Foot Locker earnings fall short after weak start to February

Foot Locker earnings fall short after weak start to February

Baird Financial Group Inc. now owns 5,475 shares of the textile maker's stock valued at $388,000 after buying an additional 32 shares during the last quarter.

The company's cash flows and earnings have risen steadily over the last years, and yet the company's shares cratered after missing estimates just slightly. Finally, APG Asset Management N.V. increased its stake in Foot Locker by 7.7% in the first quarter. 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 during the last quarter.

Institutional investors own 95.30% of the company's stock.

Current levels places Foot Locker, Inc. (FL) on Friday reported fiscal first-quarter net income of $180 million.

And - in the event all else fails - Foot Locker's chief said the firm is working on a "Plan B". (NYSE:FL) shares are trading -26.092% away from the 52-week high mark of 79.430 and +15.334% off the 52-week bottom of 50.900. (NYSE:FL) now have an ABR of 1.44, number of Recs in ABR is 18 while industry rank of the company by ABR is 232 of 265. The firm has a 50 day moving average of $74.49 and a 200 day moving average of $72.82.

Shares of Foot Locker (NYSE:FL) opened at 58.72 on Friday. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.05. 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). Similarly, the company's last 5 years high P/E ratio is 17.58 and low P/E is 13.41, whereas, the industry's and sector's high P/E for the past year is 115.24 and 32.37 respectively and low P/E ratio for the last 5 years is 27.08 for the industry and 14.76 for the Sector.

Foot Locker, Inc. shares were mostly flat in premarket trading Friday. Shareholders of record on Friday, July 14th will be paid a $0.31 dividend. Foot Locker's dividend payout ratio (DPR) is presently 23.71%. The ABR rank is displayed in the range of 1 to 5 where 1 represents a Strong Buy and 5 a Strong Sell. The ex-dividend date of this dividend is Wednesday, July 12th.


Several research analysts have recently weighed in on FL shares. Revenue estimates were missed by 1%, earnings per share estimates were missed by a little less than 2% - not great, but this doesn't seem like an appropriate reason for a 15% share price cut.

08/22/2016 - Foot Locker, Inc. had its "buy" rating reiterated by analysts at B. Riley.

The company's consensus rating is now Strong Buy, with 14 analysts rating it a Strong Buy, and 4 analysts rating it with a Hold. The stock now has an average rating of Buy and an average price target of $80.91. The stock was sold at an average price of $74.50, for a total transaction of $596,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The Chicago Equity Partners Llc holds 112,270 shares with $2.96M value, up from 77,130 last quarter. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,000 shares of company stock worth $2,686,090. A replay of the call will be available via webcast from the same Investor Relations section of the Foot Locker, Inc. website at through June 2, 2017. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers.