Stock Worth Watching: Foot Locker Inc Sentiment Worsening on Low Stock Potential

November 28, 2016 - By Dolores Ford   ·   0 Comments

Stock Worth Watching: Foot Locker Inc Sentiment Worsening on Low Stock Potential

Sentiment for Foot Locker Inc (NYSE:FL)

Foot Locker Inc (NYSE:FL) institutional sentiment increased to 0.89 in Q2 2016. Its up 0.10, from 0.79 in 2016Q1. The ratio increased, as 227 investment professionals opened new or increased equity positions, while 287 cut down and sold their holdings in Foot Locker Inc. The investment professionals in our partner’s database reported: 124.81 million shares, down from 139.79 million shares in 2016Q1. Also, the number of investment professionals holding Foot Locker Inc in their top 10 equity positions decreased from 8 to 2 for a decrease of 6. Sold All: 83 Reduced: 204 Increased: 160 New Position: 67.

Foot Locker, Inc. is a retailer of shoes and apparel. The company has a market cap of $9.82 billion. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. It has a 15.94 P/E ratio. The Company’s Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point Group, including Runners Point and Sidestep.

The stock closed at $73.93 during the last session. It is down 22.48% since April 25, 2016 and is uptrending. It has outperformed by 16.47% the S&P500.

Analysts await Foot Locker, Inc. (NYSE:FL) to report earnings on February, 24. They expect $1.31 earnings per share, up 12.93% or $0.15 from last year’s $1.16 per share. FL’s profit will be $174.01 million for 14.11 P/E if the $1.31 EPS becomes a reality. After $1.13 actual earnings per share reported by Foot Locker, Inc. for the previous quarter, Wall Street now forecasts 15.93% EPS growth.

According to Zacks Investment Research, “Foot Locker, Inc. is a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. The company operates in two business segments, the Global Athletic Group and the Northern Group. The Global Athletic Group operates the following retail stores: Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footlocker.com. The Northern Group consists of four apparel formats: Northern Reflections, Northern Traditions, Northern Getaway and Northern Elements.”

Rr Partners Lp holds 7.92% of its portfolio in Foot Locker, Inc. for 3.33 million shares. Buckingham Capital Management Inc owns 492,910 shares or 3.28% of their US portfolio. Moreover, Horizon Investment Services Llc has 2.32% invested in the company for 83,722 shares. The California-based Quantum Capital Management has invested 2.16% in the stock. Tyvor Capital Llc, a Illinois-based fund reported 122,036 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 6 sales for $8.73 million net activity.

Foot Locker, Inc. (NYSE:FL) Ratings Coverage

Ratings analysis reveals 65% of Foot Locker Inc.’s analysts are positive. Out of 23 Wall Street analysts rating Foot Locker Inc., 15 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $27 while the high is $88. The stock’s average target of $76.33 is 3.25% above today’s ($73.93) share price. FL was included in 51 notes of analysts from July 21, 2015. The firm earned “Outperform” rating on Thursday, November 19 by Wells Fargo. The firm has “Positive” rating by Susquehanna given on Monday, August 22. The company was maintained on Monday, November 23 by Brean Capital. The firm has “Neutral” rating given on Monday, August 24 by B. Riley & Co. B. Riley & Co upgraded Foot Locker, Inc. (NYSE:FL) on Friday, August 12 to “Buy” rating. Deutsche Bank maintained Foot Locker, Inc. (NYSE:FL) on Friday, August 28 with “Buy” rating. The rating was maintained by Telsey Advisory Group on Friday, August 21 with “Outperform”. The stock of Foot Locker, Inc. (NYSE:FL) earned “Buy” rating by UBS on Thursday, November 19. Deutsche Bank initiated Foot Locker, Inc. (NYSE:FL) on Thursday, September 17 with “Buy” rating. Guggenheim initiated Foot Locker, Inc. (NYSE:FL) on Friday, September 30 with “Neutral” rating.

FL Company Profile

Foot Locker, Inc., incorporated on April 7, 1989, is a retailer of shoes and apparel. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. The Firm operates over 3,383 mall stores in the United States, Canada, Europe, Australia and New Zealand. As of January 30, 2016, the Company operated over 64 franchised stores, of which 40 were operating in the Middle East, 16 in Germany, and 8 in the Republic of Korea. It also operates approximately 10 Runners Point and Sidestep franchise stores in Switzerland..

More notable recent Foot Locker, Inc. (NYSE:FL) news were published by: Prnewswire.com which released: “Foot Locker, Inc. Reports 2016 Third Quarter Results” on November 18, 2016, also Prnewswire.com with their article: “Foot Locker, Inc. Elects Ulice Payne And Kimberly K. Underhill As Directors” published on November 17, 2016, Prnewswire.com published: “Foot Locker, Inc. To Report Third Quarter Financial Results On Friday …” on November 03, 2016. More interesting news about Foot Locker, Inc. (NYSE:FL) were released by: Reuters.com and their article: “BRIEF-Foot Locker, Inc. reports 2016 third quarter results” published on November 18, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Footlocker Inc., 40.0% Follow-Through Indicator, 4 …” with publication date: November 18, 2016.

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By Dolores Ford


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