Foot Locker, Hibbett Sports Soar As Earnings Easily Clear Low Bars

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For the quarter ending Apr-18, 9 analysts have a mean sales target of 1,979.83 million whilst for the year ending Jan-17, 21 analysts have a mean target of 7,766.09 million. ValuEngine downgraded Foot Locker from a "buy" rating to a "hold" rating in a research note on Friday, September 1st. BidaskClub raised Foot Locker from a "strong sell" rating to a "sell" rating in a research report on Monday, July 31st. Jefferies Group LLC reissued a "buy" rating and issued a $80.00 price objective on shares of Foot Locker in a report on Thursday, August 3rd. Foot Locker, Inc. (FL) has made its way to a 12-month decline of -58.01%. The company has a current ratio of 5.63, a quick ratio of 2.88 and a debt-to-equity ratio of 0.04. 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. According to the most recent data, Foot Locker, Inc. has a 52-week high of $79.43 and a 52-week low of $28.42. (NYSE:FL) to report $0.80 EPS on November, 17 before the open.They anticipate $0.33 EPS change or 29.20% from last quarter's $1.13 EPS. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer's stock valued at $126,495,000 after purchasing an additional 870,899 shares during the last quarter. The company had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.80 billion. After $1.00 actual EPS reported by InterDigital, Inc. for the previous quarter, Wall Street now forecasts -27.00% negative EPS growth.

Foot Locker earned $102 million or 81 cents per share, down from the $157 million or $1.17 per share a year earlier. Stockholders of record on Friday, January 19th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.89%. Foot Locker's dividend payout ratio (DPR) is presently 28.64%.

Foot Locker shares surge the most in 40 years after earnings beat

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Several hedge funds have recently modified their holdings of the stock. Finally, Exane Derivatives lifted its stake in Foot Locker by 110,475.0% during the third quarter. The stock had a trading volume of 4,970,800 shares, compared to its average volume of 3,295,162. Assetmark Inc. lifted its position in shares of Foot Locker by 205.0% in the third quarter. Wholly-owned NIKE, Inc. subsidiary brands include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories. Highlander Capital Management LLC purchased a new stake in shares of Foot Locker in the third quarter worth $352,000.

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But analysts had predicted a 4.6% drop in comparable sales and $1.83 billion in total sales.

Several other institutional investors have also bought shares of the company.

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At the moment 21 analysts are watching Foot Locker, Inc. There is a seismic shift in athletic retail right now from wholesale to direct (companies like Nike selling through their own channels, including their own stores). The Firm is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

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