Finance

Foot Locker, Inc. (FL) Q3 Profit & Revenue Top Expectations

Foot Locker, Inc. (FL) Q3 Profit & Revenue Top Expectations

Foot Locker, Inc. has a 52 week low of $28.42 and a 52 week high of $79.43. The company now has a consensus rating of Hold and a consensus target price of $57.67. According to today's trading volume Foot Locker, Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. The firm has "Neutral" rating by Robert W. Baird given on Monday, August 21. The stock of Foot Locker, Inc. (NYSE:FL) has been one of Wall Street's most interesting narratives in 2017. The company was downgraded on Friday, April 15 by Cowen & Co. The stock has "Neutral" rating by Bank of America on Tuesday, December 22. The stock has decreased 54 percent in the last 12 months. (NYSE:FL). Axa has 0.03% invested in Foot Locker, Inc. The company operates in the Consumer Cyclical sector with a market capitalization of 3.9 Million. It has a 7.2 P/E ratio. It offers a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802-related products and networks.

Among 30 analysts covering Foot Locker Inc. FL's profit would be $99.23 million giving it 9.75 P/E if the $0.80 EPS is correct. During the same quarter in the prior year, the company posted $1.13 EPS.

Permit Capital Llc holds 3.78% of its portfolio in InterDigital, Inc. for 83,116 shares. Oppenheimer Asset owns 9,975 shares. Institutional investors own 95.20% of the company's stock. Lafayette Investments Inc., a Maryland-based fund reported 97,352 shares.

Ratings analysis reveals 0 of Interdigital Comm's analysts are positive. The firm has "Buy" rating given on Tuesday, October 3 by Robert W. Baird. Susquehanna maintained the shares of FL in report on Friday, August 18 with "Buy" rating. About 49 shares traded. It is down 11.76% since November 16, 2016 and is downtrending. It has outperformed by 19.15% the S&P500.

The collapse of sneaker retailer Foot Locker, Inc. Eight analysts surveyed by Zacks expected $1.84 billion. As part of Foot Locker's over-arching strategy to offer differentiated brand experiences and products, the two companies are again joining forces to offer industry-leading experiences to consumers through innovative in-store and pop-up opportunities. The Global Athletic Group operates the following retail stores: Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footlocker.com. Its down 0.17, from 1.04 in 2017Q1. It dropped, as 100 investors sold Foot Locker, Inc. shares while 161 reduced holdings. 64 funds opened positions while 162 raised stakes. Both quarters had the same lap (a 4.7% rise), so comparable sales trends are improving on both a 1- and 2-year basis. 115.75 million shares or 1.84% less from 117.92 million shares in 2017Q1 were reported. 5 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. (NYSE:FL). Srb accumulated 3,020 shares. (NYSE:FL). Alliancebernstein L P owns 255,206 shares or 0.01% of their U.S. portfolio. Royal National Bank & Trust Of Canada holds 0.02% or 786,259 shares in its portfolio. Great Lakes Advsrs Lc holds 45,824 shares or 0.06% of its portfolio.

During the third quarter, Foot Locker noted it opened 12 new stores, remodeled or relocated 41 stores, and closed 22 stores. Cornerstone Cap Mgmt reported 32,201 shares stake. Engineers Gate Manager Limited Partnership has 17,990 shares for 0.08% of their portfolio. Stifel owns 25,309 shares. The firm owned $8.33 million shares of the company's stock after selling 3.41 million shares during the period.

Previously on Monday November 13, 2017, Telsey Advisory Group released a statement for Foot Locker (NYSE:FL) bumped down the target price from $36.00 to $34.00.

Since May 24, 2017, it had 0 insider purchases, and 1 sale for $332,640 activity.


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