Foot Locker Inc. (NYSE:FL) Director Nicholas P. Dipaolo sold 5,424 shares of the stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $68.75, for a total transaction of $372,900.00. Following the completion of the sale, the director now owns 68,128 shares of the company’s stock, valued at approximately $4,683,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Foot Locker Inc. (NYSE:FL) opened at 68.59 on Monday. The stock has a 50 day moving average of $66.86 and a 200-day moving average of $60.86. Foot Locker Inc. has a one year low of $50.90 and a one year high of $71.04. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 17.06 and a beta of 0.61.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, August 19th. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.04. Foot Locker had a net margin of 7.35% and a return on equity of 23.99%. The firm earned $1.78 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts expect that Foot Locker Inc. will post $4.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Wednesday, October 12th. Foot Locker’s payout ratio is currently 27.23%.
FL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Foot Locker from a “buy” rating to a “hold” rating in a report on Friday, October 7th. Guggenheim initiated coverage on shares of Foot Locker in a report on Friday, September 30th. They set a “neutral” rating for the company. JPMorgan Chase & Co. restated a “focus list” rating on shares of Foot Locker in a report on Monday, September 26th. Piper Jaffray Cos. set a $72.00 price objective on shares of Foot Locker and gave the stock a “buy” rating in a report on Thursday, September 8th. Finally, Brean Capital restated a “buy” rating and set a $77.00 price objective on shares of Foot Locker in a report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Foot Locker has a consensus rating of “Buy” and a consensus target price of $72.87.
Several large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in Foot Locker by 46.6% in the first quarter. Aperio Group LLC now owns 40,714 shares of the company’s stock valued at $2,626,000 after buying an additional 12,941 shares during the last quarter. BlackRock Inc. raised its stake in Foot Locker by 10.3% in the first quarter. BlackRock Inc. now owns 174,921 shares of the company’s stock valued at $11,282,000 after buying an additional 16,263 shares in the last quarter. BlackRock Group LTD raised its stake in Foot Locker by 2.6% in the first quarter. BlackRock Group LTD now owns 859,192 shares of the company’s stock valued at $55,418,000 after buying an additional 21,483 shares in the last quarter. Palisade Capital Management LLC NJ purchased a new stake in Foot Locker during the first quarter valued at about $3,549,000. Finally, M&T Bank Corp raised its stake in Foot Locker by 6.8% in the first quarter. M&T Bank Corp now owns 30,784 shares of the company’s stock valued at $1,985,000 after buying an additional 1,971 shares in the last quarter. 98.09% of the stock is owned by hedge funds and other institutional investors.
Foot Locker Company Profile