Markets Right Now: US stocks edge higher in early trading

Markets Right Now: US stocks edge higher in early trading

Foot Locker posted weaker-than-expected earnings and sales for its first quarter after high promotional activity and getting off to a slow start in February.

Net income in the quarter tumbled 38% to $22.2 million or 85 cents per diluted share from $35.9 million or $1.29 in the same quarter a year ago.

Foot Locker said it was hurt largely by a strong dollar and by delayed tax refunds that prevented US consumers from spending earlier in the year.

The company declined -0.58% and closed its last trading session at $70.86. Foot Locker has a 12-month low of $50.90 and a 12-month high of $79.43. It has by 0.00% the S&P500.

On 5/16/2017 announced a quarterly dividend of $0.31 1.75% with an ex dividend date of 7/12/2017 which will be payable on 7/14/2017. During the past three months the stock gain 1.13%, bringing six-month performance to -0.01%. Cree Inc now has $2.03 billion valuation. (NYSE:FL). Northern Tru Corporation holds 1.62 million shares or 0.04% of its portfolio. About 719,549 shares traded. The Nasdaq composite rose 38 points, or 0.6 percent, to 6,093. 1,317,494 shares of the stock were exchanged. Institutional investors and hedge funds own 95.30% of the company's stock.

Investors sentiment increased to 1.09 in 2016 Q4. Its down 0.05, from 0.89 in 2016Q3. Next Fin Gru invested in 5,308 shares. Sold All: 45 Reduced: 189 Increased: 174 New Position: 80. The funds in our partner's database now have: 117.40 million shares, down from 120.17 million shares in 2016Q3. Finally, Nordea Investment Management AB boosted its position in shares of Foot Locker by 2.9% in the third quarter. Foot Locker's dividend payout ratio (DPR) is presently 23.71%.

11/15/2016 - Foot Locker, Inc. had its "outperform" rating reiterated by analysts at Robert W. Baird. Central Bancshares accumulated 83 shares. Blackrock Grp Ltd accumulated 0% or 92,751 shares. Piper Jaffray Companies set a $76.00 price target on shares of Foot Locker and gave the company a "hold" rating in a research report on Monday, March 20th. Taken together, this has been another strong quarter for the equipment manufacturer, and shares are now up 6.8% in today's pre-market. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company was downgraded on Wednesday, August 17 by Northland Capital.

As of 11:34 a.m. EDT, the stock was down 15.2%. The rating was initiated by BB&T Capital with "Buy" on Friday, December 4. The rating was downgraded by JMP Securities to "Mkt Perform" on Thursday, February 9. And Foot Locker's ratio comes in at 12.35. (NYSE:FL) now have an ABR of 1.44, number of Recs in ABR is 18 while industry rank of the company by ABR is 232 of 265. (NYSE:FL) on Wednesday, March 8. (NYSE:FL) for 1.53M shares.

11/21/2016 - Foot Locker, Inc. had its "buy" rating reiterated by analysts at UBS. Therefore 74% are positive. FL was included in 58 notes of analysts from July 21, 2015. The firm earned "Neutral" rating on Friday, February 5 by Credit Suisse. They now have a United States dollars 87 price target on the stock.

Foot Locker, Inc is a retailer of shoes and apparel. (NYSE:FL) on Thursday, October 15 with "Buy" rating. Canaccord Genuity maintained the shares of FL in report on Tuesday, August 25 with "Buy" rating.

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