Economy

FBR & Co Lowers Foot Locker, Inc. (FL) Price Target to $0.00

The company posted earnings of $1.70 B for the period, compared to analysts' anticipations of $1.80 B. for the same quarter previous year, firm posted $0.94 Earnings Per Share. the firms sales for the period was down 4.4% on a YOY basis. financial stock experts expect that Foot Locker to post $3.97 earnings per share for the full year. Commerce Bank boosted its holdings in Foot Locker by 1.3% during the first quarter. Sentry Investment Management LLC grew its position in Foot Locker by 131.7% during the 2nd quarter. Toronto Dominion Bank now owns 44,472 shares of the athletic footwear retailer's stock valued at $2,190,000 after acquiring an additional 8,746 shares during the period. TD Asset Management Inc. grew its position in Foot Locker by 45.1% during the 2nd quarter.

JetBlue Airways Corporation (NASDAQ:JBLU) persists its position active in context of investors' investment valuation, price per shares eased up 0.05% to $19.82 with volume of 2.74 Million. Russell Investments Group Ltd. now owns 138,739 shares of the athletic footwear retailer's stock worth $10,382,000 after acquiring an additional 8,617 shares during the period. IFP Advisors Inc now owns 5,106 shares of the athletic footwear retailer's stock worth $252,000 after purchasing an additional 526 shares in the last quarter. Hedge funds and other institutional investors own 91.36% of the company's stock.

FL has been the topic of a number of recent research reports.

On August 18, 2017 the stock rating was set at "Hold" according to a Canaccord Genuity report which is down from the previous "Buy" rating.

COPYRIGHT VIOLATION NOTICE: "FBR & Co Lowers Foot Locker, Inc". Jefferies fixed a $80.00 price objective on the stock of Foot Locker and issued the shares a buy recommendation in a note on Tue, Jun 20th. Oppenheimer Holdings, Inc. began coverage on Foot Locker in a report on Friday, July 7th. It is widely believed that a stock's future performance can best be predicted by analyzing prior trends and patterns in price. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the stock. The stock's average target of $64.96 is 78.76% above today's ($36.34) share price. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of USA and worldwide trademark & copyright laws. The legal version of this piece of content can be read at https://stocknewstimes.com/2017/09/05/first-trust-advisors-lp-raises-position-in-foot-locker-inc-fl.html.

More notable recent Foot Locker, Inc. 5,560,054 shares of the stock were exchanged. The company has a market cap of $4.80 billion, a P/E ratio of 8.40 and a beta of 0.73. The firm presented substantial 200-days simple moving average of -7.34%. Foot Locker has a 1-year low of $31.56 and a 1-year high of $79.43.

Foot Locker (NYSE:FL) last issued its earnings results on Friday, August 18th.

Foot Locker, Inc. has a consensus outperform rating from 22 Wall Street analysts, and the number of shares now sold short amount to at least 0% of shares outstanding. Foot Locker had a ROE of 21.52% and a net profit margin of 7.49%.

Rr Partners Lp holds 5.13% of its portfolio in Foot Locker, Inc. for 1.44 million shares. Lastly, Deutsche Bank AG fixed a $72.00 price objective on the stock of Foot Locker and issued the shares a buy recommendation in a note on Mon, Jul 17th. around three financial stock experts recommended the company shares with a sell recommendation, fourteen have published a hold recommendation and twelve has issued a buy recommendation to the firms shares. the share now has a average recommendation of Hold and an consensus price target of $65.81.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. The dividend payment will be $0.310 per share for the quarter which is $1.24 annualized. The ex-dividend date is Wednesday the 12th of July 2017. The firm has dividend yield of 0.27% that is also considered as effective indicator. BidaskClub downgraded Foot Locker from a sell recommendation to a strong sell recommendation in a note on Tue, Jul 25th.



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