Foot Locker Inc. (NYSE:FL) Director Cheryl N. Turpin sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. Following the completion of the sale, the director now directly owns 40,858 shares of the company’s stock, valued at $2,825,739.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Foot Locker Inc. (NYSE:FL) opened at 68.59 on Monday. The company has a market cap of $9.14 billion, a price-to-earnings ratio of 17.06 and a beta of 0.61. Foot Locker Inc. has a one year low of $50.90 and a one year high of $71.04. The firm’s 50-day moving average is $66.86 and its 200-day moving average is $60.86.

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 company earned $1.78 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 earnings per share. Analysts expect that Foot Locker Inc. will post $4.76 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Foot Locker (NYSE:FL)

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 is Wednesday, October 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.60%. Foot Locker’s payout ratio is presently 27.23%.

Several research firms have commented on FL. B. Riley reissued a “buy” rating and issued a $80.00 target price (up from $75.00) on shares of Foot Locker in a research report on Monday, August 22nd. Brean Capital reissued a “buy” rating and issued a $77.00 price target on shares of Foot Locker in a report on Wednesday, August 31st. OTR Global downgraded shares of Foot Locker to a “positive” rating in a report on Friday, August 19th. Deutsche Bank AG reissued a “buy” rating and issued a $75.00 price target on shares of Foot Locker in a report on Friday, July 15th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $78.00 price target on shares of Foot Locker in a report on Friday, August 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have given 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.

Several large investors have recently made changes to their positions in FL. Origin Asset Management LLP boosted its stake in shares of Foot Locker by 19.0% in the first quarter. Origin Asset Management LLP now owns 449,497 shares of the company’s stock worth $28,993,000 after buying an additional 71,653 shares during the last quarter. Capital Fund Management S.A. boosted its stake in shares of Foot Locker by 191.7% in the second quarter. Capital Fund Management S.A. now owns 512,644 shares of the company’s stock worth $28,124,000 after buying an additional 336,925 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Foot Locker by 9.3% in the first quarter. Geode Capital Management LLC now owns 997,816 shares of the company’s stock worth $64,326,000 after buying an additional 85,188 shares during the last quarter. Springbok Capital Management LLC boosted its stake in shares of Foot Locker by 562.3% in the first quarter. Springbok Capital Management LLC now owns 8,000 shares of the company’s stock worth $516,000 after buying an additional 6,792 shares during the last quarter. Finally, Fulton Bank N.A. boosted its stake in shares of Foot Locker by 2.1% in the second quarter. Fulton Bank N.A. now owns 10,046 shares of the company’s stock worth $551,000 after buying an additional 207 shares during the last quarter. 98.09% of the stock is 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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