Foot Locker tanks 16% on weak earnings as sneaker sales lag

19 Mai, 2017, 18:04 | Author: Marc Bacque
  • Adidas Kanye West designed

On average, analysts predict that Foot Locker, Inc. will post $5.31 EPS for the current fiscal year. The company's shares traded on stronger-than-usual volume today: $2.67M shares changed hands while the stock's average volume is 1.90M shares per day. Over the last six months, Foot Locker, Inc.'s stock has been 1.38% and 25.44% for the year. 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.

Historically, if we have a peek at price target revisions, Foot Locker, Inc. Foot Locker Inc. had 58 analyst reports since July 21, 2015 according to SRatingsIntel. (NYSE:FL) has "Buy" rating given on Thursday, February 2 by Guggenheim. For the last period, the company reported quarter over quarter EPS growth of 24.70% and quarter over quarter sales growth of 5.30%.

Among 23 analysts covering Foot Locker Inc. Van ECK Associates Corp increased its stake in shares of Foot Locker by 7.3% in the fourth quarter.

During the first quarter, the global footwear retailer opened 30 new stores, remodeled or relocated 61 stores, and closed 39 stores. (NYSE:FL)'s price target was revised on 05/15/17. During the same period in the previous year, the company earned $1.16 earnings per share. The stock was sold at an average price of $77.51, for a total value of $1,937,750.00.

A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between.

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. YorkBridge Wealth Partners LLC raised its stake in Foot Locker by 18.6% in the first quarter. For the next financial year, analysts expect that the firm will report sales of $8.51 billion per share, with estimates ranging from $8.4 billion to $8.68 billion. BlackRock Inc. increased its position in shares of Foot Locker by 2,189.3% in the first quarter. State of Alaska Department of Revenue now owns 17,768 shares of the textile maker's stock valued at $1,203,000 after buying an additional 1,024 shares during the period. The firm has "Buy" rating given on Thursday, April 20 by Buckingham Research. State Street Corp now owns 6,167,116 shares of the textile maker's stock worth $461,353,000 after buying an additional 105,750 shares during the last quarter. Canaccord Genuity lifted their price target on Foot Locker from $83.00 to $87.00 and gave the stock a "buy" rating in a report on Wednesday, February 22nd.

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Estimates: EPS virtually unchanged at $1.38, with revenue edging up 1.4% to $2.015 billion.

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A number of research analysts have weighed in on FL shares. Deutsche Bank AG reduced their price target on shares of Foot Locker from $90.00 to $89.00 and set a "buy" rating for the company in a research report on Friday, March 24th. MCKENNA MATTHEW M also sold $482,045 worth of Foot Locker, Inc. Cowen and Company reiterated a "market perform" rating and set a $77.00 price target on shares of Foot Locker in a report on Sunday, April 23rd.

Based on the latest notes released to investors, 12 analysts have issued a rating of "buy", 5 analysts "outperform", 6 analysts "hold", 0 analysts "underperform" and 0 analysts "sell".

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 legal filing with the Securities & Exchange Commission, which is accessible through this link. The disclosure for this sale can be found here. If you are viewing this story on another site, it was illegally stolen and reposted in violation of global copyright and trademark legislation. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. More interesting news about Foot Locker, Inc.


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