Foot Locker Inc. (NYSE:FL) announced a quarterly dividend on Wednesday, August 17th. Shareholders of record on Friday, October 14th will be paid a dividend of 0.275 per share on Friday, October 28th. This represents a $1.10 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Wednesday, October 12th.
Shares of Foot Locker (NYSE:FL) opened at 68.87 on Tuesday. The firm’s 50-day moving average is $66.78 and its 200-day moving average is $60.66. The company has a market cap of $9.18 billion, a price-to-earnings ratio of 17.13 and a beta of 0.61. Foot Locker has a one year low of $50.90 and a one year high of $71.04.
Foot Locker (NYSE:FL) last posted its earnings results on Friday, August 19th. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.04. Foot Locker had a return on equity of 23.99% and a net margin of 7.35%. The company earned $1.78 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Analysts expect that Foot Locker will post $4.76 EPS for the current fiscal year.
A number of research firms have recently weighed in on FL. Piper Jaffray Cos. reissued a “buy” rating on shares of Foot Locker in a report on Wednesday, June 15th. B. Riley raised Foot Locker from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Friday, August 12th. Zacks Investment Research downgraded Foot Locker from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Canaccord Genuity set a $75.00 target price on Foot Locker and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, Brean Capital reissued a “buy” rating on shares of Foot Locker in a report on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $72.87.
In related news, Chairman Richard A. Johnson sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $68.04, for a total value of $3,402,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Lauren B. Peters sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $68.00, for a total value of $1,360,000.00. Following the completion of the sale, the chief financial officer now owns 139,597 shares in the company, valued at $9,492,596. The disclosure for this sale can be found here. Insiders own 2.92% of the company’s stock.
A number of hedge funds have recently made changes to their positions in FL. Euclid Advisors LLC bought a new stake in shares of Foot Locker during the second quarter valued at approximately $127,000. Pacer Advisors Inc. boosted its position in 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 during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Foot Locker by 128.6% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,200 shares of the company’s stock worth $176,000 after buying an additional 1,800 shares during the last quarter. Baird Financial Group Inc. boosted its position in Foot Locker by 6.4% in the second quarter. Baird Financial Group Inc. now owns 4,633 shares of the company’s stock worth $254,000 after buying an additional 279 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in Foot Locker during the second quarter worth about $266,000. Institutional investors and hedge funds own 98.06% 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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