Buy Nike Inc (NKE) Stock While the Market Panics Over Foot Locker

19 August, 2017, 03:18 | Author: Lorena Waters
  • Source Shutterstock

Jefferies Group LLC reiterated a buy rating and set a $88.00 price objective on shares of Foot Locker in a report on Friday, April 21st.

Sales also fell 4.4 per cent to $1.7 billion (£1.31 billion), below analyst expectations of around $1.8 billion (£1.39 billion). The average revenue per share growth rate of Foot Locker, Inc. during the past 12 months was 8.5 percent. Finally, Deutsche Bank AG set a $72.00 price objective on Foot Locker and gave the stock a "buy" rating in a research report on Monday, July 17th. According to WSJ one month ago research, the Company remained on "Buy" beliefs from 13.

Foot Locker, Inc. (FL)'s ROE is 23.76%, while industry's is 10.86%.

At the end of June, Nike shares soared following a stellar fiscal fourth-quarter report that saw the company beat on both the top and bottom lines. The stock is trading $49.34 its 50-day moving average by 0.77%.

On the books, Foot Locker cash and cash equivalents totaled $1.04 billion at the end of the quarter, up from $945 million at the end of the same period previous year.

The market capitalization of Foot Locker, Inc.is at $6.16 Billion.

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Foot Locker, Inc. (NYSE:FL) is another stock that is grabbing investors attention these days. As of the latest earnings report the EPS was $4.87 and is expected to be $5.07 for the current year with 131,303,000 shares outstanding. Eight analysts surveyed by Zacks expected $1.81 billion. We will contrast the two businesses based on the strength of their analyst recommendations, earnings, institutional ownership, valuation, dividends, risk and profitabiliy. Banks are also down as bond yields continue to slide, and sporting goods companies continue to take sharp losses as investors did not like what they heard from Foot Locker and Hibbett Sports. "(FL)" was originally published by Markets Daily and is the property of of Markets Daily. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and global copyright and trademark law. Plante Moran Ltd holds 0% of its portfolio in Foot Locker, Inc.

On 5/15/2013 Foot Locker, Inc. announced a quarterly dividend of $0.20.

In the transaction dated March 02, 2017, the great number of shares disposed came courtesy the Director; Turpin Cheryl N disposed a total of 2,000 shares at an average price of $76.17, amounting to approximately $152,340.

The poor Foot Locker results also dragged down shares of Nike and Under Armour, among others. This is strictly focusing on price and technical - that means we focus on real-time stock price movement and then position it relative to the simple moving averages. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Charter Trust Co. boosted its position in shares of Foot Locker by 4.0% in the first quarter.

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During the second quarter, the company opened 24 new stores, remodeled or relocated 38 stores, and closed 19 stores. Russell Investments Group Ltd. raised its position in Foot Locker by 6.6% in the first quarter. Finally, Public Employees Retirement System of OH increased its position in Foot Locker by 19.0% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer's stock worth $694,000 after buying an additional 61 shares during the last quarter.

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