Foot Locker, Inc. (FL) maintained activity of 4.02 million shares that trade hands on average basis while its relative volume is 1.41. The stock presently has a consensus rating of "Buy" and an average target price of $72.17. MCKENNA MATTHEW M sold $379,586 worth of Foot Locker, Inc. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.74 average brokerage recommendation. Raymond James Trust N.A. boosted its position in shares of Foot Locker by 34.3% in the first quarter.
In this June 21 photo, the Foot Locker logo appears above a trading post on the floor of the New York Stock Exchange. Currently, The Gap, Inc.net profit margin for the 12 months is at 4.46%. Penserra Capital Management LLC increased its position in shares of Foot Locker by 13.0% in the second quarter.
If you take a look at the chart for FL, you'll notice that this stock was already in a massive downtrend heading into the quarter, with shares falling off their April high of $77.36 to just under $45. Foot Locker also forecast continued sales declines over the rest of 2017, with Chief Executive Officer Dick Johnson citing sluggish demand for top brands, including Nike Inc.'s Jordan and Adidas AG's Stan Smith.
A number of research firms have recently weighed in on FL. BidaskClub lowered Foot Locker from a "sell" rating to a "strong sell" rating in a research report on Tuesday, July 25th. (NYSE:FL)'s stock about -37.59% from the 50-day high and -21.84% away from the 50-day low.
Large investors have recently made changes to their positions in the company.
This table compares Tilly's and Foot Locker's top-line revenue, earnings per share and valuation. JP Morgan cut their rating for the $4.60 billion market cap company to a "Neutral" from their previous "Overweight" rating. 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. Investors of record on Friday, October 13th will be paid a $0.31 dividend. The yield on the 10-year Treasury note fell to 2.18%, from 2.19%.
But that's an oversimplified way of looking at things, and Foot Locker's struggles don't actually say all that much (at least concretely) about Nike's operations.
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However, the recent selloff has put NKE stock nearly back to where it traded before Nike's stellar Q4 numbers hit the tape. Canaccord Genuity maintained the shares of FL in report on Monday, May 23 with "Buy" rating. Share performance for the month is now at 0.89%. Deutsche Bank initiated the stock with "Buy" rating in Thursday, September 17 report. Out of 3 Wall Street analysts rating Fiserv, 2 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold".
Tilly's now has a consensus price target of $10.83, suggesting a potential upside of 11.91%.
Foot Locker shares have dropped 33 percent since the beginning of the year. Following the sale, the director now owns 8,964 shares in the company, valued at $532,461.60.
Shares of athletic shoes and apparel player Foot Locker Inc. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers.