Economy

Why Foot Locker, Inc. Shares Got Tripped Up Today

Why Foot Locker, Inc. Shares Got Tripped Up Today

A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between.

04/20/2017 - Foot Locker, Inc. was upgraded to "buy" by analysts at Buckingham Research.

Several other brokerages have also issued reports on FL. Wedbush reissued an "outperform" rating and issued a $80.00 price target on shares of Foot Locker in a research note on Tuesday, January 24th. Finally, Credit Suisse Group AG restated a "hold" rating and set a $77.00 price objective on shares of Foot Locker in a report on Wednesday, March 1st.

These are 4 Hold Ratings, 15 Buy Ratings, 1 Strong Buy Rating. Analysts, on average, seem bullish as they suggest FL is worth $12.5 more, giving a target price of $82.95/share. Foot Locker had a net margin of 8.26% and a return on equity of 24.22%.

TRADEMARK VIOLATION WARNING: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker, Inc. with MarketBeat.com's FREE daily email newsletter. (NYSE:FL) will be trading in the future. Yet shares of the company have fallen precipitously in today's pre-market, down 13.8% ahead of the bell. The stock has climbed 23 percent in the last 12 months.

The simple moving average is the most common method used to calculate the moving average of prices. Foot Locker reported first-quarter earnings of $180 million, or $1.36 a share, lower than the $1.38 predicted by analysts.

Revenues rose 0.7% from previous year to $2 billion, slightly missing analysts' view for $2.02 billion.

Shares of Foot Locker (NYSE:FL) opened at 70.45 on Friday. Similarly, the company's last 5 years high P/E ratio is 17.58 and low P/E is 13.41, whereas, the industry's and sector's high P/E for the past year is 115.24 and 32.37 respectively and low P/E ratio for the last 5 years is 27.08 for the industry and 14.76 for the Sector. The stock has a current PEG of 1.500. Institutional investors and hedge funds own 95.30% of the company's stock.

The company says it faced "unprecedented challenges" last quarter. Earnings are down 2.2% from a year ago, though sales are up 0.7%. DnB Asset Management AS boosted its position in Foot Locker by 16.8% in the third quarter. Over the last six months, Foot Locker, Inc.'s stock has been 1.38% and 25.44% for the year. Ltd. boosted its position in Foot Locker by 2.7% in the third quarter. World Asset Management Inc now owns 14,061 shares of the textile maker's stock valued at $952,000 after buying an additional 218 shares in the last quarter.

In other news, SVP Paulette Alviti sold 8,000 shares of the company's stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $74.50, for a total value of $596,000.00.