Foot Locker, Inc. (NASDAQ:FL) Expected To Report Earnings On Friday

Analyst Hurricanes Delayed Launches Set Foot Locker Up For A Weak Q3

Analyst Hurricanes Delayed Launches Set Foot Locker Up For A Weak Q3

It dropped, as 100 investors sold Foot Locker, Inc. shares while 161 reduced holdings. The Company, through its subsidiaries, owns and operates Dover International Speedway in Dover, Delaware, and Nashville Superspeedway near Nashville, Tennessee. Barclays Capital maintained the shares of IDCC in report on Friday, September 9 with "Equal Weight" rating.

As CNBC reports, "Fears that e-commerce giant may seek to expand into apparel have made it a tough year for Foot Locker shares". 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). 64 funds opened positions while 162 raised stakes.

Dave will look at Foot Locker's past earnings, take a look at what is now going on with the company, and give us his thoughts on their upcoming earnings announcement.

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Foot Locker, Inc. (NYSE:FL) reported its EPS in the last quarter as $0.62/Share lagging the analyst estimate of $0.9/Share by a difference of $-0.28. The biggest holder now is Matthew D. Serra who owns 758,585 shares (0.61% of those outstanding), whilst Kenneth (Ken) C. Hicks holds 565,805 (0.46% of shares outstanding) and Mr. Richard A. Johnson holds 262,589 (0.21% of shares outstanding). Asset Mgmt One Co Ltd holds 0.03% or 265,313 shares.

Since May 24, 2017, it had 0 insider purchases, and 1 sale for $332,640 activity. Moreover, Pacad Invest Limited has 0.2% invested in Foot Locker, Inc. Analysts' estimates typically exclude special items. Caisse De Depot Et Placement Du Quebec holds 39,200 shares or 0% of its portfolio. 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. It has a 7.2 P/E ratio. It has underperformed by 16.41% the S&P500. The Firm is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

It stands to reason, then, that Foot Locker's relative strength could carry over to its peers and suppliers. (NYSE:FL). Tiaa Cref Mngmt Lc stated it has 0.02% in Foot Locker, Inc. Rdl Financial Incorporated invested 0.73% of its portfolio in Foot Locker, Inc. Kentucky Retirement Sys has 8,413 shares for 0.03% of their portfolio.

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Earnings came in at 87 cents, still down year-over-year but much better than expected. Atlanta Cap Management L L C, Georgia-based fund reported 357,636 shares. More interesting news about Foot Locker, Inc. American Int Grp Inc Inc owns 84,634 shares.

Steve Symington owns shares of Under Armour (C Shares). Bank of New York Mellon Corp boosted its position in shares of Foot Locker by 32.0% during the 3rd quarter. The stock has "Hold" rating by UBS on Monday, August 21. Out of 3 Wall Street analysts rating Interdigital Comm, 0 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". The rating was maintained by Susquehanna on Monday, August 22 with "Positive". The PEG ratio shows us that, when compare to the beer company, the always-popular tech company doesn't have the growth rate to justify its higher P/E, and its stock price appears overvalued.

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