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Principale » Foot Locker, Inc. (NYSE:FL) Sees Unusual Trading Volume in Its Shares

Foot Locker, Inc. (NYSE:FL) Sees Unusual Trading Volume in Its Shares

25 Août 2017

Analysts on average have given a price target of $65.05 to Foot Locker, Inc. stock.

It is now trading at $33.18 much lower than $47.42, the stock's 50 day moving average and which is significantly below the 200 day moving average of $62.92.

A number of hedge funds have recently modified their holdings of FL. YorkBridge Wealth Partners LLC boosted its stake in shares of Foot Locker by 18.6% in the first quarter. Foot Locker had a return on equity of 7.16% and a net margin of 3.00%. On August 21 the company was downgraded to "Neutral" from "Buy" in an announcement from UBS. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer's stock valued at $104,000 after buying an additional 213 shares in the last quarter. Foot Locker, Inc. (NYSE:FL), at its latest closing price of $35.25, it has a price-to-book ratio of 1.51, compared to an industry average at 3.62. This represents an increase of approximately 126% compared to the typical volume of 3,406 call options. With 3.97 million shares average volume, it will take short sellers 2 days to cover their FL's short positions.

Wfg Advisors, Lp bolstered its investment by buying 1 shares an increase of 0.5% in the quarter.

On August 18 the company was downgraded to "Hold" from "Buy" in a report from Canaccord Genuity. Acrospire Investment Management LLC boosted its stake in shares of Foot Locker by 50.0% in the first quarter.

Foot Locker, Inc., launched on April 7, 1989, is a retailer of shoes and apparel.

Le Rhône placé en vigilance orange — Canicule
L'organisme met par ailleurs en garde contre les effets de la canicule et conseille de se rafraîchir régulièrement, de boire beaucoup "même sans soif" et d'éviter de sortir aux heures les plus chaudes.

(NYSE:FL). Valley National Advisers has invested 0% of its portfolio in Foot Locker, Inc. During the same quarter in the prior year, the company posted $0.94 earnings per share. (NYSE:FL) on Thursday, November 19 with "Neutral" rating. The institutional investor owned 30,130 shares of the athletic footwear retailer's stock after selling 512 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Foot Locker by 13.0% in the second quarter. The lower end of the projection is $0.75 per share, while the higher end is $1.2 per share. 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 in the last quarter. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.90 by $0.28. The stock presently has a consensus rating of "Hold" and a consensus target price of $66.41. Finally, Nationwide Fund Advisors increased its position in shares of Foot Locker by 2.1% in the first quarter. In the last earnings report the EPS was $4.33 and is projected to be $4.06 for the current year with 132,000,000 shares outstanding. The company's revenue for the quarter was down 4.4% on a year-over-year basis.

The High Revenue estimate is predicted as 1.88 Million, while the Low Revenue Estimate prediction stands at 1.78 Million.

ILLEGAL ACTIVITY WARNING: This piece was reported by TrueBlueTribune and is owned by of TrueBlueTribune. On July 17 Deutsche Bank left the company rating at "Buy" and moved down the price target to $72.00 from $79.00. If you are reading this news story on another website, it was stolen and reposted in violation of worldwide copyright laws. The original version of this report can be viewed at https://stocknewstimes.com/2017/08/23/foot-locker-inc-fl-rating-reiterated-by-fbr-co.html. While looking the figure depicted by the Price to Earning we can suggest that the shares of Foot Locker, Inc. Stockholders of record on Friday, October 13th will be paid a $0.31 dividend. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers.

Rather, consumer tastes seem to be the main culprit for the decline-and Foot Locker hasn't changed enough to keep pace. The Company 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. The ex-dividend date is Wednesday the 12th of July 2017.

Here are a few other firms who have also updated their positions.

Foot Locker, Inc. (NYSE:FL) Sees Unusual Trading Volume in Its Shares