Foot Locker, Inc. (NYSE:FL) Director Jarobin Gilbert, Jr. sold 1,500 shares of Foot Locker stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $43.44, for a total value of $65,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Foot Locker, Inc. (NYSE FL) traded up $0.66 on Friday, reaching $44.12. The company’s stock had a trading volume of 742,234 shares, compared to its average volume of 3,901,130. Foot Locker, Inc. has a 12-month low of $28.42 and a 12-month high of $77.86. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.07 and a current ratio of 4.14. The firm has a market capitalization of $5,243.33, a price-to-earnings ratio of 20.12, a PEG ratio of 1.51 and a beta of 0.84.
Foot Locker (NYSE:FL) last issued its earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. Foot Locker had a return on equity of 19.32% and a net margin of 3.65%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. Foot Locker’s revenue for the quarter was up 4.6% on a year-over-year basis. equities research analysts expect that Foot Locker, Inc. will post 4.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 4th. Stockholders of record on Friday, April 20th will be given a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.13%. This is a positive change from Foot Locker’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, April 19th. Foot Locker’s dividend payout ratio is presently 57.41%.
FL has been the topic of a number of recent analyst reports. Jefferies Group set a $61.00 target price on Foot Locker and gave the company a “buy” rating in a research report on Friday, November 17th. Deutsche Bank upgraded Foot Locker from a “hold” rating to a “buy” rating and lifted their target price for the company from $38.00 to $45.00 in a research report on Friday, November 17th. Citigroup lifted their target price on Foot Locker from $40.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, November 20th. ValuEngine upgraded Foot Locker from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Canaccord Genuity upgraded Foot Locker from a “hold” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $64.00 in a report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.23.
Several large investors have recently modified their holdings of FL. Assetmark Inc. grew its holdings in Foot Locker by 205.0% during the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock worth $135,000 after buying an additional 2,577 shares in the last quarter. CenterStar Asset Management LLC bought a new position in Foot Locker in the 4th quarter valued at $138,000. Truewealth LLC bought a new position in Foot Locker in the 4th quarter valued at $169,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Foot Locker in the 4th quarter valued at $188,000. Finally, Cigna Investments Inc. New bought a new position in Foot Locker in the 4th quarter valued at $217,000. 96.49% of the stock is currently owned by 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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