Foot Locker, Inc. (NYSE:FL) CEO Lewis Phillip Kimble sold 11,043 shares of Foot Locker stock in a transaction on Monday, March 12th. The shares were sold at an average price of $42.71, for a total transaction of $471,646.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Foot Locker, Inc. (NYSE:FL) opened at $43.86 on Wednesday. Foot Locker, Inc. has a 52 week low of $28.42 and a 52 week high of $77.86. The company has a current ratio of 4.14, a quick ratio of 2.07 and a debt-to-equity ratio of 0.05. The company has a market cap of $5,250.60, a PE ratio of 20.31, a P/E/G ratio of 1.52 and a beta of 0.84.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. Foot Locker had a net margin of 3.65% and a return on equity of 19.32%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the company earned $1.37 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. analysts predict that Foot Locker, Inc. will post 4.4 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in FL. Arrowstreet Capital Limited Partnership boosted its stake in shares of Foot Locker by 7,025.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,132,990 shares of the athletic footwear retailer’s stock worth $53,115,000 after purchasing an additional 1,117,090 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Foot Locker during the 4th quarter worth about $46,663,000. Bank of New York Mellon Corp boosted its stake in shares of Foot Locker by 32.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock worth $126,495,000 after purchasing an additional 870,899 shares during the period. Bank of Montreal Can boosted its stake in shares of Foot Locker by 367.4% during the 4th quarter. Bank of Montreal Can now owns 704,932 shares of the athletic footwear retailer’s stock worth $33,049,000 after purchasing an additional 554,114 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of Foot Locker by 43.0% during the 4th quarter. Two Sigma Advisers LP now owns 1,767,441 shares of the athletic footwear retailer’s stock worth $82,858,000 after purchasing an additional 531,710 shares during the period. 96.49% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on FL shares. Deutsche Bank upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and lifted their price target for the company from $38.00 to $45.00 in a report on Friday, November 17th. Piper Jaffray Companies set a $35.00 price target on shares of Foot Locker and gave the company a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, December 26th. Pivotal Research set a $57.00 price target on shares of Foot Locker and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Jefferies Group set a $61.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a report on Friday, November 17th. Two 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 currently has an average rating of “Hold” and an average price target of $54.23.
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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 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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