The Foot Locker Inc. (FL) Stock Rating Reaffirm by Brean Capital

The Foot Locker Inc. (FL) Stock Rating Reaffirm by Brean Capital

Brean Capital restated their buy rating on shares of Foot Locker Inc. (NYSE:FL) in a research note issued to investors on Tuesday morning. They currently have a $77.00 target price on the stock, down from their prior target price of $78.00.

FL has been the subject of a number of other reports. B. Riley reiterated a buy rating and issued a $80.00 price target (up from $75.00) on shares of Foot Locker in a research note on Monday, August 22nd. OTR Global cut Foot Locker to a positive rating in a research note on Friday, August 19th. Robert W. Baird reiterated an outperform rating and issued a $78.00 price target on shares of Foot Locker in a research note on Friday, August 19th. Zacks Investment Research upgraded Foot Locker from a hold rating to a buy rating and set a $75.00 price target for the company in a research note on Wednesday, October 5th. Finally, Wedbush assumed coverage on Foot Locker in a research note on Wednesday, November 2nd. They issued an outperform rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $74.32.

Foot Locker (NYSE:FL) opened at 73.93 on Tuesday. The firm’s 50-day moving average price is $69.14 and its 200 day moving average price is $62.35. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 15.96 and a beta of 0.59. Foot Locker has a 12-month low of $50.90 and a 12-month high of $74.74.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, November 18th. The company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.03. Foot Locker had a return on equity of 24.22% and a net margin of 8.26%. The company earned $1.89 billion during the quarter. During the same quarter in the previous year, the company posted $1.00 earnings per share. The firm’s revenue 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 firm also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Investors of record on Friday, January 13th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $1.10 annualized dividend and a yield of 1.49%. Foot Locker’s payout ratio is 23.71%.

In related news, Director Nicholas P. Dipaolo sold 5,424 shares of the firm’s stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $68.75, for a total value of $372,900.00. Following the transaction, the director now owns 68,128 shares of the company’s stock, valued at approximately $4,683,800. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lewis Phillip Kimble sold 43,479 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $65.40, for a total transaction of $2,843,526.60. Following the completion of the transaction, the chief executive officer now directly owns 26,131 shares in the company, valued at approximately $1,708,967.40. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in FL. NEXT Financial Group Inc boosted its position in shares of Foot Locker by 0.7% in the second quarter. NEXT Financial Group Inc now owns 4,530 shares of the company’s stock valued at $248,000 after buying an additional 30 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Foot Locker by 2.0% in the second quarter. Raymond James Trust N.A. now owns 3,819 shares of the company’s stock valued at $210,000 after buying an additional 76 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its position in shares of Foot Locker by 2.3% in the second quarter. Stock Yards Bank & Trust Co. now owns 38,233 shares of the company’s stock valued at $2,097,000 after buying an additional 850 shares during the last quarter. Fulton Bank N.A. boosted its position in shares of Foot Locker by 2.1% in the second quarter. Fulton Bank N.A. now owns 10,046 shares of the company’s stock valued at $551,000 after buying an additional 207 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position 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 during the last quarter. 94.55% of the stock is currently owned by institutional investors and hedge funds.

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