Foot Locker Inc. (NYSE:FL) Director Nicholas P. Dipaolo sold 5,424 shares of the business’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $68.75, for a total transaction of $372,900.00. Following the completion of the transaction, the director now directly owns 68,128 shares of the company’s stock, valued at $4,683,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Foot Locker Inc. (NYSE:FL) opened at 67.89 on Wednesday. The firm’s 50-day moving average is $66.94 and its 200 day moving average is $60.84. Foot Locker Inc. has a 52-week low of $50.90 and a 52-week high of $70.72. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 16.89 and a beta of 0.61.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, August 19th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. Foot Locker had a net margin of 7.35% and a return on equity of 23.99%. The firm earned $1.78 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the business earned $0.84 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that Foot Locker Inc. will post $4.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, October 12th. This represents a $1.10 annualized dividend and a yield of 1.62%. Foot Locker’s payout ratio is 27.23%.
A number of equities research analysts recently weighed in on FL shares. Piper Jaffray Cos. set a $67.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research note on Thursday, August 18th. B. Riley boosted their price target on shares of Foot Locker from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Zacks Investment Research downgraded shares of Foot Locker from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Canaccord Genuity set a $75.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research note on Monday, August 15th. Finally, Citigroup Inc. boosted their price target on shares of Foot Locker from $68.00 to $79.00 and gave the stock a “buy” rating in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $72.87.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in 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 valued at $689,377,000 after buying an additional 1,721,731 shares in the last quarter. Bank of Montreal Can bought a new stake in Foot Locker during the second quarter valued at $74,928,000. Fiera Capital Corp raised its stake in Foot Locker by 1,328.7% in the second quarter. Fiera Capital Corp now owns 1,280,095 shares of the company’s stock valued at $70,226,000 after buying an additional 1,190,495 shares in the last quarter. Investec Asset Management LTD bought a new stake in Foot Locker during the first quarter valued at $64,668,000. 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 valued at $133,786,000 after buying an additional 991,321 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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