Guggenheim Securities Initiates Coverage on Foot Locker to Neutral

Guggenheim Securities Initiates Coverage on Foot Locker(NYSE:FL). The shares have been rated Neutral. The rating by Guggenheim Securities was issued on Sep 30, 2016.

In a different note, On Aug 22, 2016, Jefferies said it Maintains its rating on Foot Locker. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 22, 2016, Susquehanna said it Maintains its rating on Foot Locker. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Positive’ by the firm. On Aug 22, 2016, Citigroup said it Maintains its rating on Foot Locker. In the research note, the firm Raises the price-target to $68.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 22, 2016, B. Riley said it Maintains its rating on Foot Locker. In the research note, the firm Raises the price-target to $75.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 22, 2016, UBS said it Maintains its rating on Foot Locker. In the research note, the firm Raises the price-target to $69.00 per share. The shares have been rated ‘Buy’ by the firm. Susquehanna said it Initiates Coverage on Foot Locker, according to a research note issued on Aug 12, 2016. The shares have been rated ‘Positive’ by the firm.

Foot Locker (FL) shares turned negative on Tuesdays trading session with the shares closing down -0.52 points or -0.77% at a volume of 12,03,150. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $67.77. The peak price level was also seen at $67.77 while the days lowest was $66.825. Finally the shares closed at $67. The 52-week high of the shares is $72.46 while the 52-week low is $50.9. According to the latest information available, the market cap of the company is $8,928 M.

Foot Locker has also declared a cash dividend of $0.2750 on Aug 17, 2016. The shares will quote ex-dividend on Oct 12, 2016 and the record date has been fixed on Oct 14, 2016. The dividend payable date has been fixed on Oct 28, 2016.

Foot Locker(FL) last announced its earnings results on Aug 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.78B. Analysts had an estimated revenue of $1.76B. Earnings per share were $0.94. Analysts had estimated an EPS of $0.91.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2016, Lewis Phillip Kimble (EVP & CEO International) sold 43,479 shares at $65.42 per share price.Also, On Aug 23, 2016, Lauren B Peters (EVP & Chief Financial Officer) sold 20,000 shares at $68.00 per share price.On Aug 23, 2016, Richard A Johnson (Chairman, President & CEO) sold 50,000 shares at $68.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Foot Locker Inc. is a retailer of shoes and apparel. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker Lady Foot Locker Kids Foot Locker Champs Sports Footaction and SIX:02 as well as the retail stores of Runners Point Group including Runners Point and Sidestep. The Direct-to-Customers segment includes Footlocker.com Inc. and other affiliates including Eastbay Inc. and the direct-to-customer subsidiary of Runners Point Group which sell to customers through their Internet and mobile sites and catalogs. As of January 31 2015 the Company operated 3423 primarily mall-based stores in the United States Canada Europe Australia and New Zealand. As of January 31 2015 the Company operated a total of 78 franchised stores of which 31 are in the Middle East 27 in Germany and Switzerland and 20 in the Republic of Korea.

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