Foot Locker Inc. (FL) Director Nicholas P. Dipaolo Sells 5,424 Shares
Foot Locker Inc. (NYSE:FL) Director Nicholas P. Dipaolo sold 5,424 shares of the business’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $68.75, for a total transaction of $372,900.00. Following the sale, the director now directly owns 68,128 shares in the company, valued at approximately $4,683,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Foot Locker Inc. (NYSE:FL) traded up 0.15% during mid-day trading on Friday, hitting $68.59. 1,028,437 shares of the stock were exchanged. The company has a market cap of $9.14 billion, a P/E ratio of 17.06 and a beta of 0.61. The stock’s 50-day moving average price is $66.82 and its 200-day moving average price is $60.83. Foot Locker Inc. has a 52-week low of $50.90 and a 52-week high of $71.04.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 19th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Foot Locker had a net margin of 7.35% and a return on equity of 23.99%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Foot Locker Inc. will post $4.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, October 12th. Foot Locker’s dividend payout ratio (DPR) is presently 27.23%.
Several equities research analysts recently commented on the stock. B. Riley reissued a “buy” rating and set 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 reissued a “buy” rating and set a $77.00 price objective on shares of Foot Locker in a research note on Wednesday, August 31st. OTR Global lowered shares of Foot Locker to a “positive” rating in a research note on Friday, August 19th. Deutsche Bank AG reissued a “buy” rating and set a $75.00 price objective on shares of Foot Locker in a research note on Friday, July 15th. Finally, Robert W. Baird reissued an “outperform” rating and set a $78.00 price objective on shares of Foot Locker in a research note on Friday, August 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $72.87.
Hedge funds have recently added to or reduced their stakes in the company. Global X Management Co. LLC boosted its stake in 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 approximately $127,000. Huntington National Bank boosted 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. boosted 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 boosted 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. Institutional investors own 98.06% of the company’s stock.
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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