Market Insights on: Foot Locker, Inc. (NYSE:FL)

Ivan Schwartz
May 19, 2017

"For the rest of the quarters, Foot Locker reiterated double-digit growth in earnings per share and a mid-single digit percentage increase in comps". Extending back, their 50-Day Simple Moving Average is -19.00%, looking even further back, their 200-Day Simple Moving Average stands at -14.11%. Over the last six months, Foot Locker, Inc.'s stock has been 1.38% and 25.44% for the year. (NYSE:FL) stock went gone down with a prior 52-week high of $78.78.During the session shares traded on above-average volume. It is positive, as 45 investors sold Foot Locker, Inc. shares while 189 reduced holdings.

In the quarter ending July 2016, Foot Locker, Inc. delivered an even larger earnings beat.

Foot Locker, a retailer of shoes and apparel.

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The New York-based company said it had net income of $1.36 per share. Foot Locker's dividend payout ratio is presently 23.71%. FMR LLC increased its stake in Foot Locker by 7.6% in the fourth quarter. Tocqueville Asset Management L.P. bought a new stake in Foot Locker during the first quarter worth about $204,000. (NYSE:FL). Kornitzer Management Ks holds 6,605 shares or 0.01% of its portfolio. Following the completion of the transaction, the senior vice president now directly owns 36,641 shares of the company's stock, valued at $2,729,754.50. Total debt to equity ratio of the company for most recent quarter is 0.05 whereas long term debt to equity ratio for most recent quarter is 0.05. The average true range, a measure of volatility is at 1.40, however its weekly and monthly volatility is 2.28%, 1.65% respectively. Also, Director Cheryl N. Turpin sold 2,000 shares of the company's stock in a transaction dated Thursday, March 2nd. 1,317,494 shares of the stock were exchanged. Excluding the effect of foreign currency fluctuations, total sales for the first quarter increased 1.8%. BlackRock Inc. now owns 9,163,944 shares of the textile maker's stock worth $685,553,000 after buying an additional 8,763,641 shares during the last quarter. The firm owned 20,270 shares of the textile maker's stock after buying an additional 2,029 shares during the period. Nordea Investment Management AB now owns 2,956,033 shares of the textile maker's stock worth $200,183,000 after buying an additional 84,619 shares during the period. 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.

Foot Locker posted weaker-than-expected earnings and sales for its first quarter after high promotional activity and getting off to a slow start in February. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.12 billion. (NYSE:FL). First Retail Bank Of Omaha has 24,819 shares. Deutsche Bank AG reaffirmed a "buy" rating and set a $81.00 price target (up from $76.00) on shares of Foot Locker in a report on Wednesday, February 22nd. (NYSE:FL) now have an ABR of 1.44.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. The stock's current RSI reading is at 29.91.

In related news, SVP Paulette Alviti sold 8,000 shares of Foot Locker stock in a transaction dated Thursday, April 20th. If you are viewing this story on another site, it was illegally stolen and reposted in violation of worldwide copyright and trademark legislation. MCKENNA MATTHEW M also sold $482,045 worth of Foot Locker, Inc. The disclosure for this sale can be found here. Hedge funds and other institutional investors own 95.30% of the company's stock. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. Exane Derivatives bought a new stake in shares of Foot Locker during the third quarter valued at $8,349,000.

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