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Has The Rebound Started In Foot Locker, Inc.?

Has The Rebound Started In Foot Locker, Inc.?

Fears that e-commerce giant Amazon.com may seek to expand into apparel have made it a tough year for Foot Locker shares, now down more than 50 percent since January. Cubist Systematic Strategies LLC now owns 51,637 shares of the athletic footwear retailer's stock worth $1,819,000 after buying an additional 3,981 shares in the last quarter. The biggest holder now is Matthew D. Serra who owns 758,585 shares (0.61% of those outstanding), whilst Kenneth (Ken) C. Hicks holds 565,805 (0.46% of shares outstanding) and Mr. Richard A. Johnson holds 262,589 (0.21% of shares outstanding).

FL has been the topic of a number of research reports.

Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer's stock valued at $126,495,000 after purchasing an additional 870,899 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Foot Locker by 49.6% during the second quarter.

Revenues fell 0.8% from a year ago to $1.87 billion, also beating analysts' view for $1.82 billion.

Foot Locker, Inc. (NYSE:FL) touched its 1-Year High price of $79.43 on 12/08/16 and its 1-Year Low price of $28.42 on 11/08/17. Cubist Systematic Strategies LLC raised its position in shares of Foot Locker by 8.4% in the third quarter. Moreover, Smithbridge Asset Management Inc De has 2.93% invested in the company for 46,000 shares. "(FL) Price Target Lowered to $34.00 at Telsey Advisory Group" was reported by BBNS and is the sole property of of BBNS. If you are accessing this news story on another website, it was stolen and reposted in violation of US & worldwide trademark and copyright legislation.

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Among 30 analysts covering Foot Locker Inc. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/16/foot-locker-inc-fl-given-consensus-recommendation-of-hold-by-brokerages.html. (FL) traded up $0.65 during mid-day trading on Friday, hitting $31.85. Almost 3.89 million shares were traded by the close, lower than its average daily volume of 4.78 million shares. The company has a market cap of $4,900.00, a price-to-earnings ratio of 6.96, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66.

The company now has an insider ownership of 0.2 Percent and Institutional ownership of 99.3 Percent.

Shares of Foot Locker Inc. surged on Friday after the company's third-quarter profit topped Wall Street expectations. Earnings estimates had come down dramatically, with third-quarter estimates falling from $1.20 to 80 cents per share over the past 3 months. Foot Locker Inc. had 102 analyst reports since July 21, 2015 according to SRatingsIntel. -Earnings Decline (Y-o-Y): -27.6% -EPS (Q3): $0.87 vs. $1.13 past year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.89%. It is negative, as 100 investors sold Foot Locker, Inc. shares while 161 reduced holdings. Finally, Credit Suisse Group reissued a "neutral" rating and issued a $52.00 price objective (down previously from $66.00) on shares of Foot Locker in a research note on Tuesday, August 1st. Foot Locker, Inc. (NYSE:FL) has risen 0.29% since November 15, 2016 and is uptrending. (NYSE:FL), 12 have Buy rating, 1 Sell and 17 Hold. $60.80's average target is 94.87% above currents $31.2 stock price. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. The Firm 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.