Citigroup reiterated their buy rating on shares of Foot Locker (NYSE:FL) in a research report released on Tuesday, December 19th. The brokerage currently has a $54.00 price objective on the athletic footwear retailer’s stock.
A number of other analysts also recently commented on FL. B. Riley restated a neutral rating on shares of Foot Locker in a research note on Wednesday, November 1st. Robert W. Baird downgraded Foot Locker from an outperform rating to a neutral rating in a research note on Monday, August 21st. Piper Jaffray Companies restated a neutral rating on shares of Foot Locker in a research note on Monday, August 21st. Buckingham Research reiterated a buy rating and set a $47.00 price target (down previously from $61.00) on shares of Foot Locker in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research downgraded Foot Locker from a hold rating to a strong sell rating in a research report on Wednesday, August 30th. Two investment 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 presently has a consensus rating of Hold and an average target price of $53.82.
Shares of Foot Locker (NYSE FL) traded up $1.15 during mid-day trading on Tuesday, hitting $47.45. The stock had a trading volume of 3,281,041 shares, compared to its average volume of 4,320,000. The company has a quick ratio of 2.09, a current ratio of 4.41 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5,750.00, a price-to-earnings ratio of 11.95, a PEG ratio of 2.27 and a beta of 0.82. Foot Locker has a fifty-two week low of $28.42 and a fifty-two week high of $77.86.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The company’s revenue was down .8% on a year-over-year basis. equities analysts expect that Foot Locker will post 4.08 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 given a $0.31 dividend. The ex-dividend date is Thursday, January 18th. This represents a $1.24 annualized dividend and a dividend yield of 2.61%. Foot Locker’s dividend payout ratio (DPR) is presently 31.23%.
In related news, Director Matthew M. Mckenna sold 10,899 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total value of $499,392.18. Following the completion of the sale, the director now owns 35,000 shares of the company’s stock, valued at $1,603,700. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.
Several large investors have recently bought and sold shares of FL. Nisa Investment Advisors LLC increased its stake in Foot Locker by 46.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 70,850 shares of the athletic footwear retailer’s stock worth $3,321,000 after acquiring an additional 22,600 shares during the last quarter. Polianta Ltd increased its stake in Foot Locker by 40.5% during the fourth quarter. Polianta Ltd now owns 26,000 shares of the athletic footwear retailer’s stock worth $1,218,000 after acquiring an additional 7,500 shares during the last quarter. Afam Capital Inc. increased its stake in Foot Locker by 73.4% during the third quarter. Afam Capital Inc. now owns 34,033 shares of the athletic footwear retailer’s stock worth $1,199,000 after acquiring an additional 14,409 shares during the last quarter. Highlander Capital Management LLC acquired a new stake in Foot Locker during the third quarter worth $352,000. Finally, Cubist Systematic Strategies LLC increased its stake in Foot Locker by 8.4% during the third quarter. Cubist Systematic Strategies LLC now owns 51,637 shares of the athletic footwear retailer’s stock worth $1,819,000 after acquiring an additional 3,981 shares during the last quarter. 89.85% of the stock is owned by hedge funds and other institutional investors.
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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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