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Foot Locker beats Street 3Q forecasts

Foot Locker beats Street 3Q forecasts

Foot Locker beats Street 3Q forecasts

They now have a market perform rating on the athletic footwear retailer's stock. The company now has a consensus rating of Hold and a consensus target price of $57.67. Morgan Stanley upgraded shares of Foot Locker from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $70.00 to $65.00 in a report on Tuesday, August 8th. The firm has "Sell" rating by Zacks given on Monday, September 21. It is negative, as 100 investors sold Foot Locker, Inc. shares while 161 reduced holdings. Credit Suisse Group reissued a "neutral" rating and issued a $52.00 price objective (down previously from $66.00) on shares of Foot Locker in a report on Tuesday, August 1st.

Among 7 analysts covering Pool Corporation (NASDAQ:POOL), 5 have Buy rating, 1 Sell and 1 Hold. $60.80's average target is 94.87% above currents $31.2 stock price. If shares close at those levels, it will be the company's single best trading day since 1977. 6,309,600 shares of the stock were exchanged, compared to its average volume of 3,308,711. (NYSE:FL). Nomura Asset Mngmt Limited holds 0.01% of its portfolio in 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. After $0.62 actual earnings per share reported by Foot Locker, Inc. for the previous quarter, Wall Street now forecasts 29.03% EPS growth. Stockholders of record on Friday, January 19th will be given a dividend of 0.31 per share by the athletic footwear retailer on Friday, February 2nd. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%.

Foot Locker, Inc. (NYSE:FL) touched its 1-Year High price of $79.43 on 12/08/16 and its 1-Year Low price of $28.42 on 11/08/17.

The counter witnessed a trading volume of 1.26 million shares versus an average volume of 1.32 million shares during last trading session.

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The biggest institutional shareholders in Foot Locker, Inc. include Vanguard Group Inc which owns 13 million shares in the company valued at $649.89 million. "(FL) Given New $36.00 Price Target at Canaccord Genuity" was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this story on another site, it was copied illegally and reposted in violation of USA and worldwide trademark & copyright laws.

Several research firms recently commented on FL. Jefferies Group LLC set a $61.00 target price on shares of Foot Locker and gave the company a "buy" rating in a research note on Friday.

Several hedge funds have recently modified their holdings of the stock. Afam Capital Inc. now owns 34,033 shares of the athletic footwear retailer's stock worth $1,199,000 after buying an additional 14,409 shares in the last quarter. Koch Industries Inc. purchased a new stake in Foot Locker in the second quarter valued at $720,000. Cubist Systematic Strategies LLC raised its position in shares of Foot Locker by 8.4% in the third quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer's stock valued at $148,000 after purchasing an additional 348 shares during the last quarter. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.28). "We also significantly accelerated the pace of share repurchases in the quarter given the value we perceived in the price of the company's shares".

As CNBC reports, "Fears that e-commerce giant Amazon.com may seek to expand into apparel have made it a tough year for Foot Locker shares". As of October 28, 2017, the company operated 3,349 stores in 23 countries in North America, Europe, Australia, and New Zealand.

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