Published: Sun, February 10, 2019
Economy | By

Foot Locker Invests $100 Million USD in GOAT

Foot Locker Invests $100 Million USD in GOAT

The firm now has $62.00 price target on the athletic footwear retailer's stock. Csat Investment Advisory Lp invested 0.02% of its portfolio in Foot Locker, Inc. Janus Henderson Group PLC grew its position in shares of Foot Locker by 236.3% during the second quarter. Raymond James & Associates grew its position in shares of Foot Locker by 15.8% during the second quarter. Raymond James & Associates now owns 45,097 shares of the athletic footwear retailer's stock worth $2,374,000 after buying an additional 6,147 shares during the last quarter. The ratio is positive due to Foot Locker, Inc. positioning: 50 sold and 128 reduced. Meeder Asset Management Inc. now owns 28,819 shares of the athletic footwear retailer's stock valued at $1,531,000 after buying an additional 1,570 shares during the period. Neuberger Berman Group LLC bought a new stake in shares of Foot Locker during the third quarter worth approximately $37,272,000. MCKENNA MATTHEW M sold $355,670 worth of stock.

The company is expected to report earnings of $1.38 a share for the next quarter. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. The disclosure for this sale can be found here. Insiders sold 16,082 shares of company stock worth $832,934 over the last ninety days.

NYSE:FL opened at $56.57 on Monday. Overall, 1.49 Million shares exchanged hands versus its average trading volume of 2.89 Million shares.

Analysts on average have given a price target of $59.24 to Foot Locker, Inc. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.55 and a beta of 0.77. 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). Boston Private Wealth Ltd Co stated it has 0.13% in Foot Locker, Inc. The athletic footwear retailer reported $0.95 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.92 by $0.03. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.86 billion. However it has a net margin of 4.20%. FL generated revenue of $2.08 Billion in the same quarter, one year ago. During the same quarter in the prior year, the company earned $0.87 earnings per share.

The investment is to help GOAT Group accelerate its global operations through expansion of its omnichannel experience and innovative technologies, Foot Locker said.


The company also recently disclosed a quarterly dividend, which was paid on Friday, February 1st. The stock's Dividend Yield stands at 2.44%. - Motley Fool" with publication date: "January 19, 2019. Twin Management invested 0.09% of its capital in Foot Locker, Inc.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Piper Jaffray Companies set a $51.00 price target on shares of Foot Locker and gave the stock a "hold" rating in a research note on Wednesday, November 21st. Finally, Polianta Ltd raised its stake in shares of Foot Locker by 14.7% during the third quarter. On Wednesday, November 21 the firm has "Buy" rating by Wells Fargo given. Finally, Pivotal Research reissued a "buy" rating and set a $64.00 price objective on shares of Foot Locker in a research report on Monday, November 19th. The company has an average rating of "Buy" and an average price target of $58.67.

ILLEGAL ACTIVITY NOTICE: "Foot Locker Target of Unusually Large Options Trading (FL)" was originally posted by PressOracle and is the property of of PressOracle. If you are viewing this news story on another domain, it was stolen and republished in violation of US and global copyright laws. The correct version of this piece of content can be read at https://www.modernreaders.com/news/2019/02/07/foot-locker-inc-fl-holdings-boosted-by-nisa-investment-advisors-llc.html. The firm operates in two divisions, Athletic Stores and Direct-to-Customers.19.89 is the P/E ratio.

Foot Locker Inc. announced that it is making a $100 million strategic minority investment through its subsidiary in 1661, Inc., d/b/a GOAT, a managed marketplace for authentic sneakers operating the GOAT and Flight Club brands.

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