NYSE:FL - Foot Locker Stock Price, News & Analysis

$38.80
+1.78 (+4.81 %)
(As of 08/16/2019 04:00 PM ET)
Today's Range
$36.82
Now: $38.80
$39.09
50-Day Range
$36.99
MA: $41.23
$43.24
52-Week Range
$36.81
Now: $38.80
$68.00
Volume2.70 million shs
Average Volume4.27 million shs
Market Capitalization$4.26 billion
P/E Ratio8.24
Dividend Yield4.00%
Beta0.98
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. Read More…

Industry, Sector and Symbol

Industry Shoe stores
Sub-IndustryApparel Retail
SectorRetail/Wholesale
CUSIP34484910
Phone212-720-3700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.94 billion
Cash Flow$6.5651 per share
Book Value$22.20 per share

Profitability

Net Income$541 million

Miscellaneous

Employees49,331
Market Cap$4.26 billion
Next Earnings Date8/23/2019 (Confirmed)
OptionableOptionable

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Foot Locker (NYSE:FL) Frequently Asked Questions

What is Foot Locker's stock symbol?

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

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

Foot Locker announced a quarterly dividend on Tuesday, May 21st. Investors of record on Friday, July 19th will be given a dividend of $0.38 per share on Friday, August 2nd. This represents a $1.52 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Thursday, July 18th. View Foot Locker's Dividend History.

How will Foot Locker's stock buyback program work?

Foot Locker declared that its board has approved a share repurchase program on Wednesday, February 20th 2019, which permits the company to buyback $1,200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 17.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

How were Foot Locker's earnings last quarter?

Foot Locker, Inc. (NYSE:FL) announced its quarterly earnings results on Friday, May, 24th. The athletic footwear retailer reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.61 by $0.08. The athletic footwear retailer earned $2.08 billion during the quarter, compared to analyst estimates of $2.11 billion. Foot Locker had a net margin of 6.86% and a return on equity of 21.75%. Foot Locker's revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 earnings per share. View Foot Locker's Earnings History.

When is Foot Locker's next earnings date?

Foot Locker is scheduled to release their next quarterly earnings announcement on Friday, August 23rd 2019. View Earnings Estimates for Foot Locker.

How can I listen to Foot Locker's earnings call?

Foot Locker will be holding an earnings conference call on Friday, August 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for FL?

17 brokerages have issued 12 month target prices for Foot Locker's stock. Their predictions range from $40.00 to $85.00. On average, they anticipate Foot Locker's stock price to reach $68.0588 in the next year. This suggests a possible upside of 75.4% from the stock's current price. View Analyst Price Targets for Foot Locker.

What is the consensus analysts' recommendation for Foot Locker?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last year. There are currently 4 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings 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 get it that nobody likes a miss and downward EPS revision. We also suspect that, as the revised EPS growth is very back-half weighted, many will question FL’s ability to achieve its downgraded outlook. But some perspective should be in order. On Friday’s sell off, FL’s shares have come down 25% from where they were heading into the company’s 4Q18 print less than three months ago. At that time, FY20 consensus SSS/EPS was +3.0%/$4.95. Following Friday’s debacle, numbers are coming down, but FY20 consensus SSS/EPS will probably still be higher than what they were before that 4Q18 print. For example, we’re now modeling and this is at the low end of FL’s +MSD%/+HSD% range." (5/28/2019)
  • 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)
  • 3. According to Zacks Investment Research, "Shares of Foot Locker have risen and outpaced the industry in a year's time. The company’s focus on development of supply chain, improvement of mobile and web platforms, implementation of new point-of-sale software worldwide, and expansion of data analytics capabilities bode well. The company also plans to spend a major portion of the capital on its fleet of stores, including revamping and remodeling of the same. Such efforts would help attain long-term goals that include sales of $10 billion and net income margin of 8.5%. The company’s third-quarter fiscal 2018 results are the testimony of the same, wherein both the top and bottom lines beat estimates. Although sales fell marginally, earnings grew on a year-over-year basis. However, the comapny has been witnessing an increasing trend in SG&A expenses for quite some time now. Management expects SG&A to rise in the fourth quarter that may strain margins to an extent." (2/4/2019)

Has Foot Locker been receiving favorable news coverage?

News articles about FL stock have been trending negative recently, according to InfoTrie. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Foot Locker earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned news coverage about the athletic footwear retailer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Foot Locker.

Are investors shorting Foot Locker?

Foot Locker saw a increase in short interest in July. As of July 15th, there was short interest totalling 12,381,400 shares, an increase of 12.2% from the June 15th total of 11,036,400 shares. Based on an average trading volume of 3,590,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 11.1% of the shares of the stock are short sold. 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 Designer Brands (DSW), Designer Brands (DBI), Boot Barn (BOOT), Genesco (GCO) and Shoe Carnival (SCVL).

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), Gilead Sciences (GILD), Alibaba Group (BABA), Home Depot (HD), Netflix (NFLX), Walt Disney (DIS), Micron Technology (MU), CVS Health (CVS), Cisco Systems (CSCO) and QUALCOMM (QCOM).

Who are Foot Locker's key executives?

Foot Locker's management team includes the folowing 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)

Who are Foot Locker's major shareholders?

Foot Locker's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.04%), BlackRock Inc. (6.64%), AQR Capital Management LLC (6.63%), LSV Asset Management (4.22%), Bank of New York Mellon Corp (3.34%) and Prudential Financial Inc. (2.07%). Company insiders that own Foot Locker stock include Giovanna Cipriano, Jarobin Gilbert Jr, John A Maurer, Lauren B Peters, Lewis Phillip Kimble, Matthew M Mckenna and Richard A Johnson. View Institutional Ownership Trends for Foot Locker.

Which major investors are selling Foot Locker stock?

FL stock was sold by a variety of institutional investors in the last quarter, including Man Group plc, Investec Asset Management LTD, Clark Capital Management Group Inc., Allianz Asset Management GmbH, Investec Asset Management North America Inc., Tyvor Capital LLC, Russell Investments Group Ltd. and Vanguard Group Inc.. Company insiders that have sold Foot Locker company stock in the last year include John A Maurer, Matthew M Mckenna and Richard A Johnson. View Insider Buying and Selling for Foot Locker.

Which major investors are buying Foot Locker stock?

FL stock was acquired by a variety of institutional investors in the last quarter, including Ruffer LLP, AQR Capital Management LLC, Prudential Financial Inc., Rockefeller Capital Management L.P., BlackRock Inc., LSV Asset Management, Nuveen Asset Management LLC and Skandinaviska Enskilda Banken AB publ . View Insider Buying and Selling for Foot Locker.

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, Scottrade, Fidelity and Charles Schwab.

What is Foot Locker's stock price today?

One share of FL stock can currently be purchased for approximately $38.80.

How big of a company is Foot Locker?

Foot Locker has a market capitalization of $4.26 billion and generates $7.94 billion in revenue each year. The athletic footwear retailer earns $541 million in net income (profit) each year or $4.71 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]


MarketBeat Community Rating for Foot Locker (NYSE FL)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  1,274 (Vote Outperform)
Underperform Votes:  770 (Vote Underperform)
Total Votes:  2,044
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.
This page was last updated on 8/17/2019 by MarketBeat.com Staff

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