What is the Street Saying About Foot Locker, Inc. (NYSE:FL)?

What is the Street Saying About Foot Locker, Inc. (NYSE:FL)?

What is the Street Saying About Foot Locker, Inc. (NYSE:FL)?

The fact that Foot Locker can withstand the negative impact of online competition so far is a big plus for the company and its owners. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Retirement Systems of Alabama's holdings in Foot Locker were worth $4,787,000 as of its most recent filing with the SEC. Todd Asset Management LLC now owns 467,014 shares of the textile maker's stock worth $31,626,000 after buying an additional 147,267 shares in the last quarter.

Debt comes down marginally Foot Locker, Inc. has recorded a decline in total debt over the last one year. Foot Locker, Inc. The company has a market cap of $7.76 billion, a PE ratio of 12.0500 and a beta of 0.57. The company's shares traded on stronger-than-usual volume today: $2.76M shares changed hands while the stock's average volume is 1.92M shares per day. (NYSE:FL) to report on May, 19 before the open. its quarterly earnings Wall Street analysts expect $1.38 EPS, down $0.01 or 0.72 % from last year's $1.39 same quarter earnings. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.05.

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in FL over the next 72 hours.

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Foot Locker's shares cratered 15% to below $60, which is 24% below the 52 week high at close to $80. The company also recently announced a quarterly dividend, which was paid on Friday, April 28th. The ex-dividend date is Wednesday, July 12th. Foot Locker's dividend payout ratio is 23.71%. Part of the data in this report is derived from Zacks Research and FactSet. The Company's gross margin rate decreased to 34.0 percent of sales from 35.0 percent a year ago, and the selling, general, and administrative expense rate increased 30 basis points to 18.5 percent of sales.

Foot Locker, Inc. (FL) now has P/E (Price to Earnings) ratio of 14.4 while the company's industry has 107.95 P/E and the sector P/E is 22.63. Piper Jaffray Companies set a $76.00 price objective on shares of Foot Locker and gave the company a "hold" rating in a research report on Monday, March 20th. Foot Locker's revenue was up 5.3% compared to the same quarter past year.

The company's consensus rating is now Strong Buy, with 14 analysts rating it a Strong Buy, and 4 analysts rating it with a Hold. Foot Locker has an average rating of "Buy" and an average price target of $80.91.

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04/20/2017 - Foot Locker, Inc. had its "buy" rating reiterated by analysts at Deutsche Bank. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of US and global trademark and copyright legislation. The original version of this news story can be accessed at https://www.themarketsdaily.com/2017/05/20/somewhat-positive-media-coverage-likely-to-affect-foot-locker-fl-stock-price-updated-updated-updated.html. The shares were sold at an average price of $74.50, for a total value of $596,000.00.

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