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Foot Locker, Inc. (NYSE:FL) showed P/E ratio of 10.09

Foot Locker, Inc. (NYSE:FL) has risen 0.29% since August 18, 2016 and is uptrending. (FL). These ratios are important while doing valuation of the company or the shares of the company. The firm now has a $58.00 target price on the athletic footwear retailer's stock, down from their previous target price of $66.00.

"We think this overhang, along with Nike, Under Armour and Adidas' plans to dramatically increase their own direct-to-consumer businesses, will prevent Foot Locker share from seeing a meaningful multiple expansion", the note said. Susquehanna Bancshares Inc reissued a "positive" rating and issued a $86.00 price target on shares of Foot Locker in a research report on Friday, April 21st. While the stock price moved along with the volume change, shares are touching $3.85. Barclays PLC reaffirmed an "overweight" rating and issued a $80.00 price objective on shares of Foot Locker in a research report on Thursday, June 22nd. On Thursday, July 6 the stock rating was initiated by Oppenheimer with "Hold". The company has a consensus rating of "Buy" and a consensus target price of $72.17. (NYSE:FL). Parkside Comml Bank Trust invested 0% of its portfolio in Foot Locker, Inc. Buckingham Capital Management Inc sold 87,746 shares as the company's stock declined 17.30% while stock markets rallied. The 50 day moving average was down by -27.41% and the 200 day average went down by -44.76%. (NYSE:FL) news were published by: Seekingalpha.com which released: "Foot Locker: On The Retail Clearance Rack" on August 15, 2017, also Barrons.com with their article: "Foot Locker: Freak Out Friday?" published on August 16, 2017, Investorplace.com published: "3 Stocks to Watch on Friday: Foot Locker, Inc".

Foot Locker earned 62 cents per share in the quarter on revenue of $1.70 billion. That's pretty much the proof you need that, at least recently, the athletic fashion trend is working in Nike's favor, not against it.

The US-based global sportswear chain raked a net income of $51 million (£39.5 million) in the quarter, compared with $127 million (£98.5 million) in the previous quarter and well below most analyst estimates.

In June, Nike said it would begin selling its shoes through Amazon.com, but it fell sharply with almost all sports-related stocks Friday. On average, equities analysts forecast that Foot Locker will post $5.07 EPS for the current fiscal year. Foot Locker Inc. had 79 analyst reports since July 21, 2015 according to SRatingsIntel. (FL) in the open market.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. Share performance for the month is now at 0.89%. The dividend was $0.310 per share for the quarter which is $1.24 annualized. The rating was maintained by UBS on Wednesday, July 22 with "Buy". Banks were down as bond yields continue to slide, and sporting goods companies continued to take sharp losses - investors did not like what they heard from Foot Locker and Hibbett Sports.

On 5/24/2017 Jarobin Gilbert Jr, Director, sold 5,600 with an average share price of $59.40 per share and the total transaction amounting to $332,640.00. Similarly, the company's SVP & CHRO Alviti Paulette on 2017-04-20 Sell 8000 shares of the company at a price of $74.5. Ahl Ptnrs Limited Liability Partnership owns 25,851 shares for 0.06% of their portfolio. The transaction was disclosed in a filing with the SEC, which is available through this link. As of quarter end Advisory Services Network, LLC had acquired 632 shares growing its position 13.1%. Even as unit sales declined last quarter, average selling prices rose, noted Chief Financial Officer Lauren Peters. Illinois-based Nuveen Asset Mgmt Lc has invested 0.08% in Foot Locker, Inc. Dynamic Technology Lab Private Ltd bought a new position in Foot Locker during the second quarter worth $599,000.

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