Foot Locker Inc. (NYSE:FL) Director Cheryl N. Turpin sold 10,000 shares of Foot Locker stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $69.16, for a total transaction of $691,600.00. Following the completion of the sale, the director now directly owns 40,858 shares in the company, valued at approximately $2,825,739.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Foot Locker Inc. (NYSE:FL) opened at 68.49 on Friday. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 17.04 and a beta of 0.61. The company’s 50-day moving average is $66.82 and its 200-day moving average is $60.83. Foot Locker Inc. has a 12-month low of $50.90 and a 12-month high of $71.04.
Foot Locker (NYSE:FL) last released its earnings results on Friday, August 19th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Foot Locker had a net margin of 7.35% and a return on equity of 23.99%. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter last year, the business earned $0.84 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Analysts predict that Foot Locker Inc. will post $4.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, October 12th. Foot Locker’s payout ratio is 27.23%.
A number of large investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC boosted its stake in Foot Locker by 310.6% in the second quarter. Global X Management Co. LLC now owns 1,823 shares of the company’s stock worth $100,000 after buying an additional 1,379 shares during the last quarter. Euclid Advisors LLC bought a new stake in shares of Foot Locker during the second quarter worth about $127,000. Huntington National Bank raised its stake in shares of Foot Locker by 187.3% in the second quarter. Huntington National Bank now owns 2,396 shares of the company’s stock worth $131,000 after buying an additional 1,562 shares during the period. Pacer Advisors Inc. raised its stake in shares of Foot Locker by 10.2% in the second quarter. Pacer Advisors Inc. now owns 2,574 shares of the company’s stock worth $141,000 after buying an additional 239 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of Foot Locker by 27.3% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,800 shares of the company’s stock worth $154,000 after buying an additional 600 shares during the period. Institutional investors own 98.06% of the company’s stock.
Several analysts have commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Foot Locker in a research report on Monday, August 22nd. Brean Capital reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Foot Locker in a research report on Wednesday, August 31st. OTR Global lowered shares of Foot Locker to a “positive” rating in a research report on Friday, August 19th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Foot Locker in a research report on Friday, July 15th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $78.00 target price on shares of Foot Locker in a research note on Friday, August 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Foot Locker currently has an average rating of “Buy” and a consensus target price of $72.87.
About Foot Locker