wnol.info July 21 2018

Foot Locker, Inc. Plans Quarterly Dividend of $0.31 (FL)

July 21 2018, 12:23 | Alonzo Simpson

Foot Locker, Inc. Plans Quarterly Dividend of $0.31 (FL)

Special Field Air Force-1 Mid “OBJ” launches at Sneakeasy on Nov. 22 2017

Analysts await Foot Locker, Inc. Morgan Stanley reissued an "overweight" rating and issued a $50.00 price objective (down from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. Afam Capital Inc. raised its position in shares of Foot Locker by 73.4% in the third quarter. Along with these its last twelve month performance is stands at -58.01% while moved -57.66% for the past six months according to Finviz reported data. Finally, Vident Investment Advisory LLC raised its position in shares of Foot Locker by 95.6% in the third quarter. 115.75 million shares or 1.84% less from 117.92 million shares in 2017Q1 were reported. Koch Industries Inc. purchased a new stake in Foot Locker in the second quarter valued at $720,000. Canada Pension Plan Investment Board now owns 1,819,210 shares of the athletic footwear retailer's stock valued at $89,651,000 after purchasing an additional 718,800 shares during the last quarter. Moreover, Smithbridge Asset Management Inc De has 2.93% invested in the company for 46,000 shares. If you are viewing this story on another site, it was copied illegally and reposted in violation of USA and worldwide trademark & copyright laws. BANK OF NEW YORK MELLON CORP also announced increased position in Foot Locker, Inc. Pennsylvania-based Sei Invests Co has invested 0.02% in Foot Locker, Inc. (FL) traded up $0.65 during mid-day trading on Friday, hitting $31.85.

Net income for the company's first nine months of the year decreased to $333 million, or $2.55 per share on a GAAP basis, compared to net income of $475 million, or $3.50 per share, for the corresponding period in 2016. Foot Locker, Inc. (NYSE:FL) shares have been recently spotted -59.73% away from the 52-week high, and 12.56% away from the 52-week low mark. Foot Locker, Inc.'s now has a PEG ratio of 10.94 where as its P/E ratio is 6.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 2.88.

Foot Locker's quest to regain momentum got a boost in the third quarter as the chain reported better than expected revenue and earnings. During the same period last year, the company earned $0.94 earnings per share. equities analysts expect that Foot Locker will post 3.94 EPS for the current fiscal year. Foot Locker Inc. had 103 analyst reports since July 21, 2015 according to SRatingsIntel.

"The company's results in the quarter were broadly in line with our expectations", said Richard Johnson, chairman and chief executive officer. -EPS Decline (Y-o-Y): -23.0% -Analysts Estimate: $0.80 -Revenue (Q3): $1.87 Bln vs. $1.89 Bln previous year.

The NIKE Kyrie 3 “Luck” launches today for $120 in limited quantities at the Washington Street House of Hoops in Boston and the House of Hoops Harlem Flagship

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Almost 3.89 million shares were traded by the close, lower than its average daily volume of 4.78 million shares. The ex-dividend date is Thursday, January 18th. Foot Locker has a payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. ValuEngine cut Foot Locker from a buy rating to a hold rating in a report on Friday, September 1st.

Among 7 analysts covering Pool Corporation (NASDAQ:POOL), 5 have Buy rating, 1 Sell and 1 Hold. The stock now has an average rating of "Hold" and a consensus price target of $58.80.

Foot Locker's quarter was a classic example of analysts and investors growing too sour on the name. There is a seismic shift in athletic retail right now from wholesale to direct (companies like Nike selling through their own channels, including their own stores).

Tennessee recruit: Butch Jones 'told me to find a place to go'
Associate head coach Brady Hoke , who coaches the defensive line, has been named as interim head coach and will finish the season. Missouri (5-5, 2-4) scored five Saturday night and the loss dropped Tennessee into a last-place tie with Vandy in the East.

Other news