Shares of Foot Locker, Inc. (NYSE:FL) have received an average rating of “Hold” from the thirty research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $54.47.
A number of equities research analysts recently weighed in on FL shares. B. Riley restated a “neutral” rating on shares of Foot Locker in a research report on Wednesday, November 1st. Cowen restated a “hold” rating and set a $33.00 price objective on shares of Foot Locker in a research report on Friday, November 10th. Telsey Advisory Group reduced their price objective on Foot Locker from $36.00 to $34.00 and set a “market perform” rating on the stock in a research report on Monday, November 13th. Piper Jaffray Companies set a $35.00 price objective on Foot Locker and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Finally, Canaccord Genuity reduced their price objective on Foot Locker from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, November 15th.
Shares of Foot Locker (FL) traded down $1.78 during mid-day trading on Friday, reaching $47.54. The company had a trading volume of 4,252,851 shares, compared to its average volume of 3,270,000. The company has a market cap of $5,760.00, a price-to-earnings ratio of 11.97, a P/E/G ratio of 2.23 and a beta of 0.80. Foot Locker has a twelve month low of $28.42 and a twelve month high of $77.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.09.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 4th. Stockholders of record on Friday, April 20th will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.90%. This is an increase from Foot Locker’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, April 19th. Foot Locker’s payout ratio is currently 31.23%.
In other news, CEO Richard A. Johnson sold 25,000 shares of the business’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 SEC, which can be accessed through this link. Also, Director Matthew M. Mckenna sold 10,899 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 35,000 shares in the company, valued at $1,603,700. The disclosure for this sale can be found here. Insiders sold a total of 56,899 shares of company stock worth $2,801,692 over the last three months. 1.73% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in FL. Arrowstreet Capital Limited Partnership lifted its stake in shares of Foot Locker by 7,025.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,132,990 shares of the athletic footwear retailer’s stock valued at $53,115,000 after purchasing an additional 1,117,090 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Foot Locker in the 4th quarter valued at about $46,663,000. Bank of New York Mellon Corp lifted its stake in shares of Foot Locker by 32.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock valued at $126,495,000 after purchasing an additional 870,899 shares during the period. Bank of Montreal Can lifted its stake in shares of Foot Locker by 367.4% in the 4th quarter. Bank of Montreal Can now owns 704,932 shares of the athletic footwear retailer’s stock valued at $33,049,000 after purchasing an additional 554,114 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in shares of Foot Locker by 43.0% in the 4th quarter. Two Sigma Advisers LP now owns 1,767,441 shares of the athletic footwear retailer’s stock valued at $82,858,000 after purchasing an additional 531,710 shares during the period. 92.35% of the stock is currently owned by institutional investors.
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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 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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