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Karp Capital Management Corp Takes Position in Foot Locker, Inc. (FL)

19 Mai 2017

If shares can stay above the price resistance around $71.44/share, that could help propel Foot Locker, Inc. After a recent look, shares have been seen 0.58% from the 200-day moving average, and -5.40% from the 50-day moving average.

Shares of Foot Locker are down 8.8% in early action after comparable sales growth of 0.5% in Q1 misses the expectation of analysts for a 1.4% rise. This is a positive change from Foot Locker's previous quarterly dividend of $0.28. State Common Retirement Fund stated it has 0.01% in Cree, Inc. The company has a consensus rating of "Buy" and a consensus price target of $80.91. Brean Capital initiated Foot Locker, Inc. FMR LLC increased its position in shares of Foot Locker by 7.6% in the fourth quarter.

During the first quarter, Foot Locker opened 30 new stores, remodeled or relocated 61 stores, and closed 39 stores.

Foot Locker (NYSE:FL) last released its earnings results on Friday, February 24th.

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"[Foot Locker's] improving product offerings, excitement around Nike's National Basketball Association sponsorship, remodel lifts, and overall high engagement with customers should continue to drive results and share gains", Susquehanna analyst Sam Poser wrote in a note to investors Friday morning. The market capitalization of the company is at $9.36 Billion. The average true range, a measure of volatility is at 1.40, however its weekly and monthly volatility is 2.28%, 1.65% respectively. The stock's average target of $77.76 is 10.38% above today's ($70.45) share price. Lingohr & Partner Asset Management GmbH now owns 23,259 shares of the textile maker's stock valued at $1,575,000 after buying an additional 12,588 shares during the period. For the next financial year, analysts expect that the firm will report sales of $8.51 billion per share, with estimates ranging from $8.4 billion to $8.68 billion. Nordea Investment Management AB raised its position in Foot Locker by 2.9% in the third quarter. $152,340 worth of stock was sold by TURPIN CHERYL N on Thursday, March 2. Nordea Investment Management AB now owns 2,956,033 shares of the textile maker's stock valued at $200,183,000 after buying an additional 84,619 shares during the period. State Street Corp now owns 6,167,116 shares of the textile maker's stock worth $461,353,000 after buying an additional 105,750 shares during the last quarter. The firm's quarterly revenue was up 5.3% on a year-over-year basis. (NYSE:FL). First Retail Bank Of Omaha has 24,819 shares.

A number of research analysts have weighed in on FL shares. (NYSE:FL) stock a Strong Buy, 0 rate the stock a Buy, 4 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. If you are viewing this story on another site, it was illegally stolen and reposted in violation of worldwide copyright and trademark legislation. Finally, B. Riley reaffirmed a "buy" rating and set a $79.00 price target on shares of Foot Locker in a research report on Tuesday, February 21st.

On 4/20/2017 Paulette Alviti, SVP, sold 8,000 with an average share price of $74.50 per share and the total transaction amounting to $596,000.00. Jefferies Group LLC set a $90.00 price objective on Foot Locker and gave the stock a "buy" rating in a research report on Monday, March 27th. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The disclosure for this sale can be found here.

04/20/2017 - Foot Locker, Inc. was upgraded to "buy" by analysts at Buckingham Research. The Company operates through two segments: Athletic Stores and Direct-to-Customers. Hedge funds and other institutional investors own 95.30% of the company's stock. 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. New York-based Tower Ltd Liability Com (Trc) has invested 0% in Cree, Inc.

Karp Capital Management Corp Takes Position in Foot Locker, Inc. (FL)