Foot Locker Inc. (NYSE:FL) declared a quarterly dividend on Wednesday, August 17th. Shareholders of record on Friday, October 14th will be given a dividend of 0.275 per share on Friday, October 28th. This represents a $1.10 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, October 12th.

Foot Locker (NYSE:FL) opened at 67.95 on Friday. Foot Locker has a 1-year low of $50.90 and a 1-year high of $71.67. The firm’s 50-day moving average is $66.56 and its 200 day moving average is $60.67. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 16.90 and a beta of 0.61.

Foot Locker (NYSE:FL) last announced its earnings results on Friday, August 19th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Foot Locker had a return on equity of 23.99% and a net margin of 7.35%. The company earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the business posted $0.84 EPS. Foot Locker’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts anticipate that Foot Locker will post $4.76 EPS for the current fiscal year.

Dividend History for Foot Locker (NYSE:FL)

Several brokerages have recently issued reports on FL. B. Riley reiterated a “buy” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Foot Locker in a research note on Monday, August 22nd. Brean Capital reiterated a “buy” rating and issued a $77.00 price objective on shares of Foot Locker in a research note on Wednesday, August 31st. OTR Global cut Foot Locker to a “positive” rating in a research note on Friday, August 19th. Deutsche Bank AG reiterated a “buy” rating and issued a $75.00 price objective on shares of Foot Locker in a research note on Friday, July 15th. Finally, Piper Jaffray Cos. reiterated a “buy” rating on shares of Foot Locker in a research note on Wednesday, June 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Foot Locker currently has an average rating of “Buy” and a consensus price target of $73.53.

In other Foot Locker news, CFO Lauren B. Peters sold 20,000 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $68.00, for a total value of $1,360,000.00. Following the sale, the chief financial officer now owns 139,597 shares of the company’s stock, valued at $9,492,596. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lewis Phillip Kimble sold 43,479 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $65.40, for a total value of $2,843,526.60. Following the completion of the sale, the chief executive officer now directly owns 26,131 shares in the company, valued at approximately $1,708,967.40. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. raised 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 last quarter. Veritable L.P. raised its stake in Foot Locker by 4.4% in the second quarter. Veritable L.P. now owns 5,819 shares of the company’s stock worth $319,000 after buying an additional 243 shares during the last quarter. Baird Financial Group Inc. raised its stake in Foot Locker by 6.4% in the second quarter. Baird Financial Group Inc. now owns 4,633 shares of the company’s stock worth $254,000 after buying an additional 279 shares during the last quarter. TCW Group Inc. raised its stake in Foot Locker by 3.1% in the second quarter. TCW Group Inc. now owns 10,975 shares of the company’s stock worth $602,000 after buying an additional 325 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI raised its stake in Foot Locker by 2.1% in the second quarter. Zurich Insurance Group Ltd FI now owns 19,600 shares of the company’s stock worth $1,075,000 after buying an additional 404 shares during the last quarter. 98.06% of the stock is currently owned by institutional investors.

About Foot Locker

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.

5 Day Chart for NYSE:FL

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