NYSE:FLFoot Locker Stock Price, Forecast & News

$18.32

-1.64 (-8.22 %)

(As of 04/3/2020 04:00 PM ET)

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Today's Range

$18.05

Now: $18.32▼

$20.32

50-Day Range

$18.22

MA: $29.32▼

$40.96

52-Week Range

$17.46

Now: $18.32▼

$65.04

Volume2.07 million shs

Average Volume3.43 million shs

Market Capitalization$1.91 billion

P/E Ratio4.01

Dividend Yield7.62%

Beta1.29

Foot Locker, Inc., through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02. The Direct-to-Customers segment sells athletic footwear, apparel, equipment, and team licensed merchandise for high school and other athletes through Internet and mobile sites, and catalogs. This segment operates sites for eastbay.com, final-score.com, and eastbayteamsales.com, as well as footlocker.com, ladyfootlocker.com, six02.com, kidsfootlocker.com, champssports.com, footaction.com, footlocker.ca, footlocker.eu, footlocker.au, runnerspoint.com, and sidestep-shoes.com. As of February 3, 2018, the company operated 3,310 stores in 24 countries in North America, Europe, Australia, and New Zealand, as well as 98 franchised Foot Locker stores in the Middle East and 14 franchised Runners Point stores in Germany. Foot Locker, Inc. was founded in 1879 and is headquartered in New York, New York.

Beat the Market (BTM) Rank^™

4.2 Analyst's Opinion

Consensus Rating
Foot Locker has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 10 buy ratings, 9 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $44.50, Foot Locker has a potential upside of 142.9% from its current price of $18.32.
Amount of Analyst Coverage
Foot Locker has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0 Community Rank

Outperform Votes
Foot Locker has received 1,407 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Foot Locker has received 912 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Foot Locker has received 60.67% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Foot Locker and other stocks. Vote “Outperform” if you believe FL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FL will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Foot Locker is a leading dividend payer. It pays a dividend yield of 7.62%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Foot Locker has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of Foot Locker is 30.83 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Foot Locker will have a dividend payout ratio of 30.04 % next year. This indicates that Foot Locker will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Foot Locker insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.40% of the stock of Foot Locker is held by insiders.
Percentage Held by Institutions
93.61% of the stock of Foot Locker is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Foot Locker are expected to grow by 18.78% in the coming year, from $4.26 to $5.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Foot Locker is 4.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Foot Locker is 4.01, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 14.55.
Price to Earnings Growth Ratio
Foot Locker has a PEG Ratio of 0.46. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Foot Locker has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.23 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Shoe stores

Sub-IndustryApparel Retail

SectorRetail/Wholesale

Current SymbolNYSE:FL

Previous Symbol

CUSIP34484910

CIK850209

Webhttp://www.footlocker-inc.com/

Phone212-720-3700

Debt

Debt-to-Equity Ratio1.13

Current Ratio2.00

Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio4.01

Forward P/E Ratio4.30

P/E Growth0.46

Sales & Book Value

Annual Sales$8.01 billion

Price / Sales0.24

Cash Flow$6.23 per share

Price / Cash Flow2.94

Book Value$23.65 per share

Price / Book0.77

Profitability

EPS (Most Recent Fiscal Year)$4.93

Net Income$498 million

Net Margins6.22%

Return on Equity21.49%

Return on Assets8.01%

Miscellaneous

Employees49,331

Outstanding Shares104,191,000

Market Cap$1.91 billion

Next Earnings Date5/22/2020 (Estimated)

OptionableOptionable

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Foot Locker (NYSE:FL) Frequently Asked Questions

How has Foot Locker's stock been impacted by COVID-19 (Coronavirus)?

Foot Locker's stock was trading at $25.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FL shares have decreased by 26.8% and is now trading at $18.32. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Foot Locker?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last year. There are currently 1 sell rating, 9 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Foot Locker.

When is Foot Locker's next earnings date?

Foot Locker is scheduled to release its next quarterly earnings announcement on Friday, May 22nd 2020. View our earnings forecast for Foot Locker.

How were Foot Locker's earnings last quarter?

Foot Locker, Inc. (NYSE:FL) announced its quarterly earnings results on Friday, February, 28th. The athletic footwear retailer reported $1.63 EPS for the quarter, beating the consensus estimate of $1.58 by $0.05. The athletic footwear retailer earned $2.22 billion during the quarter, compared to analyst estimates of $2.24 billion. Foot Locker had a return on equity of 21.49% and a net margin of 6.22%. The business's revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $1.56 earnings per share. View Foot Locker's earnings history.

How often does Foot Locker pay dividends? What is the dividend yield for Foot Locker?

Foot Locker announced a quarterly dividend on Thursday, February 20th. Shareholders of record on Friday, April 17th will be given a dividend of $0.40 per share on Friday, May 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.73%. The ex-dividend date is Thursday, April 16th. This is a positive change from Foot Locker's previous quarterly dividend of $0.38. View Foot Locker's dividend history.

How will Foot Locker's stock buyback program work?

Foot Locker announced that its board has approved a share repurchase plan on Wednesday, February 20th 2019, which authorizes the company to buyback $1,200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 17.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

What price target have analysts set for FL?

20 equities research analysts have issued twelve-month target prices for Foot Locker's shares. Their forecasts range from $32.00 to $81.00. On average, they expect Foot Locker's stock price to reach $44.50 in the next year. This suggests a possible upside of 142.9% from the stock's current price. View analysts' price targets for Foot Locker.

What are Wall Street analysts saying about Foot Locker stock?

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

1. Pivotal Research analysts commented, "We feel like 2Q19 was a mixed bag, with the puts/takes likely adding up to an in-line quarter. Probably the best news for FL is that, unlike many other retailers, the company has minimal weather exposure, so unforeseen margin pressure seems unlikely. We suspect that running was FL’s strongest comping footwear category, driven by solid Nike Air Max performance, the releases of a sequential uptick in adidas Boost. We also suspect that casual footwear was positive, albeit not as strong as last quarter, as Yeezy likely performed well, but Champion appear to have slowed." (8/20/2019)
2. Guggenheim analysts commented, "We were disappointed with today’s result and are refining our estimates/ lowering our price target to reflect a more muted outlook. However, we would use today’s share price weakness (-16% vs. S&P 500 up slightly) as an incremental opportunity to accumulate shares as we continue to believe valuation remains attractive (shares trade at ~9x our FY19E EPS) given our expectations for ~MSD% comp and EPS growth in FY19E. We are maintaining our BUY rating, but lower our PT to $60 from $75. After finishing FY18 with an impressive +9.7% in 4Q, FL drove +4.6% comp growth in 1Q19. While FL’s comp was one of the strongest in our group so far, it was below our expectations. Additionally, gross margin expansion was softer than expected, while the SG&A rate deleveraged at a more pronounced rate." (5/24/2019)

Has Foot Locker been receiving favorable news coverage?

Media coverage about FL stock has been trending very negative this week, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Foot Locker earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave media stories about the athletic footwear retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutFoot Locker.

Are investors shorting Foot Locker?

Foot Locker saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 10,450,000 shares, a drop of 15.4% from the February 27th total of 12,350,000 shares. Based on an average daily trading volume, of 3,070,000 shares, the short-interest ratio is currently 3.4 days. Approximately 11.0% of the shares of the company are sold short. View Foot Locker's Current Options Chain.

Who are some of Foot Locker's key competitors?

Some companies that are related to Foot Locker include TJX Companies (TJX), Ross Stores (ROST), GAP (GPS), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Buckle (BKE), Abercrombie & Fitch (ANF), Guess? (GES), Zumiez (ZUMZ), Designer Brands (DBI), Shoe Carnival (SCVL), Cato (CATO), Childrens Place (PLCE), Genesco (GCO) and Caleres (CAL).

What other stocks do shareholders of Foot Locker own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Foot Locker investors own include Intel (INTC), Walt Disney (DIS), Home Depot (HD), Cisco Systems (CSCO), Gilead Sciences (GILD), Alibaba Group (BABA), Netflix (NFLX), CVS Health (CVS), Micron Technology (MU) and QUALCOMM (QCOM).

Who are Foot Locker's key executives?

Foot Locker's management team includes the following people:

Mr. Richard A. Johnson, Chairman, Pres & CEO (Age 61)
Ms. Lauren B. Peters, Exec. VP & CFO (Age 57)
Mr. Pawan Verma, Exec. VP & Chief Information and Customer Connectivity Officer (Age 42)
Mr. Lewis Phillip Kimble, Exec. VP & CEO of International (Age 60)
Mr. Stephen D. Jacobs, Exec. VP & CEO of North America (Age 56)

What is Foot Locker's stock symbol?

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

How do I buy shares of Foot Locker?

Shares of FL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Foot Locker's stock price today?

One share of FL stock can currently be purchased for approximately $18.32.

How big of a company is Foot Locker?

Foot Locker has a market capitalization of $1.91 billion and generates $8.01 billion in revenue each year. The athletic footwear retailer earns $498 million in net income (profit) each year or $4.93 on an earnings per share basis. Foot Locker employs 49,331 workers across the globe. View additional information about Foot Locker.

What is Foot Locker's official website?

The official website for Foot Locker is http://www.footlocker-inc.com/.

How can I contact Foot Locker?

Foot Locker's mailing address is 330 WEST 34TH STREET, NEW YORK NY, 10001. The athletic footwear retailer can be reached via phone at 212-720-3700 or via email at [email protected]

This page was last updated on 4/4/2020 by MarketBeat.com Staff

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Beat the Market (BTM) Rank™

4.2 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

3.0 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment