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 document filed with the Securities & Exchange Commission, which can be accessed through this link.
FL stock traded down $1.45 during trading on Friday, hitting $46.46. 1,954,234 shares of the company’s stock were exchanged, compared to its average volume of 3,086,363. The stock has a market cap of $5,806.93, a price-to-earnings ratio of 11.30, a PEG ratio of 1.68 and a beta of 0.85. Foot Locker, Inc. has a 52-week low of $28.42 and a 52-week high of $77.86. The company has a quick ratio of 2.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.05.
Foot Locker (NYSE:FL) last posted its earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.01. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Foot Locker had a return on equity of 19.32% and a net margin of 3.65%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. sell-side analysts anticipate that Foot Locker, Inc. will post 4.4 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 4th. Investors of record on Friday, April 20th will be paid a dividend of $0.345 per share. This is a boost from Foot Locker’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, April 19th. This represents a $1.38 annualized dividend and a yield of 2.97%. Foot Locker’s payout ratio is presently 30.17%.
Several research firms have weighed in on FL. Wedbush reaffirmed an “outperform” rating and issued a $59.00 target price (up from $52.00) on shares of Foot Locker in a research report on Thursday, January 25th. Pivotal Research began coverage on Foot Locker in a research report on Thursday, January 25th. They issued a “buy” rating and a $65.00 target price for the company. Barclays lifted their target price on Foot Locker from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Oppenheimer raised Foot Locker from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Wednesday, January 31st. Finally, ValuEngine downgraded Foot Locker from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $54.75.
Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. increased its position 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 during the period. CenterStar Asset Management LLC acquired a new position in Foot Locker during the fourth quarter worth approximately $138,000. Truewealth LLC acquired a new position in Foot Locker during the fourth quarter worth approximately $169,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Foot Locker during the fourth quarter worth approximately $188,000. Finally, Cigna Investments Inc. New acquired a new position in Foot Locker during the fourth quarter worth approximately $217,000. Hedge funds and other institutional investors own 96.38% of the company’s stock.
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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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