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.
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Industry, Sector and Symbol
Industry Shoe stores
Sub-IndustryApparel Retail
SectorRetail/Wholesale
Phone212-720-3700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$7.94 billion
Profitability
Miscellaneous
Employees49,331
Next Earnings Date2/28/2020 (Confirmed)
OptionableOptionable
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 Thursday, February 20th. Investors 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 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Thursday, April 16th. This is a boost 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 declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 20th 2019, which authorizes the company to repurchase $1,200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 17.7% of its shares through open market purchases. Shares repurchase plans are usually 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) issued its earnings results on Friday, February, 28th. The athletic footwear retailer reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.05. The athletic footwear retailer earned $2.22 billion during the quarter, compared to the consensus estimate of $2.24 billion. Foot Locker had a return on equity of 21.66% and a net margin of 6.39%. Foot Locker's quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.56 EPS. View Foot Locker's Earnings History.
When is Foot Locker's next earnings date?
What price target have analysts set for FL?
19 Wall Street analysts have issued 12 month price objectives for Foot Locker's stock. Their forecasts range from $33.00 to $81.00. On average, they expect Foot Locker's share price to reach $48.44 in the next year. This suggests a possible upside of 36.2% from the stock's current price. View Analyst Price Targets for Foot Locker.
What is the consensus analysts' recommendation for Foot Locker?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last year. There are currently 1 sell rating, 7 hold ratings and 11 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 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 headlines about FL stock have trended extremely negative this week, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Foot Locker earned a daily sentiment score of -4.4 on InfoTrie's scale. They also gave press coverage about the athletic footwear retailer a news buzz of 0.0 out of 10, meaning 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 January. As of January 31st, there was short interest totalling 12,870,000 shares, an increase of 53.2% from the January 15th total of 8,400,000 shares. Based on an average daily volume of 2,740,000 shares, the days-to-cover ratio is presently 4.7 days. Approximately 12.4% of the company's stock 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), Guess? (GES), Designer Brands (DBI), Childrens Place (PLCE), Abercrombie & Fitch (ANF), Zumiez (ZUMZ), Genesco (GCO), Chico's FAS (CHS), Caleres (CAL) and Shoe Carnival (SCVL).
What other stocks do shareholders of Foot Locker own?
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 many different of retail and institutional investors. Top institutional shareholders include LSV Asset Management (4.86%), AQR Capital Management LLC (3.86%), Lord Abbett & CO. LLC (3.47%), State Street Corp (2.76%), Ruffer LLP (2.65%) and Bank of New York Mellon Corp (2.01%). Company insiders that own Foot Locker stock include 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 institutional investors are selling Foot Locker stock?
FL stock was sold by a variety of institutional investors in the last quarter, including Ruffer LLP, Bank of New York Mellon Corp, AQR Capital Management LLC, Lord Abbett & CO. LLC, Maverick Capital Ltd., Marshall Wace North America L.P., American International Group Inc. and Bank of Montreal Can. View Insider Buying and Selling for Foot Locker.
Which institutional investors are buying Foot Locker stock?
FL stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Prudential Financial Inc., Schonfeld Strategic Advisors LLC, Renaissance Technologies LLC, Boston Partners, M&G Investment Management Ltd., FMR LLC and Man Group plc. 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, Robinhood, Fidelity and Charles Schwab.
What is Foot Locker's stock price today?
One share of FL stock can currently be purchased for approximately $35.56.
How big of a company is Foot Locker?
Foot Locker has a market capitalization of $3.72 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?
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)
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.
