Foot Locker, Inc. (FL) Sets New 52-Week Low at $31.52
Foot Locker, Inc. (NYSE:FL)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $31.52 and last traded at $31.53, with a volume of 2,725,832 shares. The stock had previously closed at $32.62.
A number of equities analysts have recently commented on the company. Barclays PLC reiterated an “overweight” rating and issued a $80.00 price objective on shares of Foot Locker in a research note on Thursday, June 22nd. Morgan Stanley upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $70.00 to $65.00 in a research note on Tuesday, August 8th. Credit Suisse Group reiterated a “neutral” rating and issued a $52.00 price objective (down from $66.00) on shares of Foot Locker in a research note on Tuesday, August 1st. ValuEngine upgraded Foot Locker from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Jefferies Group LLC set a $61.00 price objective on Foot Locker and gave the stock a “buy” rating in a research note on Saturday, August 19th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $64.38.
The stock has a market capitalization of $3.90 billion, a P/E ratio of 7.26 and a beta of 0.72. The stock’s 50-day moving average price is $35.10 and its 200-day moving average price is $53.08.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.28). The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The business’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 EPS. On average, equities analysts forecast that Foot Locker, Inc. will post $3.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.24 annualized dividend and a dividend yield of 3.95%. Foot Locker’s dividend payout ratio is 28.57%.
Several hedge funds and other institutional investors have recently bought and sold shares of FL. Raymond James Financial Services Advisors Inc. boosted its position in Foot Locker by 20.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,251 shares of the athletic footwear retailer’s stock valued at $393,000 after buying an additional 894 shares in the last quarter. Pacer Advisors Inc. boosted its position in Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock valued at $197,000 after buying an additional 88 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Foot Locker in the first quarter valued at approximately $235,000. Victory Capital Management Inc. boosted its position in Foot Locker by 10.6% in the first quarter. Victory Capital Management Inc. now owns 18,732 shares of the athletic footwear retailer’s stock valued at $1,401,000 after buying an additional 1,791 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Foot Locker by 5.6% in the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock valued at $153,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 96.76% 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 is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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