Foot Locker sales miss weighs on sector's stocks

Susquehanna Bancshares Inc reissued a "positive" rating and set a $86.00 target price on shares of Foot Locker in a report on Friday, April 21st. 3,872,999 shares of the stock traded hands. Argus Research initiated Foot Locker, Inc.

These funds have also shifted positions in (FL). Todd Asset Management LLC raised its position in Foot Locker by 34.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer's stock worth $694,000 after buying an additional 61 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in Foot Locker by 7,355.2% in the first quarter. Raymond James Trust N.A. now owns 6,454 shares of the athletic footwear retailer's stock valued at $483,000 after buying an additional 1,650 shares in the last quarter.

Foot Locker said Friday that some of its top-selling sneaker styles, such as Nike's Air Jordan sneakers, didn't sell as well in the second quarter.

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. Wedge Capital Management L L P NC now owns 765,421 shares of the athletic footwear retailer's stock worth $57,261,000 after buying an additional 755,154 shares during the period.

Foot Locker, Inc. on 4/29/2017 reported its EPS as $0.94 with the analysts projecting the EPS of the stock as $0.9.

Sportsman's Warehouse Holdings Inc (NASDAQ: SPWH) shares shot up 30 percent to $4.51 after the company posted upbeat Q2 profit.

Foot Locker, Inc.'s P/E ratio is 9.79 and market capitalization is 6.26B.

FBR & Co restated their neutral rating on shares of Foot Locker, Inc.

Since March 1, 2017, it had 0 buys, and 4 insider sales for $2.80 million activity. Foot Locker CEO Dick Johnson noted that Adidas' Stan Smith brand had not been selling well either.

TRADEMARK VIOLATION WARNING: This piece was reported by Stock Observer and is the property of of Stock Observer. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of US and global copyright law. The correct version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/08/16/foot-locker-inc-nysefl-shares-sold-by-exxonmobil-investment-management-inc-tx-updated-updated-updated.html. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Excluding the charge, earnings were $0.62, far below analysts' estimates of earnings per share of 90 cents. The company delivered a growth rate of 19.34% over the past couple of years, which is revealing of their continued performance and value creation to current shareholders. Foot Locker Inc. had 79 analyst reports since July 21, 2015 according to SRatingsIntel.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter. The stock now has a consensus rating of "Buy" and an average price target of $70.77. In a transaction dated March 08, 2017, the shares were put up for sale at an average price of $77.51, raking in a sum of $1,937,750. It also upped Enersys (NYSE:ENS) stake by 8,100 shares and now owns 19,700 shares. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

However, Foot Locker's sales miss is concerning for the industry because retail challenges have now hit premium sneakers, a category that had been somewhat immune to issues in the sector.

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