Foot Locker, Inc. (NYSE:FL) has earned a consensus recommendation of “Hold” from the thirty-one analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $53.24.
Several analysts recently weighed in on FL shares. Zacks Investment Research upgraded Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday, December 26th. Citigroup restated a “buy” rating and issued a $54.00 price objective on shares of Foot Locker in a report on Tuesday, December 19th. Buckingham Research upgraded Foot Locker from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Friday, January 5th. Canaccord Genuity upgraded Foot Locker from a “hold” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $64.00 in a report on Friday, December 15th. Finally, Standpoint Research downgraded Foot Locker from a “buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a report on Monday, December 4th.
In related news, CEO Richard A. Johnson sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $50.05, for a total value of $1,251,250.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Matthew M. Mckenna sold 10,899 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $45.82, for a total value of $499,392.18. Following the completion of the sale, the director now owns 35,000 shares in the company, valued at approximately $1,603,700. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,442 shares of company stock worth $3,338,499. 2.90% of the stock is owned by insiders.
FL stock traded up $1.86 during trading hours on Wednesday, hitting $43.74. The stock had a trading volume of 5,114,401 shares, compared to its average volume of 4,986,152. Foot Locker has a fifty-two week low of $28.42 and a fifty-two week high of $77.86. The company has a market capitalization of $5,076.06, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.07 and a current ratio of 4.14.
Foot Locker (NYSE:FL) last released 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. Foot Locker had a return on equity of 19.32% and a net margin of 3.65%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the company earned $1.37 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. analysts forecast that Foot Locker will post 4.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 4th. Stockholders of record on Friday, April 20th will be paid a dividend of $0.345 per share. This is a positive change from Foot Locker’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.16%. Foot Locker’s payout ratio is presently 57.41%.
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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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