Foot Locker, Inc. (NYSE:FL) SVP Giovanna Cipriano sold 21,000 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $50.05, for a total value of $1,051,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Foot Locker, Inc. (NYSE:FL) traded up $1.94 during trading on Wednesday, reaching $48.58. The company’s stock had a trading volume of 3,665,568 shares, compared to its average volume of 3,390,000. Foot Locker, Inc. has a 12-month low of $28.42 and a 12-month high of $77.86. The firm has a market cap of $5,890.00, a PE ratio of 12.24, a price-to-earnings-growth ratio of 2.15 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The company 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 posted $1.13 EPS. The company’s revenue was down .8% compared to the same quarter last year. sell-side analysts expect that Foot Locker, Inc. will post 4.1 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in FL. Franklin Resources Inc. grew its stake in shares of Foot Locker by 53.7% in the 2nd quarter. Franklin Resources Inc. now owns 19,035 shares of the athletic footwear retailer’s stock valued at $938,000 after purchasing an additional 6,651 shares during the period. Amalgamated Bank grew its stake in shares of Foot Locker by 17.7% in the 2nd quarter. Amalgamated Bank now owns 25,707 shares of the athletic footwear retailer’s stock valued at $1,267,000 after purchasing an additional 3,871 shares during the period. Profund Advisors LLC grew its stake in shares of Foot Locker by 23.0% in the 2nd quarter. Profund Advisors LLC now owns 4,801 shares of the athletic footwear retailer’s stock valued at $237,000 after purchasing an additional 897 shares during the period. Thrivent Financial For Lutherans grew its stake in shares of 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 valued at $247,000 after purchasing an additional 120 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Foot Locker by 7.8% in the 2nd quarter. New York State Common Retirement Fund now owns 548,549 shares of the athletic footwear retailer’s stock valued at $27,032,000 after purchasing an additional 39,549 shares during the period. Institutional investors own 89.78% of the company’s stock.
A number of brokerages have weighed in on FL. B. Riley reaffirmed a “neutral” rating on shares of Foot Locker in a research report on Wednesday, November 1st. Zacks Investment Research raised Foot Locker from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Wedbush reissued an “outperform” rating on shares of Foot Locker in a research report on Monday, February 5th. OTR Global raised Foot Locker to a “positive” rating in a research report on Friday, February 9th. Finally, Barclays boosted their price objective on Foot Locker from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $56.15.
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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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