May 28, 2018

Foot Locker, Inc. (FL) SVP Sells 8000 Shares of Stock

19 May 2017, 07:58 | Melvin Schneider

Foot Locker, Inc. (FL) SVP Sells 8000 Shares of Stock

8 Stocks To Watch For

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FL. Somerset Trust Co raised its position in Foot Locker by 0.3% in the first quarter. Boston Advisors LLC now owns 20,361 shares of the textile maker's stock valued at $1,379,000 after buying an additional 1,037 shares during the period.

Historically, if we have a peek at price target revisions, Foot Locker, Inc. Todd Asset Management LLC now owns 467,014 shares of the textile maker's stock worth $31,626,000 after buying an additional 147,267 shares in the last quarter. Tiaa Cref Inv Mngmt holds 0.08% of its portfolio in Foot Locker, Inc. BlackRock Fund Advisors now owns 2,503,180 shares of the textile maker's stock worth $169,515,000 after buying an additional 88,331 shares during the period. Aviance Capital Partners LLC now owns 15,688 shares of the textile maker's stock worth $1,062,000 after buying an additional 46 shares during the period. NEXT Financial Group Inc boosted its position in shares of Foot Locker by 30.2% in the third quarter. (NYSE:FL) shares have seen a move of 0.78%. The firm has a 50 day moving average of $74.63 and a 200 day moving average of $72.83. The company has market cap of $9.13 billion.

The athletic shoe and apparel company reported first-quarter earnings per share of $1.36, falling short of the Street's forecast for $1.38, according to a Thomson Reuters consensus estimate. Foot Locker had a return on equity of 24.22% and a net margin of 8.26%. While the aforementioned estimate would lead to 1% year-over-year (YoY) surge in revenues, it would allow the $9.12 billion company's top line to shrink 3.81% quarter-over-quarter (QoQ). In contrast to the year ago quarter EPS was at 1.22. The firm has "Neutral" rating by Credit Suisse given on Friday, February 5. The Company spent $38 million to repurchase 546 thousand shares during the quarter and paid a quarterly dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Tuesday, April 11th.

Among 23 analysts covering Foot Locker Inc.

ILLEGAL ACTIVITY NOTICE: "Ferguson Wellman Capital Management Inc".

Foot Locker, Inc. has a one year low of $50.90 and a one year high of $79.43. "(FL)" was first posted by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & worldwide copyright & trademark legislation.

Average US 30-year mortgage rate slips to 4.02 percent
The refinance share of mortgage activity accounted for 41.1 percent of all applications, its lowest level since September 2008. Freddie Mac said the 30-year fixed-rate mortgage averaged 4.02% for the week ending May 18, down from 4.05%.

Tayside GP practices affected by NHS cyber-attack running as normal
The UK government called a meeting of its crisis response committee, known as Cobra, to discuss how to handle the situation. He had previously asked that patients other than those with emergencies avoid going to the surgery until Tuesday.

UN Security Council for imposing sanctions on North Korea's missile test
And Trump had opened the door earlier this month to talks, saying he would be "honored" to meet North Korean leader Kim Jong Un. North Korea published photos and video clips from Sunday's successful launch of its Hwasong-12 midrange missile.

Several other brokerages have also issued reports on FL. The stock declined 0.01% or $0.01 reaching $70.44 on the news.

"[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.

Foot Locker, Inc. had its "buy" rating reiterated by analysts at B. Riley. (NYSE:FL) now have an ABR of 1.44.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. The stock's current RSI reading is at 29.91.

The company claims that the lag in consumers receiving their tax refunds hampered results for February, typically one of the biggest months of the year for Foot Locker. Following the sale, the senior vice president now owns 36,641 shares of the company's stock, valued at approximately $2,729,754.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Lauren B. Peters sold 25,000 shares of the company's stock in a transaction on Wednesday, March 8th.

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.

Other News

Trending Now

Pakistan moves ICJ to rehear Kulbhushan Jadhav case
Senior lawyer Alamzaib Khan Advocate said that ICJ decision was a temporary stay order and final judgment was yet to be delivered. Aziz, however, maintained that Qureshi had "courageously" presented Pakistan's case in the court, the Nation reported.

President Trump faces reporters with many questions
Congressional leaders have emphasized that House and Senate investigations will continue irregardless of other investigations. Initially, the White House claimed that Trump was simply following the recommendation of Deputy Attorney General Rosenstein.

Trump says it's possible he could pick Federal Bureau of Investigation head by next week
CNN said Comey is "not anxious about any tapes" Trump may have, citing an unnamed source familiar with the matter. Later, Spicer was asked by another reporter if Trump had a tape of his conversation with Comey in late January.

Koeman not confident Barkley will sign new deal
I don't imagine he will get the games he needs". 'I think we have the same picture and that is to improve the squad'. RK: "We want to finish strong".