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

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -42.32%, and has a solid year to date (YTD) performance of -55.99% which means that the stock is constantly adding to its value from the previous fiscal year end price. (NYSE:FL) to report earnings on November, 17 before the open. Morgan Stanley reissued an "overweight" rating and issued a $50.00 price objective (down previously from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. It dropped, as 100 investors sold Foot Locker, Inc. shares while 161 reduced holdings.

In addition to Canaccord reporting its stock price target, a total of 23 brokerages have issued a ratings update on the company. $60.80's average target is 94.87% above currents $31.2 stock price.

Foot Locker (FL) traded up $0.65 on Monday, reaching $31.85. The stock has a market capitalization of $3,930.00, a P/E ratio of 6.70, a PEG ratio of 2.09 and a beta of 0.66.

Foot Locker, Inc. (NYSE:FL) gross margin percentage stands at 32.9% while its operating margin for the past trailing twelve month is 11 percent and its overall profit margin (ttm) is 7.5 Percent. 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 key metrics fell across the board in the latest quarter but the declines were less than Wall Street anticipated, sending the retailer's shares up more than 26% in trading Friday. Shareholders of record on Friday, January 19th will be paid a $0.31 dividend.

"Despite the highly promotional environment we still see in the marketplace, the availability of premium product is gradually improving compared to the first half of the year, and we believe we can achieve, and perhaps modestly exceed, the top- and bottom-line guidance we gave for the fourth quarter back in August", said CEO and Chairman Richard Johnson.

Gross margins also declined in the period, to 31.0% percent of sales from 33.9% a year ago. Earnings estimates had come down dramatically, with third-quarter estimates falling from $1.20 to 80 cents per share over the past 3 months.

COPYRIGHT VIOLATION WARNING: "Foot Locker, Inc". If you are viewing this story on another site, it was copied illegally and reposted in violation of USA and worldwide trademark & copyright laws. Foot Locker, Inc. (NYSE:FL) has risen 0.29% since November 16, 2016 and is uptrending. The Sei Investments Company holds 76,368 shares with $8.98M value, up from 54,301 last quarter. Finally, Exane Derivatives lifted its stake in Foot Locker by 110,475.0% during the third quarter.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Finally, Vident Investment Advisory LLC raised its position in shares of Foot Locker by 95.6% in the third quarter.

The stock had fallen more than 55% before Friday's earnings report as new athletic footwear styles failed to excite shoppers amid competition from the online segment led by Amazon. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer's stock valued at $156,000 after purchasing an additional 4,419 shares during the last quarter.

Foot Locker, a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. As part of Foot Locker's over-arching strategy to offer differentiated brand experiences and products, the two companies are again joining forces to offer industry-leading experiences to consumers through innovative in-store and pop-up opportunities.