Published: Sat, May 20, 2017
Money | By Armando Alvarado

Trader Alert: Unusual Volume Spotted in Foot Locker, Inc. (NYSE:FL)

Trader Alert: Unusual Volume Spotted in Foot Locker, Inc. (NYSE:FL)

Foot Locker's revenue was up 5.3% compared to the same quarter past year.

A number of other institutional investors have also recently made changes to their positions in the stock. Great West Life Assurance Co.

Foot Locker's revenues were up 0.5%, which is a lot better than what we have seen from most other retailers over the last weeks. Finally, Todd Asset Management LLC raised its position in shares of Foot Locker by 46.1% in the third quarter.

The company's cash flows and earnings have risen steadily over the last years, and yet the company's shares cratered after missing estimates just slightly. FMR LLC increased its stake in Foot Locker by 7.6% in the fourth quarter. The stock now has Weekly Volatility of 2.19% and Monthly Volatility of 1.69%.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Foot Locker, Inc. APG Asset Management N.V. now owns 2,024,142 shares of the textile maker's stock valued at $151,426,000 after buying an additional 144,385 shares during the period.

Recent Trading for Foot Locker, Inc. (NYSE:FL) stock went gone down with a prior 52-week high of $78.78.During the session shares traded on above-average volume.

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Foot Locker's valuation looks rather low compared to how the company was valued in the past (with a trailing PE ratio of 12.2 versus an average of 15-18), and Foot Locker looks especially cheap relative to the broad market, which is trading at twice Foot Locker's valuation. Baird Financial Group Inc. boosted its position in shares of Foot Locker by 0.6% in the fourth quarter. The firm's revenue for the quarter was up.7% compared to the same quarter previous year. (NYSE:FL) dropped -1.30% to hit $70.86. Declares Quarterly Dividend Of $0.31 Per Share" on May 16, 2017, also with their article: "Foot Locker, Inc. The Company spent $38 million to repurchase 546 thousand shares during the quarter and paid a quarterly dividend of $0.31 per share. Investors of record on Friday, July 14th will be issued a $0.31 dividend. If the company has a ratings score of 1, this would represent a Strong Buy. Foot Locker, Inc. (NYSE:FL)'s price to free cash flow for trailing twelve months is 23.36.

And - in the event all else fails - Foot Locker's chief said the firm is working on a "Plan B". "(FL)" was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States & worldwide copyright law. The correct version of this piece can be read at Argus Research initiated the stock with "Buy" rating in Thursday, October 8 report. Deutsche Bank AG reduced their price target on shares of Foot Locker from $90.00 to $89.00 and set a "buy" rating for the company in a research report on Friday, March 24th. Finally, B. Riley reissued a "buy" rating and issued a $79.00 price target on shares of Foot Locker in a research note on Tuesday, February 21st.

Foot Locker, Inc. announced its recent quarter financial results after the market close on 24/02/2017, crushing consensus estimates with both its revenue and earnings. (NASDAQ:CREE), 3 have Buy rating, 1 Sell and 10 Hold.

In related news, SVP Paulette Alviti sold 8,000 shares of Foot Locker stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $74.50, for a total transaction of $596,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. The disclosure for this sale can be found here.

Media stories about Foot Locker (NYSE:FL) have been trending somewhat positive on Saturday, according to Alpha One Sentiment. The Firm operates through two divisions: Athletic Stores and Direct-to-Customers. In addition, 62 franchised Foot Locker stores were operating in the Middle East and South Korea, as well as 15 franchised Runners Point stores in Germany.

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