Suntrust Banks Inc. Boosts Position in Foot Locker, Inc. (FL)

Suntrust Banks Inc. Boosts Position in Foot Locker, Inc. (FL)

Suntrust Banks Inc. Boosts Position in Foot Locker, Inc. (FL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Foot Locker by 0.4% in the fourth quarter. Nordea Investment Management AB now owns 2,956,033 shares of the textile maker's stock worth $200,183,000 after buying an additional 84,619 shares during the period. Canaccord Genuity maintained Foot Locker, Inc. (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. "For the rest of the quarters, Foot Locker reiterated double-digit growth in earnings per share and a mid-single digit percentage increase in comps". Foot Locker, Inc. (NYSE:FL) has a Return on Assets of 17.60%, which is key indicator of how profitable a company is relative to its total assets. The firm has a 50-day moving average price of $74.63 and a 200 day moving average price of $72.83. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 14.43 and a beta of 0.57.

Net income for the company's first quarter ended April 29, 2017 was $180 million, or $1.36 per share, compared with net income of $191 million, or $1.39 per share in the year-ago period. The textile maker reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by $0.02. 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). The FactSet consensus was for EPS of $1.38 and sales of $2.02 billion. The firm earned "Neutral" rating on Friday, February 5 by Credit Suisse. On average, analysts predict that Foot Locker, Inc. will post $5.31 EPS for the current fiscal year.

During the quarter, the company repurchased 546,000 shares worth $38 million and paid a quarterly dividend of 31 cents a share. Foot Locker's dividend payout ratio is presently 23.71%. The ex-dividend date of this dividend is Wednesday, July 12th.

Ratings analysis reveals 74% of Foot Locker Inc.'s analysts are positive. See Foot Locker, Inc. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & global copyright & trademark legislation. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/05/18/ferguson-wellman-capital-management-inc-lowers-stake-in-foot-locker-inc-fl-updated-updated.html. 117.40 million shares or 2.30% less from 120.17 million shares in 2016Q3 were reported. Zacks Investment Research cut Foot Locker from a "hold" rating to a "sell" rating in a research report on Wednesday, February 15th.

A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. Deutsche Bank AG reduced their price objective on Foot Locker from $90.00 to $89.00 and set a "buy" rating for the company in a research report on Friday, March 24th. Given exceptional earnings beat trends in the past, the analysts anticipate both Foot Locker and Deere to outperform their top and bottom lines forecasts this season. (NASDAQ:CREE), 3 have Buy rating, 1 Sell and 10 Hold.

Foot Locker noted that Q1 comparable store sales rose 0.5% in the latest period, with March and April comps jumping to the high-single digits, indicating increasing momentum into the spring months. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Foot Locker CFO Lauren Peters says that the company is working aggressively to implement opportunities that will lower its expenses.

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. The disclosure for this sale can be found here. Following the transaction, the senior vice president now owns 36,641 shares in the company, valued at $2,729,754.50.

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