Canaccord Genuity Analysts Give Foot Locker, Inc. (FL) a $36.00 Price Target

18 November, 2017, 01:40 | Author: Terri Saunders
  • FL PE Ratio data by YCharts

The company has market cap of $4.78 billion. It has a 8.9 P/E ratio. The Dover International Speedway is located in Dover, Delaware, on approximately 770 acres of land. "We are adjusting our course proactively, including creating new initiatives with key vendors and making critical investments in our digital platforms and supply chain, to ensure that Foot Locker will continue to thrive at the center of sneaker culture and, more broadly, youth culture". It dived, as 100 investors sold Foot Locker, Inc. shares while 161 reduced holdings. The firm's quarterly revenue was down.8% compared to the same quarter past year.

About 13,629 shares traded.

The stock had fallen more than 55% before Friday's earnings report as new athletic footwear styles failed to excite shoppers amid competition from the online segment led by Amazon. InterDigital, Inc. (IDCC) has risen 50.23% since November 17, 2016 and is uptrending. It has underperformed by 28.46% the S&P500. Glg Ptnrs L P holds 72,534 shares or 0.2% of its portfolio.

Shares of DSW Inc. Foot Locker, Inc.'s beta is 0.66 whilst the stock has an average true range (ATR) of 1.15. The Florida-based Zpr Investment Management has invested 0.23% in the stock. Airain reported 72,988 shares. Jefferies Group LLC reissued a "buy" rating and set a $80.00 price objective on shares of Foot Locker in a research note on Thursday, August 3rd. Therefore 40% are positive. (NYSE:FL). Utah Retirement System has invested 0.03% in Foot Locker, Inc. The company has an average rating of "Hold" and an average target price of $58.80. Foot Locker Inc. had 103 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, August 29 by Morgan Stanley.

Analysts await Foot Locker, Inc. (NYSE:FL) to release earnings on November, 17 before the open. The firm has "Mixed" rating given on Friday, August 12 by OTR GLobal. (NYSE:FL) earned "Sell" rating by Goldman Sachs on Friday, March 18. The firm has "Neutral" rating by Robert W. Baird given on Monday, August 21. The company has market cap of $3.87 billion. Companies with a high P/E ratio are typically growth stocks. The Firm is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

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The S&P 500 declined 0.7 percent, with energy declining 1.3 percent. Deutsche Bank maintained Foot Locker, Inc. 64 funds opened positions while 162 raised stakes.

Net income in the quarter rose 1.2% to $10.1 million or 15 cents per diluted share from $7.9 million or 12 cents in the same quarter past year.

Steve Symington owns shares of Under Armour (C Shares). Invesco holds 0.01% or 404,273 shares. Royal National Bank & Trust Of Canada holds 0.02% or 786,259 shares in its portfolio. ELLIOTT ASSOCIATES, L.P. owned 0.43% of Alcoa Corporation (AA) worth $327.23 million at the end of the most recent reporting period. (NYSE:FL)'s shares owned by insiders are 0.20%, whereas shares owned by institutional owners are 99.30%. (NYSE:FL). Srb accumulated 3,020 shares. Commerzbank Aktiengesellschaft Fi owns 6,632 shares. Orrstown Fincl holds 0.06% of its portfolio in Foot Locker, Inc. (NYSE:FL). Tiaa Cref Mngmt Lc stated it has 0.02% in Foot Locker, Inc.

Net income in the quarter soared 12.3% to $229 million or 58 cents per diluted share from $204 million or 51 cents in the same quarter a year ago. Buckingham Capital Mgmt Incorporated invested in 1.46% or 253,581 shares. (NYSE:FL). Numeric Investors Limited Liability Corp holds 0.02% or 45,700 shares. (NYSE:FL). Rothschild Investment Il has 0.14% invested in Foot Locker, Inc.

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