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Foot Locker Stock Plunges on Sales Miss Amid Retail Headwinds


Valuation Ratios of Foot Locker, Inc. Foot Locker has an average rating of "Buy" and an average price target of $80.91.

Johnson said the firm's sales during the current quarter are also "trending a bit lower than we had planned over the last few weeks". The shares were sold at an average price of $77.51, for a total value of $1,937,750.00.

Foot Locker plunged 15 per cent after its profits fell short of analysts' forecasts. Ltd. boosted its position in Foot Locker by 2.7% in the third quarter. Other than statements of historical facts, all statements which address activities, events, or developments that the Company anticipates will or may occur in the future, including, but not limited to, such things as future capital expenditures, expansion, strategic plans, financial objectives, dividend payments, stock repurchases, growth of the Company's business and operations, including future cash flows, revenues, and earnings, and other such matters, are forward-looking statements.

04/21/2017 - Foot Locker, Inc. had its "market perform" rating reiterated by analysts at Cowen. The firm has a 50 day moving average of $74.49 and a 200 day moving average of $72.82. Jefferies Group LLC restated a "buy" rating and set a $88.00 price objective on shares of Foot Locker in a report on Friday, April 21st.

Shares of sneaker maven Foot Locker, Inc. The result was also at the low end of its own guidance range of $1.36 to $1.39.

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Ahead of the bell this Friday - strangely, almost, devoid of any table-resetting headlines related to economic data or tweets from President Trump as he boards Air Force One for the Middle East today - we get to look a little more closely at two retail companies that have reported earnings this morning.

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

04/20/2017 - Foot Locker, Inc. was upgraded to "buy" by analysts at Buckingham Research. 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 in the last quarter.

COPYRIGHT VIOLATION NOTICE: "State Treasurer State of Michigan Cuts Position in Foot Locker, Inc". The disclosure for this sale can be found here. 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. Insiders have sold 35,000 shares of company stock valued at $2,686,090 in the last three months. As of April 29, 2017, the company operated 3,354 stores in 23 countries in North America, Europe, Australia, and New Zealand.

On the positive side, Champs Sports and Foot Locker Canada each delivered mid-single-digit comp increases, driven by gains in both footwear and apparel, Peters noted.

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