Shares of Foot Locker Inc. (NYSE:FL) have been assigned an average recommendation of “Buy” from the twenty-three brokerages that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $75.25.
Several research analysts recently issued reports on FL shares. Zacks Investment Research upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. B. Riley reiterated a “buy” rating and issued a $81.00 price target on shares of Foot Locker in a research note on Thursday. Brean Capital reiterated a “buy” rating and issued a $77.00 price target (down from $78.00) on shares of Foot Locker in a research note on Tuesday. Guggenheim started coverage on shares of Foot Locker in a research note on Friday, September 30th. They issued a “neutral” rating for the company. Finally, Canaccord Genuity set a $75.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research note on Monday, August 15th.
In other news, CEO Lewis Phillip Kimble sold 43,479 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $65.40, for a total value of $2,843,526.60. Following the transaction, the chief executive officer now owns 26,131 shares of the company’s stock, valued at $1,708,967.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nicholas P. Dipaolo sold 5,424 shares of the business’s stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $68.75, for a total transaction of $372,900.00. Following the completion of the transaction, the director now directly owns 68,128 shares in the company, valued at approximately $4,683,800. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its position in Foot Locker by 3.6% in the first quarter. Arizona State Retirement System now owns 71,856 shares of the company’s stock valued at $4,635,000 after buying an additional 2,500 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Foot Locker during the first quarter valued at $726,000. BlueMountain Capital Management LLC acquired a new stake in shares of Foot Locker during the first quarter valued at $397,000. Origin Asset Management LLP boosted its stake 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 valued at $28,993,000 after buying an additional 71,653 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Foot Locker by 163.2% in the second quarter. BNP Paribas Arbitrage SA now owns 67,783 shares of the company’s stock valued at $3,719,000 after buying an additional 42,032 shares in the last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.
Foot Locker (NYSE:FL) traded down 0.35% on Friday, reaching $73.93. 542,055 shares of the company’s stock were exchanged. The company has a market cap of $9.91 billion, a PE ratio of 15.96 and a beta of 0.59. Foot Locker has a 52-week low of $50.90 and a 52-week high of $74.74. The firm’s 50 day moving average price is $68.94 and its 200 day moving average price is $62.26.
Foot Locker (NYSE:FL) last posted its earnings results on Friday, November 18th. The company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. Foot Locker had a net margin of 8.26% and a return on equity of 24.22%. The firm earned $1.89 billion during the quarter. During the same period in the prior year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts expect that Foot Locker will post $4.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, January 13th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.48%. The ex-dividend date is Wednesday, January 11th. Foot Locker’s dividend payout ratio is currently 23.71%.