Foot Locker Inc. (FL) Upgraded to “Buy” by Vetr Inc.
Vetr upgraded shares of Foot Locker Inc. (NYSE:FL) from a hold rating to a buy rating in a research report report published on Tuesday. The firm currently has $75.82 price target on the stock.
Other research analysts have also issued research reports about the company. B. Riley lifted their price target on Foot Locker from $75.00 to $80.00 and gave the stock a buy rating in a report on Wednesday, August 17th. Piper Jaffray Cos. set a $67.00 price target on Foot Locker and gave the stock a buy rating in a report on Thursday, August 18th. Canaccord Genuity set a $79.00 price target on Foot Locker and gave the stock a buy rating in a report on Saturday, November 12th. Zacks Investment Research lowered Foot Locker from a buy rating to a hold rating in a report on Monday, September 12th. Finally, Citigroup Inc. lifted their price target on Foot Locker from $68.00 to $79.00 and gave the stock a buy rating in a report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $74.73.
Foot Locker (NYSE:FL) opened at 72.44 on Tuesday. Foot Locker has a one year low of $50.90 and a one year high of $74.74. The company has a market capitalization of $9.71 billion, a PE ratio of 15.64 and a beta of 0.59. The firm’s 50-day moving average is $69.26 and its 200 day moving average is $62.52.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, November 18th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $1.89 billion for the quarter. Foot Locker had a return on equity of 24.22% and a net margin of 8.26%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 EPS. On average, equities analysts expect that Foot Locker will post $4.76 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, January 13th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.52%. The ex-dividend date is Wednesday, January 11th. Foot Locker’s dividend payout ratio (DPR) is 23.71%.
In related news, Director Nicholas P. Dipaolo sold 5,424 shares of the stock in a transaction on 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 owns 68,128 shares of the company’s stock, valued at $4,683,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lewis Phillip Kimble sold 43,479 shares of the 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 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. 2.92% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Global X Management Co. LLC raised 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 last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Foot Locker during the third quarter worth approximately $102,000. Euclid Advisors LLC bought a new stake in Foot Locker during the second quarter worth approximately $127,000. D.A. Davidson & CO. raised its stake in Foot Locker by 58.0% in the third quarter. D.A. Davidson & CO. now owns 1,940 shares of the company’s stock worth $130,000 after buying an additional 712 shares during the last quarter. Finally, 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. 94.55% of the stock is currently owned by institutional investors and hedge funds.
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.
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