Piper Jaffray Companies Trims Foot Locker, Inc. (FL) Target Price to $35.00

19 August, 2017, 03:14 | Author: Sam Montgomery
  • Foot Locker Plummets 20% As CEO Says Certain Sales Fell 'Well Short Of Our Expectations'

The bench trial took place in the United States District Court for the Southern District of NY, before Judge Katherine B. Forrest, and resulted in Foot Locker being ordered to reform its cash balance plan to calculate accrued benefits in a way participants argued they were entitled to. (NYSE:FL). At the time of writing, the First Call consensus price target for the company is $67.95. (NYSE:FL) on weakness during trading on Friday following a weaker than expected earnings announcement.

"In our view, the main issue is that Foot Locker was a little off-pitch in terms of the styles it showcased and did not have anywhere near enough stock of the key lines and items that consumers wanted", Saunders said. (NYSE:FL) on Friday, September 30 with "Neutral" rating. Intrust Bancorporation Na invested in 7,119 shares. Aperio Ltd owns 80,401 shares or 0.04% of their United States portfolio. Tcw Grp reported 10,000 shares stake. "Overweight" signal reported by 1 and "Underweight" rating was suggested by 0. (NYSE:FL) for 25,764 shares. Additionally Foot Locker, Inc. recently announced a dividend for shareholders which was paid on Friday the 28th of July 2017. (NYSE:FL) shares with value of $1.94 million were sold by PETERS LAUREN B. Winslow Evans Crocker reported 150 shares. In this case, shares are 5.7% higher from $44.59, the worst price in 52 weeks suffered on Jul. 24, 2017, but are collecting gains at -33.28% for the past six months. Alliancebernstein Limited Partnership reported 0.02% of its portfolio in Foot Locker, Inc.

GPS's revenue has grown at an average annualized rate of about 1.3% during the past five years. The consensus recommendation is the average rating on a stock by the analyst community. Real estate shares lost ground; the Vanguard REIT ETF (NYSEMKT: VNQ) fell 1%. Mountain Capital Investment Advisors Inc bought a new position in Foot Locker during the second quarter worth $254,000. Equities analysts anticipate that Foot Locker will post $5.07 earnings per share for the current fiscal year. (NYSE:FL) shares with value of $152,340 were sold by TURPIN CHERYL N. Therefore 68% are positive. Argus Research initiated Foot Locker, Inc. From the opening price, the stock has seen a change of -3.57% recently clocking in with a price of $35.10. Robeco Institutional Asset Bv stated it has 0.02% of its portfolio in Foot Locker, Inc. Finally, Deutsche Bank AG set a $72.00 price objective on Foot Locker and gave the stock a "buy" rating in a research report on Monday, July 17th. Public Employees Retirement System of OH now owns 74,156 shares of the athletic footwear retailer's stock worth $3,654,000 after buying an additional 11,826 shares in the last quarter. Barclays Capital maintained Foot Locker, Inc. (NYSE:FL) from Outperform to Market Perform in a report released on 08/18/2017. The rating was maintained by UBS on Monday, August 22 with "Buy".

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Friday afternoon, the utilities shares climbed by 0.82 percent. The stock is down 0.86% on the day. Victory Mngmt Inc accumulated 0% or 16,941 shares.

Pittenger & Anderson Inc holds 27.13% of its portfolio in Fiserv Inc for 2.40 million shares. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward. The Idaho-based Mountain Pacific Investment Advisers Inc Id has invested 4.89% in the stock. Daiwa Secs Group reported 14,900 shares.

Ratings analysis reveals 67% of Fiserv's analysts are positive.

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