Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reaffirmed a focus list rating on shares of Foot Locker in a report on Monday, September 26th. Zacks Investment Research cut shares of Foot Locker from a buy rating to a hold rating in a report on Monday, September 12th. Piper Jaffray Cos. set a $72.00 price target on shares of Foot Locker and gave the company a buy rating in a report on Thursday, September 8th. Brean Capital reissued a buy rating and set a $77.00 target price on shares of Foot Locker in a report on Wednesday, August 31st. Finally, B. Riley cut shares of Foot Locker from a buy rating to a neutral rating in a report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $73.62.
Shares of Foot Locker (NYSE:FL) opened at 67.00 on Friday. The stock has a market cap of $8.93 billion, a P/E ratio of 16.67 and a beta of 0.61. The stock has a 50 day moving average of $66.14 and a 200 day moving average of $60.56. Foot Locker has a one year low of $50.90 and a one year high of $71.71.
Foot Locker (NYSE:FL) last announced its earnings results on Friday, August 19th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The business earned $1.78 billion during the quarter, compared to the consensus estimate of $1.76 billion. Foot Locker had a net margin of 7.35% and a return on equity of 23.99%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. Equities analysts expect that Foot Locker will post $4.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, October 12th. Foot Locker’s dividend payout ratio is presently 27.23%.
In other news, Chairman Richard A. Johnson sold 50,000 shares of the stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $68.04, for a total value of $3,402,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lauren B. Peters sold 20,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $68.00, for a total transaction of $1,360,000.00. Following the completion of the sale, the chief financial officer now directly owns 139,597 shares of the company’s stock, valued at $9,492,596. The disclosure for this sale can be found here. Company insiders own 2.92% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Foot Locker by 15.9% in the second quarter. Vanguard Group Inc. now owns 12,566,107 shares of the company’s stock worth $689,377,000 after buying an additional 1,721,731 shares during the period. FMR LLC raised its stake in Foot Locker by 3.5% in the second quarter. FMR LLC now owns 5,953,825 shares of the company’s stock worth $326,628,000 after buying an additional 200,770 shares during the period. State Street Corp raised its stake in Foot Locker by 16.8% in the second quarter. State Street Corp now owns 5,666,567 shares of the company’s stock worth $310,837,000 after buying an additional 816,951 shares during the period. Nordea Investment Management AB raised its stake in Foot Locker by 0.3% in the second quarter. Nordea Investment Management AB now owns 2,871,414 shares of the company’s stock worth $157,526,000 after buying an additional 7,335 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Foot Locker by 68.5% in the second quarter. Ameriprise Financial Inc. now owns 2,438,743 shares of the company’s stock worth $133,786,000 after buying an additional 991,321 shares during the period. 98.06% of the stock is owned by institutional investors and hedge funds.
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’s Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point Group, including Runners Point and Sidestep.
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