corporation holds 0.02% or 3,020 shares in its portfolio. (NYSE:FL) or 190,538 shares.

Many value investors look for stocks with a high percent of insider ownership, under the theory that when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term. Buckingham Capital Mgmt Incorporated invested in 1.46% or 253,581 shares. (NYSE:FL). Numeric Investors Limited Liability Corp holds 0.02% or 45,700 shares. When investing in a volatile security, the risk of success is increased just as much as the risk of failure. Its up 0.38, from 1.15 in 2017Q1. These holdings make up 96.16% of the company's outstanding shares. 35 funds opened positions while 113 raised stakes.

Steve Symington owns shares of Under Armour (C Shares). (NASDAQ:HIBB) and Finish Line Inc (NASDAQ:FINL). Invesco holds 0.01% or 404,273 shares. Peak6 Investments L P holds 155,665 shares or 0.04% of its portfolio.

Shares of DSW Inc. Morgan Stanley holds 85,857 shares. American Int Grp Inc Inc owns 84,634 shares.

Sell-side analysts have also provided a consensus recommendation of 2.60 on company shares. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The company was downgraded on Friday, April 15 by Cowen & Co. As per Wednesday, December 7, the company rating was downgraded by Sidoti.