Economy

Foot Locker Stock Plunges on Sales Miss Amid Retail Headwinds

Foot Locker Stock Plunges on Sales Miss Amid Retail Headwinds

About shares traded. Foot Locker, Inc. Following the transaction, the senior vice president now directly owns 36,641 shares of the company's stock, valued at $2,729,754.50. Ferguson Wellman Capital Management Inc.'s holdings in Foot Locker were worth $344,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 95.30% of the company's stock. Company insiders own 2.92% of the company's stock. Excluding the impact of foreign currency fluctuations, total sales increased 1.8%. FBR & Co also issued estimates for Foot Locker's FY2018 earnings at $5.28 EPS. The stock now has Weekly Volatility of 2.19% and Monthly Volatility of 1.69%.

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 past year. (FL). These ratios are important while doing valuation of the company or the shares of the company. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 12.22 and a beta of 0.57.

Net income in the quarter tumbled 38% to $22.2 million or 85 cents per diluted share from $35.9 million or $1.29 in the same quarter a year ago.

Foot Locker was the biggest decliner in the Standard & Poor's 500 Index Friday. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.02 billion.

Campbell Soup Company (CPB), the canned soups provider reported revenues in the third-quarter ending in April fell 1% from a year ago to $1.85 billion. The firm earned "Neutral" rating on Friday, February 5 by Credit Suisse. Investors of record on Friday, July 14th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 12th.

04/21/2017 - Foot Locker, Inc. had its "market perform" rating reiterated by analysts at Cowen.

ILLEGAL ACTIVITY NOTICE: "Ferguson Wellman Capital Management Inc". Foot Locker, Inc. has a 52-week low of 50.90 and a 52-week high of 79.43. (NYSE:FL). First Retail Bank Of Omaha has 24,819 shares. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of USA & global copyright laws. The legal version of this report can be accessed at https://sportsperspectives.com/2017/05/18/foot-locker-inc-fl-downgraded-to-hold-at-zacks-investment-research-updated-updated.html.

The soups maker lowered its fiscal 2017 sales forecast in the range of 1% decline to flat from the earlier estimated range of flat to 1% but lifted operating profit estimate to increase by 2% to 4% from the previously forecasted range of 1% to 4% and diluted earnings per share to jump between 3% and 5% or between $3.04 and $3.09 per share. They now have a Dollars 83 price target on the stock. (NASDAQ:CREE). Weiss Multi holds 0.06% or 50,280 shares. Canaccord Genuity lifted their price target on shares of Foot Locker from $83.00 to $87.00 and gave the company a "buy" rating in a research report on Wednesday, February 22nd. State of Alaska Department of Revenue now owns 17,768 shares of the textile maker's stock valued at $1,203,000 after buying an additional 1,024 shares during the period. The stock now has an average rating of Buy and an average price target of $80.91. And the values below 20 that it is oversold indicate prices could very well bounce upwards. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. PETERS LAUREN B also sold $1.94M worth of Foot Locker, Inc. The stock was sold at an average price of $77.51, for a total value of $1,937,750.00. The disclosure for this sale can be found here.

The company says it faced "unprecedented challenges" last quarter.

On the close of 05/17/2017 Foot Locker, Inc.


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