Foot Locker Inc. (FL) Now Covered by Analysts at Guggenheim
Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. reiterated a focus list rating on shares of Foot Locker in a research note on Monday, September 26th. Susquehanna boosted their price target on shares of Foot Locker from $73.00 to $80.00 and gave the stock a positive rating in a research note on Monday, August 22nd. Jefferies Group boosted their price target on shares of Foot Locker from $73.00 to $80.00 and gave the stock a buy rating in a research note on Monday, August 22nd. B. Riley cut shares of Foot Locker from a buy rating to a neutral rating in a research note on Monday, August 22nd. Finally, FBR & Co reiterated a hold rating and issued a $71.00 price target on shares of Foot Locker in a research note on Tuesday, August 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $73.62.
Foot Locker (NYSE:FL) traded up 0.3655% during trading on Friday, hitting $67.9675. The stock had a trading volume of 188,251 shares. Foot Locker has a 1-year low of $50.90 and a 1-year high of $72.46. The stock’s 50-day moving average price is $65.79 and its 200-day moving average price is $60.57. The company has a market capitalization of $9.06 billion, a P/E ratio of 16.9073 and a beta of 0.61.
Foot Locker (NYSE:FL) last issued its earnings results on Friday, August 19th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. The company earned $1.78 billion during the quarter, compared to the consensus estimate of $1.76 billion. Foot Locker had a net margin of 7.35% and a return on equity of 23.99%. Foot Locker’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. Analysts expect that Foot Locker will post $4.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be given a dividend of $0.275 per share. The ex-dividend date is Wednesday, October 12th. This represents a $1.10 dividend on an annualized basis and a yield of 1.62%. Foot Locker’s payout ratio is presently 27.23%.
In other Foot Locker news, Director Jarobin Gilbert, Jr. sold 1,000 shares of Foot Locker stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $57.36, for a total transaction of $57,360.00. Following the transaction, the director now directly owns 12,876 shares of the company’s stock, valued at $738,567.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lewis Phillip Kimble sold 43,479 shares of Foot Locker stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $65.40, for a total transaction of $2,843,526.60. Following the transaction, the chief executive officer now directly owns 26,131 shares in the company, valued at $1,708,967.40. The disclosure for this sale can be found here. Corporate insiders own 2.92% of the company’s stock.
A number of institutional investors have recently modified their holdings of FL. Global X Management Co. LLC increased its position in shares of Foot Locker by 310.6% in the second quarter. Global X Management Co. LLC now owns 1,823 shares of the company’s stock worth $100,000 after buying an additional 1,379 shares during the period. Euclid Advisors LLC bought a new stake in Foot Locker during the second quarter worth about $127,000. Huntington National Bank increased its stake in Foot Locker by 187.3% in the second quarter. Huntington National Bank now owns 2,396 shares of the company’s stock worth $131,000 after buying an additional 1,562 shares during the period. Pacer Advisors Inc. increased its stake in Foot Locker by 10.2% in the second quarter. Pacer Advisors Inc. now owns 2,574 shares of the company’s stock worth $141,000 after buying an additional 239 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in Foot Locker by 27.3% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,800 shares of the company’s stock worth $154,000 after buying an additional 600 shares during the period. 98.06% of the stock is currently owned by institutional investors.
Foot Locker Company Profile
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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