Near term Outlook For Foot Locker, Inc. (NYSE:FL)

Foot Locker Inc

Wall Street is only getting more bullish on the stock, with 7 of analysts who cover FL having a buy-equivalent rating. The firm has "Sell" rating by Zacks given on Monday, September 21. BidaskClub raised Foot Locker from a "strong sell" rating to a "sell" rating in a research report on Monday, July 31st. 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. (NYSE:FL), 12 have Buy rating, 1 Sell and 17 Hold.

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. The most recent bid on the stock was registered at $31.20. Foot Locker, Inc.'s now has a PEG ratio of 10.94 where as its P/E ratio is 6.92. Foot Locker has a fifty-two week low of $28.42 and a fifty-two week high of $79.43.

The company now has an insider ownership of 0.2 Percent and Institutional ownership of 99.3 Percent.

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Shares of Foot Locker Inc. surged on Friday after the company's third-quarter profit topped Wall Street expectations. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.40 as current ratio and on the opponent side the debt to equity ratio was 0.24 and long-term debt to equity ratio also remained 0.24. Foot Locker Inc. had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The firm's quarterly revenue was down.8% compared to the same quarter a year ago.

As the earnings date approaches, we can see that insider ownership is now 0.20% shares, and institutional ownership is at 99.30% for Foot Locker, Inc. Foot Locker said it incurred $7 million of hurricane-related costs, the majority of which related to damaged or lost inventory. Finally, Telsey Advisory Group lowered shares of Foot Locker from an "outperform" rating to a "market perform" rating and set a $60.00 price target on the stock.in a report on Friday, August 18th. If you are accessing this news story on another website, it was stolen and reposted in violation of US & worldwide trademark and copyright legislation.

Among 30 analysts covering Foot Locker Inc.

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Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in Foot Locker by 32.0% in the third quarter. 115.75 million shares or 1.84% less from 117.92 million shares in 2017Q1 were reported. Ffcm LLC lifted its stake in Foot Locker by 9.3% during the second quarter. Cubist Systematic Strategies LLC raised its position in shares of Foot Locker by 8.4% in the third quarter.

The collapse of sneaker retailer Foot Locker, Inc. Pacer Advisors Inc. lifted its stake in Foot Locker by 49.6% during the second quarter. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.28). (NYSE:FL). Virginia-based Thompson Siegel And Walmsley Ltd Limited Liability Company has invested 0.01% in Foot Locker, Inc.

In addition, 83 franchised Foot Locker stores were operating in the Middle East, as well as 14 franchised Runners Point stores in Germany. There is a seismic shift in athletic retail right now from wholesale to direct (companies like Nike selling through their own channels, including their own stores).

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