Foot Locker stumbles in Q2 with big earnings miss

20 August, 2017, 03:14 | Author: Regina Lloyd
  • Foot Locker stumbles in Q2 with big earnings miss

These funds have also shifted positions in (FL). PETERS LAUREN B sold 25,000 shares worth $1.94 million. 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. Morgan Stanley reported 188,677 shares stake. 22,791 are held by Bremer Tru Association.

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.

Shares of Foot Locker have now traded down very close to its 2014 low of $34.49 a share, after it hit its intraday low of $34.55 a share.

At last check, FL was plunging lower by 26% to $35 a share on heavy volume. Moreover, First Citizens Bank has 0.04% invested in Foot Locker, Inc.

Foot Locker (fl) CEO Richard Johnson seems to be living in a bit of denial. (NYSE:FL). Principal Fincl Group Inc owns 255,740 shares for 0.02% of their portfolio. Meanwhile the German DAX dropped 0.31 percent, and the French CAC 40 slipped 0.64 percent while United Kingdom shares fell 0.86 percent.

Brief Synopsis On Foot Locker, Inc. (NYSE:FL). Suvretta Management Ltd Limited Liability Company holds 537,100 shares. (NYSE:FL). First Personal Finance Ser reported 0.01% of its portfolio in Foot Locker, Inc. 117.40 million shares or 2.30% less from 120.17 million shares in 2016Q3 were reported. The shoe and apparel retailer has now lost nearly half its value year-to-date. (NYSE:FL). Boston Ptnrs reported 0.01% of its portfolio in Foot Locker, Inc. (NYSE:FL). Boston Advsr Lc has 20,518 shares for 0.03% of their portfolio.




With Johnson's words hanging in the air, Nike shares fell 4.4 percent, to $54.95, Under Armour shares eased 3.9 percent, to $15.65, and Genesco dropped 8.6 percent, to $23.90. Susquehanna maintained Foot Locker, Inc. $152,340 worth of stock was sold by TURPIN CHERYL N on Thursday, March 2. Bullish investors should revisit this stock once it starts to stabilize and trend sideways for a bit, so you know the sellers are done. American Century Cos Inc has invested 0.02% in Foot Locker, Inc. BidaskClub raised Foot Locker from a strong sell rating to a sell rating in a report on Monday, July 31st. (NYSE:FL) shares with value of $332,640 were sold by GILBERT JAROBIN JR.

Lingohr & Partner Asset Management Gmbh decreased Foot Locke (FL) stake by 45.88% reported in 2016Q4 SEC filing. Excluding a one-time pretax litigation charge, earnings were 62 cents per share, far below the 90 cents analysts expected.

"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. About 27.69 million shares traded or 712.02% up from the average. "(FL), Gap Inc (GPS) and Applied ..." on August 18, 2017. It has underperformed by 16.41% the S&P500. Share performance for the month is now at -1.73%. Winton Group Ltd reduced its stake by selling 4,458 shares a decrease of 3.9% as of 06/30/2017.

More notable recent Foot Locker, Inc. (NYSE:FL) news were published by: Seekingalpha.com which released: "Stick With The Foot Locker Rally" on August 11, 2017, also Seekingalpha.com with their article: "Kicked To The Curb: Foot Locker Has +50% Upside" published on August 01, 2017, Thestreet.com published: "Foot Locker Chart Says Don't Hope for a Miracle" on August 18, 2017. Including today's unusual volume, Foot Locker, Inc.'s stock is performing at -51.50% on the year. Although short interest dropped almost 17.6% in the two most recent reporting periods, it still accounts for a lofty 18% of HIBB's available float. On Monday, January 18 the stock rating was upgraded by Drexel Hamilton to "Buy".

Among 28 analysts covering Foot Locker Inc.

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