Foot Locker, Inc. (NYSE:FL) EPS Analysis
- Author: Zachary Reyes May 19, 2017,
May 19, 2017, 19:56
Foot Locker Inc (NYSE:FL) institutional sentiment increased to 1.09 in Q4 2016. Horizon Investment Services Llc, a Indiana-based fund reported 77,814 shares.#img1#.
A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. Canaccord Genuity restated a "buy" rating and set a $83.00 price objective on shares of Foot Locker in a report on Monday, January 23rd. Foot Locker has a consensus rating of "Buy" and an average target price of $80.91. (NYSE:FL) higher to the next line of resistance at $72.44/share. However the price at the close of last session was -5.03% lower than its 50-day moving average and 1.18% over its 200-day moving average. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 14.43 and a beta of 0.57. Lowers Position in Foot Locker, Inc.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, February 24th. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.05.
Foot Locker was the biggest decliner in the Standard & Poor's 500 Index Friday. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.12 billion. Total expenses were 86.61 percent of quarterly revenues, up from 85.10 percent for the same period a year ago.
Stock analysts at FBR & Co issued their Q1 2018 earnings estimates for shares of Foot Locker in a research report issued to clients and investors on Monday.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Bowling Portfolio Management Ltd Co accumulated 47,077 shares or 0.5% of the stock. The ex-dividend date was Tuesday, April 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.76%.
Ratings analysis reveals 74% of Foot Locker Inc.'s analysts are positive.
TRADEMARK VIOLATION NOTICE: "Foot Locker, Inc".
ILLEGAL ACTIVITY WARNING: This piece of content was first published by Chaffey Breeze and is the property of of Chaffey Breeze. PETERS LAUREN B also sold $1.94M worth of Foot Locker, Inc.
On 12/6/2016 Jarobin Gilbert Jr, Director, sold 1,000 with an average share price of $76.23 per share and the total transaction amounting to $76,230.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Following the transaction, the senior vice president now directly owns 36,641 shares of the company's stock, valued at $2,729,754.50. And the values below 20 that it is oversold indicate prices could very well bounce upwards. Bank of New York Mellon Corp now owns 2,936,340 shares of the textile maker's stock valued at $219,668,000 after buying an additional 42,736 shares during the period. The disclosure for this sale can be found here. Insiders own 2.92% of the company's stock. Boston Advisors LLC increased its stake in shares of Foot Locker by 5.4% in the third quarter. Finally, AQR Capital Management LLC raised its position in Foot Locker by 8.1% in the fourth quarter. First Pacific Advsrs Lc invested 0.08% in Foot Locker, Inc.
"We remain on track to buy back total $875 million in common stock during fiscal 2017 under the new two-year $1.75 billion authorization approved by the Board of Directors in February", said chief executive officer Barbara Rentler.
Net income in the quarter surged 61.9% to $802.4 million or $2.49 per diluted share from $495.4 million or $1.56 in the same quarter previous year. For the past 5 days of trading, the stock has seen a move of -8.39%.