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

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

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

Now we take a performance look how Foot Locker, Inc. The most recent bid on the stock was registered at $31.20. The firm presently has a "hold" rating on the athletic footwear retailer's stock.

Thirteen percent of UBS survey respondents indicated that they prefer to purchase Nike products on Amazon compared with the 9 percent who said they prefer to purchase the same products at Foot Locker. Afam Capital Inc. raised its position in shares of Foot Locker by 73.4% 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. Finally, Canada Pension Plan Investment Board boosted its holdings in Foot Locker by 65.3% in the second quarter. During the same quarter in the prior year, the business posted $1.13 EPS. analysts anticipate that Foot Locker will post 3.94 earnings per share for the current fiscal year. Ffcm LLC lifted its stake in Foot Locker by 9.3% during the second quarter. Finally, Exane Derivatives lifted its stake in Foot Locker by 110,475.0% during the third quarter. "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".

TRADEMARK VIOLATION NOTICE: This news story was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer's stock valued at $126,495,000 after purchasing an additional 870,899 shares during the last quarter. Foot Locker has a 12-month low of $28.42 and a 12-month high of $79.43. The firm has a market cap of $4,900.00, a PE ratio of 6.96, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 2.88.

Foot Locker Inc. reported net income dropped 35.0 percent in the third quarter.

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Foot Locker earned $102 million or 81 cents per share, down from the $157 million or $1.17 per share a year earlier. Its revenue totaled $1.8 billion down -10.02% from the previous quarter. The stock increased 4.00% or $1.2 during the last trading session, reaching $31.2. 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. The stock is now moving above its 20-Day Simple Moving Average of 1.98% with a 50-Day Simple Moving Average of -5.21 percent. Cowen and Company reissued a "hold" rating and issued a $52.00 price objective on shares of Foot Locker in a report on Friday, July 28th. 0 analysts gave its stock an Outperform rating. It is negative, as 100 investors sold Foot Locker, Inc. shares while 161 reduced holdings. (NYSE:FL) has an average volume of 4.79 Million.

Among 7 analysts covering Pool Corporation (NASDAQ:POOL), 5 have Buy rating, 1 Sell and 1 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 shoe store has been in hot water in recent months as Wall Street grows increasingly concerned with retailers. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers.

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