Foot Locker, Inc. (NYSE:FL) Director Matthew M. Mckenna sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $40.53, for a total transaction of $283,710.00. Following the completion of the transaction, the director now directly owns 26,862 shares of the company’s stock, valued at approximately $1,088,716.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Foot Locker stock opened at $37.96 on Thursday. Foot Locker, Inc. has a 52-week low of $37.45 and a 52-week high of $68.00. The business has a 50 day moving average price of $41.36. The company has a quick ratio of 1.07, a current ratio of 2.01 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $4.30 billion, a P/E ratio of 8.06, a P/E/G ratio of 0.79 and a beta of 0.98.
Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, May 24th. The athletic footwear retailer reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.08). Foot Locker had a return on equity of 21.75% and a net margin of 6.86%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. As a group, analysts predict that Foot Locker, Inc. will post 5.02 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. Barings LLC raised its holdings in Foot Locker by 0.4% during the first quarter. Barings LLC now owns 45,300 shares of the athletic footwear retailer’s stock worth $2,745,000 after purchasing an additional 200 shares in the last quarter. Hancock Whitney Corp raised its holdings in Foot Locker by 0.9% during the first quarter. Hancock Whitney Corp now owns 27,267 shares of the athletic footwear retailer’s stock worth $1,652,000 after purchasing an additional 237 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Foot Locker by 75.1% during the first quarter. Quadrant Capital Group LLC now owns 655 shares of the athletic footwear retailer’s stock worth $37,000 after purchasing an additional 281 shares in the last quarter. NewFocus Financial Group LLC raised its holdings in Foot Locker by 0.8% during the first quarter. NewFocus Financial Group LLC now owns 36,476 shares of the athletic footwear retailer’s stock worth $2,210,000 after purchasing an additional 295 shares in the last quarter. Finally, Alpha Windward LLC raised its holdings in Foot Locker by 3.7% during the second quarter. Alpha Windward LLC now owns 8,782 shares of the athletic footwear retailer’s stock worth $374,000 after purchasing an additional 317 shares in the last quarter. Institutional investors own 99.53% of the company’s stock.
FL has been the subject of several recent research reports. TheStreet lowered shares of Foot Locker from a “b-” rating to a “c+” rating in a research note on Monday, June 17th. B. Riley raised shares of Foot Locker from a “neutral” rating to a “buy” rating and raised their price objective for the company from $62.00 to $73.00 in a research note on Friday, May 17th. Canaccord Genuity lowered their price objective on shares of Foot Locker from $82.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Morgan Stanley raised shares of Foot Locker from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective for the company in a research note on Thursday, August 8th. Finally, Pivotal Research reissued a “buy” rating and issued a $60.00 price objective on shares of Foot Locker in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.72.
About Foot Locker
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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