Foot Locker Inc. (FL) Stock Price Down 2.1%
Shares of Foot Locker Inc. (NYSE:FL) fell 2.1% during trading on Thursday . The stock traded as low as $66.71 and last traded at $66.78, with a volume of 1,205,512 shares trading hands. The stock had previously closed at $68.22.
Several research firms recently commented on FL. B. Riley reissued a “neutrals” rating and set a $71.00 target price on shares of Foot Locker in a research note on Tuesday, May 17th. Zacks Investment Research lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd. Piper Jaffray Cos. restated a “buy” rating on shares of Foot Locker in a report on Wednesday, June 15th. Vetr upgraded shares of Foot Locker from a “buy” rating to a “strong-buy” rating and set a $68.03 price target on the stock in a report on Thursday, May 5th. Finally, Canaccord Genuity set a $75.00 price target on shares of Foot Locker and gave the company a “buy” rating in a report on Monday, August 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $73.40.
The company has a market capitalization of $9.07 billion and a PE ratio of 16.64. The firm’s 50 day moving average price is $60.24 and its 200 day moving average price is $60.30.
Foot Locker (NYSE:FL) last announced its earnings results on Friday, August 19th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.04. The business earned $1.78 billion during the quarter, compared to the consensus estimate of $1.76 billion. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS. On average, analysts predict that Foot Locker Inc. will post $4.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.64%.
In related news, Chairman Richard A. Johnson sold 50,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $68.04, for a total transaction of $3,402,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jarobin Gilbert, Jr. sold 1,000 shares of the company’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $57.36, for a total transaction of $57,360.00. Following the sale, the director now directly owns 12,876 shares of the company’s stock, valued at approximately $738,567.36. The disclosure for this sale can be found here.
Other large investors have recently bought and sold shares of the company. KBC Group NV boosted its stake in Foot Locker by 1.8% in the fourth quarter. KBC Group NV now owns 31,528 shares of the company’s stock valued at $2,053,000 after buying an additional 560 shares in the last quarter. US Bancorp DE boosted its stake in Foot Locker by 0.6% in the fourth quarter. US Bancorp DE now owns 369,831 shares of the company’s stock valued at $24,072,000 after buying an additional 2,067 shares in the last quarter. Schroder Investment Management Group boosted its stake in Foot Locker by 1,232.5% in the fourth quarter. Schroder Investment Management Group now owns 613,071 shares of the company’s stock valued at $39,905,000 after buying an additional 567,061 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Foot Locker by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 804,527 shares of the company’s stock valued at $52,366,000 after buying an additional 18,905 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Foot Locker by 4.7% in the fourth quarter. Ameriprise Financial Inc. now owns 1,325,990 shares of the company’s stock valued at $86,309,000 after buying an additional 59,529 shares in the last quarter.
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company’s Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point Group, including Runners Point and Sidestep.
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