Foot Locker (NYSE:FL) will be announcing its earnings results before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $1.21 per share for the quarter.
Shares of Foot Locker (NYSE FL) opened at $49.17 on Tuesday. Foot Locker has a 12-month low of $28.42 and a 12-month high of $77.86. The company has a market cap of $5,960.00, a price-to-earnings ratio of 12.39, a P/E/G ratio of 2.29 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.09.
Several brokerages have issued reports on FL. Deutsche Bank raised shares of Foot Locker from a “hold” rating to a “buy” rating and boosted their price objective for the company from $38.00 to $45.00 in a research note on Friday, November 17th. Piper Jaffray Companies set a $35.00 price objective on shares of Foot Locker and gave the company a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday, December 26th. Buckingham Research cut shares of Foot Locker from a “buy” rating to a “neutral” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Finally, Canaccord Genuity dropped their price objective on shares of Foot Locker from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Foot Locker currently has a consensus rating of “Buy” and a consensus target price of $56.15.
In related news, Director Matthew M. Mckenna sold 10,899 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $45.82, for a total value of $499,392.18. Following the sale, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,603,700. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard A. Johnson sold 25,000 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $50.05, for a total transaction of $1,251,250.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,899 shares of company stock worth $2,801,692. 1.73% of the stock is owned by corporate insiders.
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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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