Foot Locker invests $100 million in online sneaker seller GOAT

  • Foot Locker invests $100 million in online sneaker seller GOAT

Foot Locker invests $100 million in online sneaker seller GOAT

After the giving short look at one day return of Foot Locker it is observed that FL reported gain return of 0.00% in last trading session. CX Institutional now owns 28,267 shares of the athletic footwear retailer's stock worth $1,441,000 after buying an additional 1,195 shares during the last quarter. Gateway Investment Advisers LLC owned about 0.11% of Foot Locker worth $6,555,000 as of its most recent filing with the Securities and Exchange Commission. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Foot Locker by 4.3% in the fourth quarter. The firm now has $62.00 price target on the athletic footwear retailer's stock. The rating was upgraded by Robert W. Baird to "Outperform" on Wednesday, January 9. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,899 shares of the athletic footwear retailer's stock worth $420,000 after purchasing an additional 323 shares during the last quarter. Investors holded 104.99 million in 2018Q2 but now own 104.14 million shares or 0.81% less. The insider MCKENNA MATTHEW M sold 7,000 shs worth $355,670. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Following the completion of the transaction, the vice president now owns 25,581 shares in the company, valued at $1,355,793. The shares were sold at an average price of $52.00, for a total value of $106,132.00. It is a positive indicator for investor portfolio value - when the price of a stock Investor owns goes up in value. The disclosure for this sale can be found here.

When we see the company's Volatility, it now has a monthly volatility of 2.56% and weekly volatility of 2.20%.

A number of analysts have issued reports on the stock. Canaccord Genuity set a $64.00 target price on Foot Locker and gave the stock a "buy" rating in a report on Wednesday, November 21st. Zacks Investment Research lowered shares of Foot Locker from a "buy" rating to a "hold" rating in a research note on Tuesday, December 18th. At the same time it raised $60 million. Finally, Morgan Stanley set a $44.00 price objective on Foot Locker and gave the company a sell rating in a research note on Wednesday, November 21st. On the other hand, 1 analyst had recommended selling the stock.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Tuesday, November 20th.

FL stock traded down $0.08 during trading on Friday, reaching $56.49. Foot Locker has a 12 month low of $38.17 and a 12 month high of $59.40. The company has a quick ratio of 1.54, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. (NYSE:FL). Daiwa Securities Gp holds 0% of its portfolio in Foot Locker, Inc. The athletic footwear retailer reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.92 by $0.03. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.86 billion.

Now we move forward to see the historical returns of Foot Locker which is United States of America based stock. Meeder Asset Management Inc. raised its holdings in Foot Locker by 5.8% in the 4th quarter. During the same quarter in the prior year, the business posted $0.87 EPS.

Foot Locker is yet another store falling victim to the retail apocalypse, closing 110 stores previous year and 147 in 2017. Shareholders of record on Friday, January 18th were issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Thursday, January 17th. Foot Locker's payout ratio is 33.58%. Foot Locker is a part of Consumer Goods sector and belongs to Textile - Apparel Footwear & Accessories industry. (NYSE:FL). Gateway Invest Advisers Ltd Liability Corporation reported 0.05% stake.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Fairfield Current and is the property of of Fairfield Current. The original version of this news story can be accessed at https://pressoracle.com/news/2019/02/08/investors-buy-large-volume-of-call-options-on-foot-locker-fl.html. The firm operates in two divisions, Athletic Stores and Direct-to-Customers.19.89 is the P/E ratio.

American athletic footwear and apparel retailer Foot Locker has announced a strategic minority investment in Goat Group, the company managing sneaker marketplaces Goat and Fight Club.