Shares of Foot Locker, Inc. (NYSE:FL) have been given a consensus rating of "Hold" by the twenty-one ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $65.37.
A number of equities analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Foot Locker in a research report on Thursday, September 30th. They set an "underperform" rating and a $45.00 target price on the stock. Zacks Investment Research lowered shares of Foot Locker from a "buy" rating to a "hold" rating and set a $58.00 target price on the stock. in a research report on Tuesday, August 10th. JPMorgan Chase & Co. dropped their target price on shares of Foot Locker from $68.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, October 18th. Robert W. Baird dropped their target price on shares of Foot Locker from $66.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, November 22nd. They noted that the move was a valuation call. Finally, Wedbush assumed coverage on shares of Foot Locker in a research report on Monday, October 4th. They set a "neutral" rating and a $51.00 target price on the stock.
In other news, Director Matthew M. Mckenna sold 10,214 shares of the company's stock in a transaction dated Monday, November 8th. The stock was sold at an average price of $52.97, for a total value of $541,035.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company's stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. IndexIQ Advisors LLC boosted its position in Foot Locker by 2.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 7,192 shares of the athletic footwear retailer's stock worth $443,000 after acquiring an additional 189 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Foot Locker by 0.3% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 78,080 shares of the athletic footwear retailer's stock worth $4,812,000 after acquiring an additional 200 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Foot Locker by 1.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 15,158 shares of the athletic footwear retailer's stock worth $692,000 after acquiring an additional 218 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its position in Foot Locker by 1.5% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 16,170 shares of the athletic footwear retailer's stock worth $997,000 after acquiring an additional 245 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in Foot Locker by 4.0% during the 2nd quarter. Stephens Inc. AR now owns 6,792 shares of the athletic footwear retailer's stock worth $419,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.
Shares of FL opened at $47.96 on Tuesday. The firm has a market cap of $4.98 billion, a PE ratio of 5.51, a PEG ratio of 0.20 and a beta of 1.43. The firm's 50 day moving average price is $49.81 and its 200 day moving average price is $55.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.91 and a current ratio of 1.65. Foot Locker has a twelve month low of $36.94 and a twelve month high of $66.71.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, November 19th. The athletic footwear retailer reported $1.93 EPS for the quarter, beating the Zacks' consensus estimate of $1.37 by $0.56. Foot Locker had a net margin of 10.37% and a return on equity of 25.89%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm posted $1.21 earnings per share. The company's quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Foot Locker will post 7.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 28th. Shareholders of record on Friday, January 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, January 13th. This represents a $1.20 annualized dividend and a yield of 2.50%. Foot Locker's dividend payout ratio is currently 13.78%.
Foot Locker Company Profile
Foot Locker, Inc engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific.
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