Should You Own Foot Locker (FL) Ahead of Earnings?

Gladys Abbott
November 18, 2017

In addition, 83 franchised Foot Locker stores were operating in the Middle East, as well as 14 franchised Runners Point stores in Germany.

Foot Locker (NYSE FL) traded up $0.65 during midday trading on Friday, reaching $31.85. Stock Yards Commercial Bank Trust holds 0.25% of its portfolio in Foot Locker, Inc. (NYSE:FL) or 9,750 shares. "Despite the highly promotional environment we still see in the marketplace, the availability of premium product is gradually improving compared to the first half of the year, and we believe we can achieve, and perhaps modestly exceed, the top- and bottom-line guidance we gave for the fourth quarter back in August". (NYSE:FL). Numeric Investors Limited Liability Corp holds 0.02% or 45,700 shares.

Shares of Foot Locker spiked 30 percent Friday after the shoemaker posted stronger-than-expected earnings. Foot Locker has a twelve month low of $28.42 and a twelve month high of $79.43. (NYSE:FL). Rothschild Investment Il has 0.14% invested in Foot Locker, Inc.

Eidelman Virant Capital holds 0.84% of its portfolio in Dover Motorsports, Inc. for 694,000 shares. Cap Fund Sa, a France-based fund reported 915,249 shares. 5 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Ls Investment Advisors Llc has 0.02% invested in Foot Locker, Inc. (NYSE:FL) earned "Hold" rating by Argus Research on Tuesday, June 13. Peak6 Investments L P holds 155,665 shares or 0.04% of its portfolio.

Everyone was trading FL stock as if it were near the end of its life on Wall Street.

Sell-side analysts have also provided a consensus recommendation of 2.60 on company shares.

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Net income in the quarter plunged 35% to $102 million or 81 cents per diluted share from $157 million or $1.17 in the same quarter previous year. About 49 shares traded.

Shares of Foot Locker Inc. surged on Friday after the company's third-quarter profit topped Wall Street expectations. It has underperformed by 16.41% the S&P500. (NASDAQ:FL), 4 rate it "Buy", 3 "Outperform", 12 "Underperform", 2 "Sell", while 0 "Hold". Therefore 40% are positive. Foot Locker Inc. has $88 highest and $27 lowest target.

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. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. Cowen & Co maintained Foot Locker, Inc. Jefferies maintained Foot Locker, Inc. (NYSE:FL) rating on Thursday, November 9. The rating was upgraded by Johnson Rice on Monday, July 24 to "Buy". The firm has "Neutral" rating by Robert W. Baird given on Monday, August 21. The stock has "Neutral" rating by Bank of America on Tuesday, December 22. The rating was maintained by Susquehanna on Monday, August 22 with "Positive". The rating was initiated by Brean Capital with "Buy" on Thursday, October 15. The Global Athletic Group operates the following retail stores: Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footlocker.com. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of B. It has a 10.22 P/E ratio.

ELLIOTT ASSOCIATES, L.P. lowered its stake in Alcoa Corporation (NYSE:AA) by 29.07% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. More interesting news about Foot Locker, Inc.

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