Baird Reiterates "Neutral" Rating for Foot Locker, Inc. (FL)

Foot Locker

Foot Locker

Todd Asset Management LLC now owns 582,371 shares of the athletic footwear retailer's stock worth $43,567,000 after buying an additional 148,889 shares during the period. The value in dollars went from $8,628,000 to $5,464,000 decreasing 36.7% since the last quarter. As of quarter end Winton Group Ltd had sold 4,458 shares trimming its holdings by 3.9%. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer's stock valued at $153,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 93.49% of the company's stock. (FL) opened at 31.82 on Tuesday.

Foot Locker, Inc. now has a P/E ratio of 7.70 and market cap is 4.40B. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -28.11% where SMA50 and SMA200 are -30.1% and -47.92% respectively. Fuller & Thaler Asset Management Inc holds 0% of its portfolio in Foot Locker, Inc.

About 7.40M shares traded or 45.10% up from the average.

The Relative Volume of the company is 8.91 and Average Volume (3 months) is 4.06 million.

Foot Locker Inc. and Nike Inc. are among the stocks that have fallen in Monday trading after a number of analysts downgraded sporting goods shares or cut their price targets. 22 analysts on average projected earnings of $1.02 per share for the current quarter. The High end of the Estimate is $1.99 Billion, while the Low end of the Estimate is $1.81 Billion.

Foot Locker, Inc. (FL)'s ROE is 21.09%, while industry's is 11.66%. (NYSE:FL). Analysts are projecting that the stock will reach $65.05 on a short term (1 year) basis. For the same quarter from the prior fiscal year, company earned $0.94 Earnings Per Share.

Valuation Ratios of Foot Locker, Inc. It shows the percentage of sales that remain after all of the company's expenses have been paid. The ex-dividend date will be on Wednesday July 12th, 2017. Foot Locker's yield is 28.57%. Cipher L P has 0.02% invested in Foot Locker, Inc. "(FL) Position Raised by Cadence Capital Management LLC" was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark legislation. Finally, Citigroup Inc. lowered their price target on shares of Foot Locker from $92.00 to $81.00 and set a buy rating for the company in a research report on Monday, May 22nd. Barclays PLC restated an "overweight" rating and issued a $80.00 target price on shares of Foot Locker in a research report on Thursday, June 22nd. Robert W. Baird downgraded Foot Locker from an "outperform" rating to a "neutral" rating in a research note on Monday. The average stock price target is $73.30 with zero analysts rating the company a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the company a hold, zero equity analysts rating the company a underperform, and lastly 0 firms rating the stock a sell. They presently have a $50.00 target price on the athletic footwear retailer's stock. 5,600 shares were sold by GILBERT JAROBIN JR, worth $332,640. It indicates oversold and overbought price levels for a stock. Following the completion of the transaction, the director now owns 8,964 shares of the company's stock, valued at $532,461.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Foot Locker, Inc. P/E (price to earnings) ratio is 7.04 and Forward P/E ratio of 6.31. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. As of January 28, 2017, the Company operated franchised stores in Germany under the Runners Point banner.

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