Foot Locker Inc. (NYSE:FL) Director Nicholas P. Dipaolo sold 5,424 shares of Foot Locker stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $68.75, for a total transaction of $372,900.00. Following the completion of the sale, the director now directly owns 68,128 shares of the company’s stock, valued at approximately $4,683,800. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Foot Locker Inc. (NYSE:FL) opened at 67.89 on Tuesday. The company has a market capitalization of $9.05 billion, a PE ratio of 16.89 and a beta of 0.61. Foot Locker Inc. has a 1-year low of $50.90 and a 1-year high of $71.00. The stock’s 50 day moving average price is $66.90 and its 200-day moving average price is $60.81.
Foot Locker (NYSE:FL) last announced its earnings results on Friday, August 19th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company earned $1.78 billion during the quarter, compared to the consensus estimate of $1.76 billion. Foot Locker had a return on equity of 23.99% and a net margin of 7.35%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. On average, equities analysts predict that Foot Locker Inc. will post $4.76 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors 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 dividend on an annualized basis and a dividend yield of 1.62%. Foot Locker’s dividend payout ratio is presently 27.23%.
FL has been the subject of several research reports. Jefferies Group reissued a “buy” rating and issued a $73.00 price target on shares of Foot Locker in a research report on Wednesday, June 29th. Susquehanna initiated coverage on shares of Foot Locker in a research report on Friday, August 12th. They issued a “positive” rating and a $73.00 price target for the company. Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, October 5th. JPMorgan Chase & Co. reissued a “focus list” rating on shares of Foot Locker in a research report on Monday, September 26th. Finally, OTR Global downgraded shares of Foot Locker to a “positive” rating in a research report on Friday, August 19th. One equities research 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 has a consensus rating of “Buy” and a consensus target price of $72.87.
Several institutional investors have recently made changes to their positions in FL. Origin Asset Management LLP increased its position in shares of Foot Locker by 19.0% in the first quarter. Origin Asset Management LLP now owns 449,497 shares of the company’s stock worth $28,993,000 after buying an additional 71,653 shares in the last quarter. Capital Fund Management S.A. increased its position in Foot Locker by 191.7% in the second quarter. Capital Fund Management S.A. now owns 512,644 shares of the company’s stock worth $28,124,000 after buying an additional 336,925 shares during the period. Geode Capital Management LLC increased its position in Foot Locker by 9.3% in the first quarter. Geode Capital Management LLC now owns 997,816 shares of the company’s stock worth $64,326,000 after buying an additional 85,188 shares during the period. Springbok Capital Management LLC increased its position in Foot Locker by 562.3% in the first quarter. Springbok Capital Management LLC now owns 8,000 shares of the company’s stock worth $516,000 after buying an additional 6,792 shares during the period. Finally, Fulton Bank N.A. increased its position in Foot Locker by 2.1% in the second quarter. Fulton Bank N.A. now owns 10,046 shares of the company’s stock worth $551,000 after buying an additional 207 shares during the period. 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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