Foot Locker, Inc. (FL) Shares Gap Up After Better-Than-Expected Earnings
- Author: Zachary Reyes Mar 01, 2017,
Mar 01, 2017, 7:44
During the same quarter in the previous year, the company posted $1.16 EPS. For the Current Quarter, 20 analysts are projecting the mean EPS to be $1.04/share.
Foot Locker, Inc. closed its last trading session at $68.58 with the gain of 9.38%. The company reported the earnings of $1.37/Share in the last quarter where the estimated EPS by analysts was $1.32/share. The company earned $2.11 billion during the quarter, compared to analysts' expectations of $2.12 billion. The Return on Equity (ROE) value stands at 24.3%. The company's revenue was up 5.1% compared to the same quarter past year. For FL, the company now has $865 Million of cash on the books, which is offset by $1 Million current liabilities. With the last close up 8.35% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time.
This article was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem.
Other research analysts have also issued research reports about the stock.
Today there are 132,364,000 shares in issue of Foot Locker, Inc. which are now trading at 75.21 which brings the business's market capitalisation to 9.96B United States dollars.
Canaccord Genuity noted a target price of 87 on Foot Locker, Inc.'s shares. Finally, Vetr upgraded shares of Foot Locker from a "hold" rating to a "buy" rating and set a $75.82 price target for the company in a report on Tuesday, November 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company.
Over the last twelve months shares in Foot Locker, Inc. have increased by 0% from 0.00 to 75.21.
Foot Locker, Inc. (NYSE:FL) has the market capitalization of $9.86 Billion.
Shares of Foot Locker (NYSE:FL) traded down 1.34% during trading on Monday, reaching $74.99. The 50 day moving average of NYSE:FL is 69.89 and the 200 day moving average is 69.23.
A number of hedge funds have recently bought and sold shares of the stock.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Foot Locker was Upgraded by Guggenheim to Buy on Feb 2, 2017. Numeric Investors LLC increased its stake in Foot Locker by 11.7% in the fourth quarter. FMR LLC now owns 7,218,272 shares of the company's stock valued at $511,703,000 after buying an additional 509,160 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Foot Locker by 2.9% in the third quarter. Also, SVP Paulette Alviti sold 10,000 shares of the business's stock in a transaction that occurred on Monday, December 5th. Stock exchanged hands with the total volume of 2.56 Million shares, as contrast to its average volume of 2.47 Million shares. Following the completion of the transaction, the director now directly owns 48,189 shares of the company's stock, valued at approximately $3,488,401.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $76.23, for a total value of $76,230.00. The disclosure for this sale can be found here.
Now the company Insiders own 2.92% of Foot Locker, Inc. shares according to the proxy statements.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Thursday, April 13th will be given a dividend of $0.31 per share.
While looking at the Stock's Performance, Foot Locker, Inc. now shows a Weekly Performance of 6.4%, where Monthly Performance is 8.4%, Quarterly performance is 2.69%, 6 Months performance is 10.83% and yearly performance percentage is 13.85%. The ex-dividend date is Wednesday, January 11th.
On 11/16/2016 Foot Locker announced a quarterly dividend of $0.28 1.54% with an ex dividend date of 1/11/2017 which will be payable on 1/27/2017. Foot Locker's payout ratio is presently 23.71%.