Foot Locker (FL) Releases Earnings Results, Beats Expectations By $0.04 EPS

Foot Locker (FL) reported quarterly earnings results on Friday, Aug-19-2016. The company said it had a profit of $0.94 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.90. The company posted revenue of $1780.00 million in the period, compared to analysts expectations of $1762.64 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on Foot Locker. Susquehanna Initiated Foot Locker on Aug 12, 2016 to “Positive”, Price Target of the shares are set at $73.Shares were Reiterated by Telsey Advisory Group on May 23, 2016 to “Outperform” and Lowered the Price Target to $ 72 from a previous price target of $78 .Shares were Reiterated by Canaccord Genuity on May 23, 2016 to “Buy” and Lowered the Price Target to $ 75 from a previous price target of $81 .

Foot Locker closed down -0.49 points or -0.80% at $60.4 with 19,63,395 shares getting traded on Wednesday. Post opening the session at $60.5, the shares hit an intraday low of $60.2 and an intraday high of $60.815 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jul 11, 2016, Jarobin Jr Gilbert (director) sold 1,000 shares at $57.35 per share price. According to the SEC, on Apr 12, 2016, Matthew M Mckenna (director) sold 10,628 shares at $62.35 per share price. On Apr 6, 2016, Giovanna Cipriano (SVP & Chief Accounting Officer) sold 22,000 shares at $62.21 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

Leave a Reply

Foot Locker - Is it time to Sell?

Top Brokerage Firms are advising their investors on Foot Locker. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.