Foot Locker (FL) is Reiterated by Telsey Advisory Group to Outperform, Lowers Price Target to $ 72

Foot Locker (FL) was Reiterated by Telsey Advisory Group to “Outperform” while Lowering the Price Target of the company shares to $ 72 from a previous price target of $78 . Telsey Advisory Group advised their investors in a research report released on May 23, 2016.

Many Wall Street Analysts have commented on Foot Locker. Foot Locker was Upgraded by Piper Jaffray to ” Overweight” on Apr 13, 2016.

On the company’s financial health, Foot Locker reported $1.39 EPS for the quarter, based on the information available during the earnings call on May 20, 2016. Analyst had a consensus estimate of $1.39. The company had revenue of $1987.00 million for the quarter, compared to analysts expectations of $1998.45 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

Foot Locker closed down -3.78 points or -6.46% at $54.77 with 1,25,11,046 shares getting traded on Friday. Post opening the session at $55.4, the shares hit an intraday low of $53.83 and an intraday high of $56.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Apr 12, 2016, Matthew M Mckenna (director) sold 10,628 shares at $62.35 per share price. According to the SEC, on Apr 6, 2016, Giovanna Cipriano (SVP & Chief Accounting Officer) sold 22,000 shares at $62.21 per share price. On Mar 30, 2016, Jarobin Jr Gilbert (director) sold 5,000 shares at $65.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Foot Locker Inc. is a retailer of shoes and apparel. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker Lady Foot Locker Kids Foot Locker Champs Sports Footaction and SIX:02 as well as the retail stores of Runners Point Group including Runners Point and Sidestep. The Direct-to-Customers segment includes Inc. and other affiliates including Eastbay Inc. and the direct-to-customer subsidiary of Runners Point Group which sell to customers through their Internet and mobile sites and catalogs. As of January 31 2015 the Company operated 3423 primarily mall-based stores in the United States Canada Europe Australia and New Zealand. As of January 31 2015 the Company operated a total of 78 franchised stores of which 31 are in the Middle East 27 in Germany and Switzerland and 20 in the Republic of Korea.

Foot Locker

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