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Foot Locker Inc. Q1 Earnings Drop 6%


FL stock has been pretty much flat this year, down less than 1%. "Foot Locker isn't one of those chains". In the same quarter of a year ago, the company reported earnings of $191 million, or 1.39 a share. Nonetheless, we believe our banners remain at the center of a vibrant sneaker culture.

Foot Locker said it was hurt largely by a strong dollar and by delayed tax refunds that prevented US consumers from spending earlier in the year. PETERS LAUREN B also sold $1.94M worth of Foot Locker, Inc. Jefferies Group LLC restated a "buy" rating and set a $88.00 price objective on shares of Foot Locker in a report on Friday, April 21st. Canaccord Genuity reissued a "buy" rating and issued a $83.00 price target on shares of Foot Locker in a research note on Monday, January 23rd.

Institutional investors own 95.30% of the company's stock. Values of %D line that are above 80 indicate that the security is overbought; prices could well fall in the near future. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. (NYSE:FL) has "Buy" rating given on Monday, November 23 by Brean Capital. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 14.43 and a beta of 0.57. The firm has a 50-day moving average price of $74.63 and a 200 day moving average price of $72.83.

The athletic shoe and apparel company reported first-quarter earnings per share of $1.36, falling short of the Street's forecast for $1.38, according to a Thomson Reuters consensus estimate.

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Results: EPS of $1.36 on revenue of $2.00 billion. While the aforementioned estimate would lead to 1% year-over-year (YoY) surge in revenues, it would allow the $9.12 billion company's top line to shrink 3.81% quarter-over-quarter (QoQ). Foot Locker was Friday's biggest decliner in the Standard & Poor's 500 Index by a wide margin.

Sell-side analysts have also provided a consensus recommendation of 1.80 on company shares. On average, equities research analysts expect that Foot Locker, Inc. will post $5.31 EPS for the current year. First Pacific Advsrs Lc invested 0.08% in Foot Locker, Inc. If you are reading this piece on another publication, it was illegally copied and republished in violation of USA and worldwide copyright & trademark law.

The company is scheduled to announce its next quarterly financial results on 19/05/2017 after the market close. Stockholders of record on Friday, July 14th will be paid a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, April 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.76%.

Among 23 analysts covering Foot Locker Inc. The company's 52-week range is $50.05 to $78.78. The stock rebounded briefly earlier in the year in a rally sparked by optimism over the company's strong April sales data. And the values below 20 that it is oversold indicate prices could very well bounce upwards. The disclosure for this sale can be found here. Nordea Investment Management AB now owns 2,956,033 shares of the textile maker's stock worth $200,183,000 after buying an additional 84,619 shares in the last quarter. Insiders own 2.92% of the company's stock.

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A number of large investors have recently modified their holdings of the company. State Street Corp now owns 6,061,366 shares of the textile maker's stock valued at $429,684,000 after buying an additional 326,005 shares during the period. Brean Capital initiated Foot Locker, Inc. Foot Locker's revenue for the quarter was up 5.3% compared to the same quarter previous year.

Other hedge funds have also added to or reduced their stakes in the company.

NEW YORK, NY, May 19, 2017 - Foot Locker, Inc. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. In addition, 62 franchised Foot Locker stores were operating in the Middle East and South Korea, as well as 15 franchised Runners Point stores in Germany.

Manufacturers selling more stock, says CBI
Sustained investment in innovation and education will be vital to shore up the success of British industry". Exports were also strong equalling the level seen in March.

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