Foot Locker Inc. (NYSE:FL) Director Cheryl N. Turpin sold 10,000 shares of the business’s stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $69.16, for a total transaction of $691,600.00. Following the completion of the sale, the director now directly owns 40,858 shares of the company’s stock, valued at approximately $2,825,739.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Foot Locker Inc. (NYSE:FL) opened at 68.59 on Monday. The firm’s 50 day moving average price is $66.86 and its 200-day moving average price is $60.86. The company has a market capitalization of $9.14 billion, a PE ratio of 17.06 and a beta of 0.61. Foot Locker Inc. has a 12-month low of $50.90 and a 12-month high of $71.04.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, August 19th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.04. The firm earned $1.78 billion during the quarter, compared to the consensus estimate of $1.76 billion. Foot Locker had a return on equity of 23.99% and a net margin of 7.35%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. On average, equities analysts anticipate that Foot Locker Inc. will post $4.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.60%. Foot Locker’s dividend payout ratio (DPR) is presently 27.23%.
A number of research analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed a “focus list” rating on shares of Foot Locker in a research note on Monday, September 26th. Zacks Investment Research downgraded Foot Locker from a “buy” rating to a “hold” rating in a research note on Friday, October 7th. Guggenheim assumed coverage on Foot Locker in a research note on Friday, September 30th. They issued a “neutral” rating for the company. Susquehanna boosted their price target on Foot Locker from $73.00 to $80.00 and gave the company a “positive” rating in a research note on Monday, August 22nd. Finally, B. Riley downgraded Foot Locker from a “buy” rating to a “neutral” rating in a research note on Monday, August 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Foot Locker has a consensus rating of “Buy” and an average target price of $72.87.
Hedge funds have recently modified their holdings of the stock. Global X Management Co. LLC increased its stake in shares of Foot Locker by 310.6% in the second quarter. Global X Management Co. LLC now owns 1,823 shares of the company’s stock worth $100,000 after buying an additional 1,379 shares during the period. Euclid Advisors LLC purchased a new position in shares of Foot Locker during the second quarter worth $127,000. Huntington National Bank boosted its position in shares of Foot Locker by 187.3% in the second quarter. Huntington National Bank now owns 2,396 shares of the company’s stock worth $131,000 after buying an additional 1,562 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Foot Locker by 10.2% in the second quarter. Pacer Advisors Inc. now owns 2,574 shares of the company’s stock worth $141,000 after buying an additional 239 shares in the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in shares of Foot Locker by 27.3% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,800 shares of the company’s stock worth $154,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 98.09% of the company’s stock.
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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