After a -0.35% fall from previous close of US$68.49, Foot Locker, Inc. About 2.17 million shares traded hands. The stock has a market capitalization of $9.27 billion and a price-to-earnings ratio of 17.02. Foot Locker is trading 13.7% above its 20-day moving average, 19.1% above its 50-day moving average, and 11.6% above its 200-day moving average.
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In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for SunOpta, Inc.as 360.57 Million. The company’s cost of sales as a percentage of sales rose by 3.0% in fiscal 2Q16-compared to the same period past year. On average, equities research analysts predict that Foot Locker Inc. will post $4.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, October 12th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $67.00 price target on shares of Foot Locker in a research report on Tuesday, May 17th. Company shares were Reiterated by Telsey Advisory Group on Aug 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 78 from a previous price target of $72.Company shares were Reiterated by Susquehanna on Aug 22, 2016 to “Positive”, Firm has raised the Price Target to $ 80 from a previous price target of $73.Susquehanna Initiated Foot Locker on Aug 12, 2016 to “Positive”, Price Target of the shares are set at $73. BB&T Corp. reiterated a “buy” rating and set a $80.00 price target on shares of Foot Locker in a report on Monday, May 23rd.
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”.
Looking at recommendations, 12 analysts have rated the stock a Strong Buy, 0 have given it a Buy rating, 4 a Hold and 0 a Sell. The stock has a consensus rating of “Buy” and an average price target of $73.89.
Foot Locker, Inc. has 135,500,000 shares now held by shareholders which now trade around the 68.62 mark which totals Foot Locker, Inc.’s market capitalisation to 9.30B Dollars. The mentioned shares were sold on August 23, 2016 and the report that contains the source information, filed with the U.S. Security & Exchange Commission can be found here.
In other news, Director Jarobin Gilbert, Jr. sold 1,000 shares of Foot Locker stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $57.36, for a total transaction of $57,360.00.
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Several hedge funds recently modified their holdings of the stock. Jefferies maintained the shares of FL in a report on August 22 with “Buy” rating. Foot Locker makes up approx 1.44% of V Wealth Managementllc’s portfolio. Emerald Mutual Fund Advisers Trust raised its stake in shares of Foot Locker by 2.5% in the second quarter. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, growth in earnings per share and increase in net income.
