Canaccord Genuity set a $67.00 price objective on Foot Locker (NYSE:FL) in a research report sent to investors on Friday, January 19th. The firm currently has a buy rating on the athletic footwear retailer’s stock.
A number of other analysts have also weighed in on FL. Cowen reiterated a hold rating and issued a $37.00 target price on shares of Foot Locker in a research note on Thursday, September 21st. ValuEngine upgraded Foot Locker from a hold rating to a buy rating in a research note on Monday, October 2nd. Buckingham Research lowered Foot Locker from a buy rating to a neutral rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Zacks Investment Research upgraded Foot Locker from a sell rating to a hold rating in a research note on Monday, October 23rd. Finally, Robert W. Baird restated a hold rating and set a $37.00 price target on shares of Foot Locker in a research note on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Foot Locker presently has an average rating of Buy and a consensus target price of $56.15.
Foot Locker (NYSE:FL) traded up $0.08 during mid-day trading on Friday, reaching $46.34. The company’s stock had a trading volume of 3,270,000 shares, compared to its average volume of 3,300,000. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. Foot Locker has a twelve month low of $28.42 and a twelve month high of $77.86. The stock has a market capitalization of $5,620.00, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 2.15 and a beta of 0.80.
Foot Locker (NYSE:FL) last released its earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm posted $1.13 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. equities research analysts forecast that Foot Locker will post 4.1 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, January 19th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Thursday, January 18th. Foot Locker’s dividend payout ratio is presently 31.23%.
In other Foot Locker news, CEO Richard A. Johnson sold 25,000 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Giovanna Cipriano sold 21,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $50.05, for a total value of $1,051,050.00. The disclosure for this sale can be found here. In the last three months, insiders sold 56,899 shares of company stock valued at $2,801,692. Corporate insiders own 1.73% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of FL. Vanguard Group Inc. lifted its holdings in shares of Foot Locker by 1.6% during the second quarter. Vanguard Group Inc. now owns 13,187,732 shares of the athletic footwear retailer’s stock worth $649,891,000 after purchasing an additional 201,518 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Foot Locker by 9.6% during the fourth quarter. Bank of New York Mellon Corp now owns 3,935,081 shares of the athletic footwear retailer’s stock worth $184,475,000 after purchasing an additional 343,488 shares during the period. APG Asset Management N.V. lifted its holdings in shares of Foot Locker by 11.2% during the third quarter. APG Asset Management N.V. now owns 2,776,631 shares of the athletic footwear retailer’s stock worth $97,793,000 after purchasing an additional 279,200 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Foot Locker by 1,744.5% during the second quarter. Renaissance Technologies LLC now owns 1,372,300 shares of the athletic footwear retailer’s stock worth $67,627,000 after purchasing an additional 1,297,900 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Foot Locker by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock worth $46,817,000 after purchasing an additional 357,669 shares during the period. 89.78% of the stock is owned by institutional investors and hedge funds.
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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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