Analysts See $0.80 EPS for Foot Locker, Inc. (FL)

Ivan Schwartz
November 18, 2017

(NYSE:FL), 12 have Buy rating, 1 Sell and 17 Hold. Buckingham Research restated a "buy" rating and issued a $47.00 target price (down previously from $61.00) on shares of Foot Locker in a research report on Tuesday, August 22nd.

But U.S. News warned that over the next few years, Foot Locker "will have to do something truly magical to actually grow". Finally, Credit Suisse Group reaffirmed a neutral rating and issued a $52.00 target price (down from $66.00) on shares of Foot Locker in a report on Tuesday, August 1st.

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.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -42.32%, and has a solid year to date (YTD) performance of -55.99% which means that the stock is constantly adding to its value from the previous fiscal year end price. Higher relative volume you will have more liquidity in the stock which will tighten spreads and allow you to trade with more size without a ton of slippage.

Analysts await Foot Locker, Inc. The company has a current ratio of 5.63, a quick ratio of 2.88 and a debt-to-equity ratio of 0.04. Earnings estimates had come down dramatically, with third-quarter estimates falling from $1.20 to 80 cents per share over the past 3 months. Foot Locker, Inc. (NYSE:FL) has risen 0.29% since November 15, 2016 and is uptrending. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.28). The business's quarterly revenue was down.8% compared to the same quarter past year.

At the moment 21 analysts are watching Foot Locker, Inc.

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Gross margins also declined in the period, to 31.0% percent of sales from 33.9% a year ago. During the same quarter in the prior year, the business posted $1.13 EPS. analysts anticipate that Foot Locker will post 3.94 earnings per share for the current fiscal year.

Analysts expect Foot Locker, Inc. "(FL) Price Target Lowered to $34.00 at Telsey Advisory Group" was reported by BBNS and is the sole property of of BBNS. If you are accessing this piece on another website, it was copied illegally and reposted in violation of global trademark and copyright laws.

Several other brokerages also recently commented on FL. Bank of America Corporation downgraded Foot Locker from a "neutral" rating to an "underperform" rating in a research note on Friday, August 18th. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. The ex-dividend date is Thursday, January 18th. Foot Locker has a twelve month low of $28.42 and a twelve month high of $79.43. Analysts have placed a $39.89 price target on Foot Locker, Inc., suggesting a 32.97% gain from recent close.

The stock increased or $0 during the last trading session, hitting $. The stock had a trading volume of 4,970,800 shares, compared to its average volume of 3,295,162. Koch Industries Inc. purchased a new stake in Foot Locker in the second quarter valued at $720,000. Ls Investment Advisors Llc has 0.02% invested in Foot Locker, Inc. National Pension Service raised its holdings in shares of Foot Locker by 10.3% in the 2nd quarter.

Specifically, Foot Locker has to contend with online businesses such as Zappos, as well as broader competitive threats coming from Zappos parent Amazon.com Inc. The Company operates through two segments: Athletic Stores and Direct-to-Customers.

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