Foot Locker Company Profile (NYSE:FL)

Foot Locker trades on the New York Stock Exchange (NYSE) under the ticker symbol "FL."

Foot Locker declared a quarterly dividend on Tuesday, May 16th. Shareholders of record on Friday, July 14th will be given a dividend of $0.31 per share on Friday, July 28th. This represents a $1.24 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Wednesday, July 12th. View Foot Locker's Dividend History.

Foot Locker announced that its Board of Directors has approved a share buyback program on Thursday, April 6th 2017, which allows the company to buyback $1,200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 12.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

Foot Locker, Inc. (NYSE:FL) released its quarterly earnings data on Friday, August, 19th. The company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.90 by $0.04. The company earned $1.78 billion during the quarter, compared to analyst estimates of $1.76 billion. Foot Locker had a return on equity of 23.87% and a net margin of 8.39%. Foot Locker's revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. View Foot Locker's Earnings History.

Foot Locker is scheduled to release their next quarterly earnings announcement on Thursday, August, 17th 2017. View Earnings Estimates for Foot Locker.

23 equities research analysts have issued 12 month price objectives for Foot Locker's stock. Their predictions range from $54.85 to $89.00. On average, they expect Foot Locker's share price to reach $74.09 in the next year. View Analyst Ratings for Foot Locker.

Here are some recent quotes from research analysts about Foot Locker stock:

• 1. According to Zacks Investment Research, "Foot Locker, which has underperformed the industry in the past three months, has been witnessing a downtrend in estimates. This is due to dismal first quarter performance and a not so encouraging outlook for the second quarter and fiscal 2017. Delay in tax refunds broke the positive earnings surprise streak of Foot Locker, as earnings missed the estimate in the first quarter. We further noticed that total sales and comps grew marginally in the first quarter of fiscal 2017, which is in sharp contrast to the company’s performance in fiscal 2016. Nevertheless, management is working on all aspects to attain mid-single digit earnings per share growth in fiscal 2017 backed by effective implementation of operational and financial initiatives. We believe that continuous exploitation of opportunities such as children’s business, shop-in-shop expansion, store banner.com business, store refurbishment and enhancement of assortments, bode well." (7/7/2017)
• 2. Deutsche Bank AG analysts commented, "Tgt USD90 to USD89. Yesterday, we hosted Foot Locker CEO Richard Johnson & Treasurer/IR John Maurer for a series of meetings in NYC. We walked away reassured FL has enough 'cool' in the pipeline from the vendors to maintain its growth algorithm long-term, despite changes in category/brand trends. With nearly 50% of the assortment exclusive across brands, FL stores remain a destination for the often "paying with cash" teen consumer. The meeting was overwhelmingly positive regarding competitive position, vendor relationships, & ROI of initiatives; that said, we are using this update to lower our 1Q comp toward cons., based on our checks & conclusions of the current environment." (3/24/2017)
• 3. Canaccord Genuity analysts commented, "FL reported solid Q4 adj. EPS of $1.37, handily beating our $1.30 estimate and consensus of $1.32. Broad-based strength across categories (footwear and apparel both up +MSD) and banners (FL US +MSD, Foot Action +MSD, Champs +HSD) drove a +5% comp in Q4. In addition, gross margin expanded by +11bps and SG&A levered by 59bps. We are impressed both by FL's ability to drive positive store traffic in the US despite a challenging retail environment, and by its ability to execute with such consistency quarter after quarter, year after year. We believe this is reflective of a sound strategy that encompasses a built-in feedback mechanism to spot trends (i.e. Foot Action and FL Europe), a strong buying team that can flex between categories and brands, and a distinct store experience that inspires its consumers to visit stores. That all said, tax refund delays have caused 1Q17 comps trends to start off slow. Once those refunds begin to flow, we fully expect comps to reaccelerate as athletic footwear trends remain robust. As such, we believe FL's ability to achieve its 2017 guidance of +MSD comp and +DD EPS growth is undeterred. Supporting our thesis are: (1) a strong product pipeline from key brands (Adidas, Puma leading the way), (2) store remodels (40% FL US completed thus far, 1/3 FL Europe, less than 40% Champs, and 1/4 Foot Action), (3) momentum in women's, (4) systems implementations (new e-commerce platform, new POS system, order planning), and (5) improving profitability in apparel. Lastly, FL's active capital return philosophy and recently announced new $1.2B buyback program make it a core growth holding, in our view. We reiterate FL as one of our top picks for 2017, and raise our PT to $87 (based on a blend of 15x 2018E EPS, 7x EBITDA, and DCF)." (2/27/2017)
• 4. Wedbush analysts commented, "FL's 4Q16 and FY17 outlook continues to illustrate that the company is executing despite the difficult backdrop through effective merchandising, inventory control and expense management. They simply know who their customer is and what they want. With no surprise 1Q17 has gotten off to a slow start due to the timing of tax refund checks but we strongly believe this has nothing to do with the fundamentals of the company and expect business to improve throughout 1Q17. We reiterate our OUTPERFORM rating and are increasing our price target to $84 from $81." (2/27/2017)

Some companies that are related to Foot Locker include Gap, Inc. (The) (GPS), Burberry Group plc (BRBY), Michael Kors Holdings Limited (KORS), ASOS plc (ASC), Carter's (CRI), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Ted Baker plc (TED), Guess? (GES), N Brown Group plc (BWNG), Buckle, Inc. (The) (BKE), Abercrombie & Fitch Company (ANF), Genesco (GCO), Express (EXPR), Ascena Retail Group (ASNA), Lands' End (LE), Francesca's Holdings Corporation (FRAN) and Citi Trends (CTRN).

Foot Locker's management team includes the folowing people:

• Richard A. Johnson, Chairman of the Board, President, Chief Executive Officer
• Lauren B. Peters, Chief Financial Officer, Executive Vice President
• Paulette R. Alviti, Chief Human Resources Officer, Senior Vice President
• Stephen D. Jacobs, Executive Vice President; Chief Executive Officer , North America
• Lewis Phillip Kimble, Executive Vice President and Chief Executive Officer - International
• Giovanna Cipriano, Senior Vice President, Chief Accounting Officer
• Pawan Verma, Senior Vice President, Chief Information Officer
• Sheilagh M. Clarke, Senior Vice President, General Counsel, Secretary
• W. Scott Martin, Senior Vice President - Real Estate
• John A. Maurer, Vice President - Investor Relations, Treasurer

Foot Locker's stock is owned by many different of retail and institutional investors. Top institutional investors include APG Asset Management N.V. (1.90%), Congress Asset Management Co. MA (0.68%), Rothschild Asset Management Inc. (0.42%), NN Investment Partners Holdings N.V. (0.40%), PGGM Investments (0.38%) and AMF Pensionsforsakring AB (0.31%). Company insiders that own Foot Locker stock include Cheryl N Turpin, Giovanna Cipriano, Jarobin Gilbert Jr, Lauren B Peters, Lewis Phillip Kimble, Matthew M Mckenna, Nicholas P Dipaolo, Paulette Alviti, Richard A Johnson and Robert W Mchugh. View Institutional Ownership Trends for Foot Locker.

Foot Locker's stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc., Bank of Montreal Can, PGGM Investments, Russell Investments Group Ltd., NN Investment Partners Holdings N.V., NGAM Advisors L.P., State of Alaska Department of Revenue and Middleton & Co Inc MA. Company insiders that have sold Foot Locker stock in the last year include Cheryl N Turpin, Jarobin Gilbert Jr, Lauren B Peters, Lewis Phillip Kimble, Matthew M Mckenna, Nicholas P Dipaolo, Paulette Alviti and Richard A Johnson. View Insider Buying and Selling for Foot Locker.

Foot Locker's stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Rothschild Asset Management Inc., Gradient Investments LLC, Great West Life Assurance Co. Can, Affinity Investment Advisors LLC, Fenimore Asset Management Inc., Congress Asset Management Co. MA and Deltec Asset Management LLC. View Insider Buying and Selling for Foot Locker.

Shares of Foot Locker can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Foot Locker stock can currently be purchased for approximately $47.25.