Foot Locker, Inc. (NYSE:FL) Experiences Heavy Trading Volume

Chelsea West
August 19, 2017

Caisse De Depot Et Placement Du Quebec, a Quebec - Canada-based fund reported 34,700 shares. Metropolitan Life Ins New York invested in 0.01% or 35,300 shares. The Massachusetts-based Monarch Prns Asset Mgmt Ltd Liability Co has invested 0.36% in ADTRAN, Inc. Lazard Asset Mngmt Lc accumulated 387,281 shares. Creative Planning has invested 0% of its portfolio in ADTRAN, Inc. Smith & Howard Wealth Management Llc owns 91,856 shares or 5.09% of their U.S. portfolio. Another trade for 5,600 shares valued at $332,640 was made by GILBERT JAROBIN JR on Wednesday, May 24. Eqis Inc holds 12,798 shares or 0.02% of its portfolio. The current consensus recommendation provided by covering analysts is 2.80. Thirteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock.

On August 18 the company was set at "Neutral" by JP Morgan a cut from the previous "Overweight" rating. (NYSE:FL) has "Buy" rating given on Thursday, October 8 by Argus Research. The YTD performance of the stock stands at -33.52 Percent. The firm has "Buy" rating by Bank of America given on Friday, January 8. The stock of ADTRAN, Inc. (NYSE: GCO) down 9 percent. Northland Capital maintained ADTRAN, Inc. The firm has "Buy" rating by B. Riley & Co given on Monday, August 22. (NYSE:FL) on Wednesday, June 21 with "Buy" rating. Excluding a one-time pretax litigation charge, earnings were 62 cents per share, far below the 90 cents analysts expected.

On the heels of dismal earnings from Dick's Sporting Goods Inc (NYSE:DKS) earlier in the week, the sector is catching heat from another batch of lackluster quarterly results - prompting John Zolidis of Quo Vadis Capital to warn clients that "Athleisure is over". Foot Locker has increased its dividend for 6 consecutive years. (NASDAQ:ADTN) news were published by: Nasdaq.com which released: "ADTRAN, Inc". After a recent check, Foot Locker, Inc.'s 14-day RSI is presently at 46.14. The ex-dividend date of this dividend is Thursday, October 12th. More interesting news about Foot Locker, Inc. The 1-year low was reported on Aug, 18 by Barchart.com. Blackrock Japan Commerce Limited reported 0.04% in Foot Locker, Inc.

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Foot Locker FL, -27.92% shares plummeted 28% in Friday trading after the company reported a 6% second-quarter same-store sales decline, and a 4.4% year-over-year decrease in sales, to $1.78 billion.

TRADEMARK VIOLATION WARNING: This piece was reported by Stock Observer and is the property of of Stock Observer. This represents a $1.24 annualized dividend and a dividend yield of 3.61%. 25,000 shares were sold by PETERS LAUREN B, worth $1.94M. MCKENNA MATTHEW M sold $379,586 worth of stock. Participants' arguments revolved around that fact that Foot Locker did not fully describe or disclose a period of "wear-away" that could result for some participants during the transition from a traditional defined benefit to a cash balance approach, "a phenomenon which effectively amounted to an undisclosed freeze in pension benefits". Trexquant Investment L P holds 0.04% or 3,200 shares in its portfolio. It also increased its holding in H And E Equipment Services I (NASDAQ:HEES) by 146,214 shares in the quarter, for a total of 434,291 shares, and has risen its stake in Collegium Pharma.

A number of hedge funds and other institutional investors have recently modified their holdings of FL. YorkBridge Wealth Partners LLC raised its position in shares of Foot Locker by 18.6% in the first quarter. (NYSE:FL) on Monday, August 22 with "Outperform" rating. Therefore 68% are positive. Additionally the company recently announced a dividend paid on Friday July 28th, 2017. The rating was downgraded by OTR GLobal to "Mixed" on Friday, August 12. UBS maintained the stock with "Buy" rating in Monday, August 24 report. Daiwa Secs Group reported 14,900 shares. The rating was maintained by Canaccord Genuity on Thursday, July 20 with "Buy".

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