Will Foot Locker, Inc. (FL) Run Out of Steam Soon?

June 12, 2018 - By Marguerite Chambers

Foot Locker, Inc. (NYSE:FL) Logo

Investors sentiment decreased to 0.8 in 2018 Q1. Its down 0.09, from 0.89 in 2017Q4. It dived, as 52 investors sold Foot Locker, Inc. shares while 148 reduced holdings. 57 funds opened positions while 102 raised stakes. 103.82 million shares or 3.88% less from 108.01 million shares in 2017Q4 were reported.
Bnp Paribas Asset Sa accumulated 27,992 shares. Cap Investment Counsel reported 8,435 shares. Ontario Teachers Pension Plan Board accumulated 0.06% or 80,851 shares. Farmers & Merchants Invs holds 0% or 49 shares. Paragon Cap Mgmt Ltd has 0.12% invested in Foot Locker, Inc. (NYSE:FL) for 5,933 shares. Regentatlantic Cap Ltd Liability owns 5,575 shares for 0.02% of their portfolio. Quantbot Ltd Partnership has invested 0.05% in Foot Locker, Inc. (NYSE:FL). Sei Invs reported 35,673 shares or 0.01% of all its holdings. Price T Rowe Assoc Md reported 211,638 shares. The New Mexico-based New Mexico Educational Retirement Board has invested 0.02% in Foot Locker, Inc. (NYSE:FL). 139,950 are held by Lmr Prtn Llp. Great West Life Assurance Company Can invested in 410,794 shares or 0.05% of the stock. Meiji Yasuda Asset Communications Ltd, a Japan-based fund reported 4,555 shares. Livforsakringsbolaget Skandia Omsesidigt owns 64,537 shares for 0.06% of their portfolio. Gargoyle Investment Advisor Ltd Liability reported 7,028 shares.

Since January 9, 2018, it had 0 buys, and 6 sales for $4.63 million activity. 21,000 Foot Locker, Inc. (NYSE:FL) shares with value of $1.05 million were sold by Cipriano Giovanna. Shares for $471,647 were sold by Kimble Lewis Phillip on Monday, March 12. $499,339 worth of Foot Locker, Inc. (NYSE:FL) was sold by MCKENNA MATTHEW M. Shares for $1.30M were sold by PETERS LAUREN B on Friday, May 25. $1.25 million worth of Foot Locker, Inc. (NYSE:FL) shares were sold by Johnson Richard A.

The stock of Foot Locker, Inc. (NYSE:FL) hit a new 52-week high and has $61.45 target or 6.00 % above today’s $57.97 share price. The 8 months bullish chart indicates low risk for the $6.78B company. The 1-year high was reported on Jun, 12 by Barchart.com. If the $61.45 price target is reached, the company will be worth $406.62M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.07% or $0.04 during the last trading session, reaching $57.97. About 1.60M shares traded. Foot Locker, Inc. (NYSE:FL) has declined 6.57% since June 12, 2017 and is downtrending. It has underperformed by 19.14% the S&P500.

Analysts await Foot Locker, Inc. (NYSE:FL) to report earnings on August, 17. They expect $0.71 EPS, up 14.52 % or $0.09 from last year’s $0.62 per share. FL’s profit will be $83.00 million for 20.41 P/E if the $0.71 EPS becomes a reality. After $1.45 actual EPS reported by Foot Locker, Inc. for the previous quarter, Wall Street now forecasts -51.03 % negative EPS growth.

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

Among 17 analysts covering Foot Locker (NYSE:FL), 13 have Buy rating, 0 Sell and 4 Hold. Therefore 76% are positive. Foot Locker has $70.0 highest and $43.0 lowest target. $54.19’s average target is -6.52% below currents $57.97 stock price. Foot Locker had 32 analyst reports since December 15, 2017 according to SRatingsIntel. The stock of Foot Locker, Inc. (NYSE:FL) has “Buy” rating given on Sunday, January 7 by Canaccord Genuity. The stock of Foot Locker, Inc. (NYSE:FL) has “Buy” rating given on Wednesday, January 24 by Pivotal Research. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, May 29 report. Piper Jaffray maintained the stock with “Hold” rating in Sunday, February 25 report. The firm has “Buy” rating by Telsey Advisory given on Friday, January 19. The rating was upgraded by Buckingham Research to “Buy” on Friday, January 5. Wedbush maintained it with “Outperform” rating and $61 target in Tuesday, May 29 report. Cowen & Co maintained it with “Hold” rating and $54.0 target in Wednesday, January 31 report. Pivotal Research maintained the shares of FL in report on Monday, March 5 with “Buy” rating. The stock of Foot Locker, Inc. (NYSE:FL) has “Buy” rating given on Friday, May 4 by Susquehanna.

More notable recent Foot Locker, Inc. (NYSE:FL) news were published by: Seekingalpha.com which released: “Foot Locker Long Thesis, In A Nutshell” on May 31, 2018, also 247Wallst.com with their article: “Why Foot Locker Is Friday’s Big Earnings Winner” published on May 25, 2018, Seekingalpha.com published: “Foot Locker, Inc. (FL) CEO Dick Johnson on Q1 2018 Results – Earnings Call Transcript” on May 25, 2018. More interesting news about Foot Locker, Inc. (NYSE:FL) were released by: Benzinga.com and their article: “Nike’s Product Line Is Tipping In A Positive Direction, According To Foot Locker” published on June 11, 2018 as well as Seekingalpha.com‘s news article titled: “Foot Locker’s Turn Is Near” with publication date: May 27, 2018.

Foot Locker, Inc., through its subsidiaries, operates as an athletic shoes and apparel retailer. The company has market cap of $6.78 billion. The firm operates in two divisions, Athletic Stores and Direct-to-Customers. It has a 26.11 P/E ratio. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

Foot Locker, Inc. (NYSE:FL) Institutional Positions Chart

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