Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Foot Locker    FL

FOOT LOCKER (FL)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

FL Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Foot Locker, Inc. Investors

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/25/2018 | 02:15am CEST

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Foot Locker, Inc. (“Foot Locker” or the “Company”) (NYSE: FL) securities between August 19, 2016 and August 17, 2017, inclusive (the “Class Period”). Foot Locker investors have May 8, 2018 to file a lead plaintiff motion.

Investors suffering losses on their Foot Locker investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].

On August 18, 2017, Foot Locker announced poor second quarter 2017 financial results, including a 6% decline in quarterly same-store sales year-over-year. In addition, Foot Locker disclosed that it would close approximately 130 stores, which was up from 100 it had previously stated it would close. Finally, on its Q2 2017 conference call with investors and analysts, Foot Locker revealed that it expected weaker sales for the remainder of fiscal year 2017.

On this news, shares of Foot Locker fell nearly 28%, to close at $34.38 on August 18, 2017, thereby injuring investors.

The Complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Foot Locker’s vendors were transitioning to selling through various online retailers, diminishing the utility of Foot Locker’s large number of brick and mortar stores and the once-high value of its exclusivity relationships with those vendors; (ii) competition with online retailers had increased the pricing competition Foot Locker faced while concomitantly lowering demand at its stores; and (iii) as a result, Defendants’ statements about Foot Locker’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased shares of Foot Locker, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© Business Wire 2018
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FOOT LOCKER
02:15aFL Law Offices of Howard G. Smith Announces the Filing of a Securities Class ..
BU
04/24FOOT LOCKER : SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing..
AC
04/24FOOT LOCKER : Levi & Korsinsky, LLP Reminds Shareholders of Foot Locker, Inc. of..
AC
04/24FOOT LOCKER : Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Acti..
AC
04/24FOOT LOCKER : FINAL DEADLINE ALERT: The Schall Law Firm Announces the Filing of ..
AC
04/23GLANCY PRONGAY & MURRAY LLP : Continues Investigation on Behalf of Foot Locker, ..
BU
04/20FOOT LOCKER : Levi & Korsinsky, LLP Reminds Shareholders of Foot Locker, Inc. of..
AC
04/20FOOT LOCKER : FL Important May 8, 2018 Lead Plaintiff Deadline in Class Action -..
AC
04/19FOOT LOCKER : Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Acti..
AC
04/19FOOT LOCKER, INC. (NYSE : FL) Files An 8-K Departure of Directors or Certain Off..
AQ
More news
News from SeekingAlpha
04/20Margins a concern in the footwear sector 
04/19After Hours Gainers / Losers (04/19/2018) 
04/16Early Retirement Fund Income Update 
04/13UPCOMING DIVIDENDS : 12 Companies, 12 Increases, 6 Double-Digit Increases 
04/055 Low P/E Mid-Cap Companies 
STOCK PICK
Fire Sale
Financials ($)
Sales 2019 7 706 M
EBIT 2019 720 M
Net income 2019 512 M
Finance 2019 972 M
Yield 2019 3,14%
P/E ratio 2019 9,44
P/E ratio 2020 8,86
EV / Sales 2019 0,52x
EV / Sales 2020 0,50x
Capitalization 4 995 M
Chart FOOT LOCKER
Duration : Period :
Foot Locker Technical Analysis Chart | FL | US3448491049 | 4-Traders
Technical analysis trends FOOT LOCKER
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 51,8 $
Spread / Average Target 24%
EPS Revisions
Managers
NameTitle
Richard A. Johnson Chairman, President & Chief Executive Officer
Lauren B. Peters Chief Financial Officer & Executive Vice President
Pawan Verma Chief Information & Customer Connectivity Officer
Jarobin Gilbert Independent Director
Cheryl Nido Turpin Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
FOOT LOCKER-12.80%4 995
INDITEX - INDUSTRIA DE DISEÑO TEXTIL-14.58%93 255
KERING9.67%66 498
FAST RETAILING CO LTD3.25%46 319
ROSS STORES-3.65%29 276
ZALANDO-1.01%13 161