Shares of Foot Locker, Inc. (NYSE:FL) have received an average recommendation of “Hold” from the thirty-one analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $53.24.
FL has been the subject of several recent analyst reports. Zacks Investment Research upgraded Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday, December 26th. Pivotal Research set a $57.00 price target on Foot Locker and gave the stock a “buy” rating in a report on Tuesday, February 27th. Wedbush restated an “outperform” rating and issued a $59.00 price target (up from $52.00) on shares of Foot Locker in a report on Thursday, January 25th. ValuEngine upgraded Foot Locker from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Robert W. Baird restated a “hold” rating and issued a $52.00 price target on shares of Foot Locker in a report on Wednesday, January 3rd.
Shares of FL stock opened at $43.62 on Wednesday. Foot Locker has a fifty-two week low of $28.42 and a fifty-two week high of $77.86. The stock has a market capitalization of $5,346.35, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.54 and a beta of 0.84. The company has a quick ratio of 2.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.05.
Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.01. Foot Locker had a return on equity of 19.32% and a net margin of 3.65%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the company earned $1.37 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. sell-side analysts predict that Foot Locker will post 4.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 4th. Investors of record on Friday, April 20th will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Thursday, April 19th. This is a boost from Foot Locker’s previous quarterly dividend of $0.31. This represents a $1.38 annualized dividend and a yield of 3.16%. Foot Locker’s dividend payout ratio is 57.41%.
In related news, CEO Lewis Phillip Kimble sold 11,043 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $42.71, for a total transaction of $471,646.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew M. Mckenna sold 10,899 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $45.82, for a total value of $499,392.18. Following the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at $1,603,700. The disclosure for this sale can be found here. Insiders have sold 69,442 shares of company stock valued at $3,338,499 over the last three months. Insiders own 1.73% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Foot Locker during the third quarter valued at approximately $4,590,000. Commonwealth Bank of Australia raised its stake in Foot Locker by 356.2% in the third quarter. Commonwealth Bank of Australia now owns 73,381 shares of the athletic footwear retailer’s stock valued at $2,579,000 after buying an additional 57,296 shares during the period. Pacer Advisors Inc. raised its stake in Foot Locker by 574.1% in the third quarter. Pacer Advisors Inc. now owns 26,524 shares of the athletic footwear retailer’s stock valued at $934,000 after buying an additional 22,589 shares during the period. Tredje AP fonden raised its stake in Foot Locker by 12.6% in the third quarter. Tredje AP fonden now owns 36,470 shares of the athletic footwear retailer’s stock valued at $1,284,000 after buying an additional 4,080 shares during the period. Finally, U S Global Investors Inc. bought a new stake in Foot Locker in the third quarter valued at approximately $321,000. 96.38% of the stock is owned by hedge funds and other 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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