Traders Sell Foot Locker, Inc. (FL) on Strength (FL)
Investors sold shares of Foot Locker, Inc. (NYSE:FL) on strength during trading hours on Friday. $272.12 million flowed into the stock on the tick-up and $320.32 million flowed out of the stock on the tick-down, for a money net flow of $48.20 million out of the stock. Of all companies tracked, Foot Locker had the 10th highest net out-flow for the day. Foot Locker traded up $8.97 for the day and closed at $40.82
Several equities research analysts recently commented on FL shares. ValuEngine lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Barclays PLC set a $80.00 price objective on shares of Foot Locker and gave the stock a “buy” rating in a research report on Saturday, August 5th. Morgan Stanley reiterated an “overweight” rating and issued a $50.00 price objective (down from $65.00) on shares of Foot Locker in a research report on Tuesday, August 29th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Foot Locker in a research report on Tuesday, August 15th. Finally, 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 report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the stock. Foot Locker currently has an average rating of “Hold” and an average price target of $57.67.
The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 2.88. The company has a market capitalization of $3,950.00, a price-to-earnings ratio of 6.70, a PEG ratio of 2.09 and a beta of 0.66.
Foot Locker (NYSE:FL) last issued its earnings results on Thursday, November 16th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business earned $1.13 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. analysts anticipate that Foot Locker, Inc. will post 3.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s payout ratio is currently 28.64%.
Several large investors have recently modified their holdings of the company. Alps Advisors Inc. grew its holdings in shares of Foot Locker by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock worth $311,000 after purchasing an additional 17 shares during the period. Honkamp Krueger Financial Services Inc. boosted its holdings in Foot Locker by 0.4% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock worth $694,000 after acquiring an additional 61 shares during the period. Thrivent Financial For Lutherans boosted its holdings in Foot Locker by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock worth $247,000 after acquiring an additional 120 shares during the period. Empirical Finance LLC boosted its holdings in Foot Locker by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 31,054 shares of the athletic footwear retailer’s stock worth $1,531,000 after acquiring an additional 205 shares during the period. Finally, Formidable Asset Management LLC boosted its holdings in Foot Locker by 2.8% in the 2nd quarter. Formidable Asset Management LLC now owns 12,446 shares of the athletic footwear retailer’s stock worth $613,000 after acquiring an additional 336 shares during the period. Institutional investors and hedge funds own 95.20% of the company’s stock.
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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 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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