About Foot Locker (NYSE:FL)
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.
Industry, Sector and Symbol
Industry Shoe stores
Sub-IndustryApparel Retail
SectorRetail/Wholesale
SymbolNYSE:FL
CUSIP34484910
Phone212-720-3700
Debt
Debt-to-Equity Ratio0.05
Current Ratio3.89
Quick Ratio2.04
Price-To-Earnings
Trailing P/E Ratio13.60
Forward P/E Ratio12.31
P/E Growth1.9
Sales & Book Value
Annual Sales$7.78 billion
Price / Sales0.84
Cash Flow$5.6694 per share
Price / Cash9.86
Book Value$20.78 per share
Price / Book2.69
Profitability
EPS (Most Recent Fiscal Year)$4.11
Net Income$284 million
Net Margins3.45%
Return on Equity19.60%
Return on Assets13.26%
Miscellaneous
Employees49,209
Outstanding Shares116,910,000
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 22nd. Investors of record on Friday, July 20th will be given a dividend of $0.345 per share on Friday, August 3rd. This represents a $1.38 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, July 19th. View Foot Locker's Dividend History.
How will Foot Locker's stock buyback program work?
Foot Locker announced that its board has approved a stock buyback plan on Thursday, April 6th 2017, which authorizes the company to buyback $1,200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 12.9% of its stock through open market purchases. Stock buyback plans are often 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) posted its quarterly earnings data on Friday, May, 25th. The athletic footwear retailer reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.20. The athletic footwear retailer had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.96 billion. Foot Locker had a return on equity of 19.60% and a net margin of 3.45%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. View Foot Locker's Earnings History.
When is Foot Locker's next earnings date?
What price target have analysts set for FL?
26 Wall Street analysts have issued 12 month price objectives for Foot Locker's stock. Their forecasts range from $40.00 to $70.00. On average, they anticipate Foot Locker's share price to reach $56.0870 in the next twelve months. 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. Canaccord Genuity analysts commented, "FL will report FQ1 results on Friday, May 25 BMO. We are projecting EPS of $1.23 vs. $1.25 consensus on a comp decline of -4%, relatively in line with consensus (-3.9%) and guidance of similar to or worse than 2H17 (-3.7%). While our -4% comp estimate reflects a significant sequential deceleration on a two-year basis and guidance likely has some conservatism built in, we do not see material upside to our estimate due to 1) the pullback in Jordan supply by Nike, 2) moderating sell-throughs in key Adidas platforms like NMD exacerbated by a light launch calendar in Q1, 3) tough comparisons in women’s footwear due to strong sell-throughs of Puma’s Fenty last year, and 4) insufficient depth in Nike’s new platforms Epic React." (5/22/2018)
- 2. Pivotal Research analysts commented, "2018 BOTTOM LINE: FL reports 1Q18 on Friday, May 25 th before the market opens. We’re modeling 1Q18 and FY18 in line with guidance, which reflects weak quarterly results and not much improvement over the balance of the year. We remain optimistic that the year will be better than FL’s plan, as the product pipeline improves, down-trending franchises become less of a pressure point, and margins recover on cleaner inventory." (5/22/2018)
- 3. According to Zacks Investment Research, "Shares of Foot Locker came under pressure, in spite of reporting positive earnings surprise for the second straight quarter during fourth-quarter fiscal 2017. This was due to lower-than-expected top-line results and a muted outlook for the first quarter with comparable sales and margins expected to remain soft. Nevertheless, the company is trying to improve performance through operational and financial initiatives, which is likely to provide cushion to the stock. The company now focuses 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. Apart from these, the company plans to spend a major portion of the capital on its fleet of stores, including revamping and remodeling of the same. Further, it is exploring off-mall retail formats opportunities and executing shop-in-shop spaces in collaboration with vendors." (5/7/2018)
- 4. Guggenheim analysts commented, "We see additional upside potential in a more controlled Jordan marketplace and Nike/Adi’s speed initiatives." (3/2/2018)
Who are some of Foot Locker's key competitors?
Who are Foot Locker's key executives?
Foot Locker's management team includes the folowing people:
- Mr. Richard A. Johnson, Chairman, Pres & CEO (Age 60)
- Ms. Lauren B. Peters, Exec. VP & CFO (Age 56)
- Ms. Paulette R. Alviti, Sr. VP & Chief HR Officer (Age 47)
- Mr. Lewis Phillip Kimble, Exec. VP & CEO of International (Age 59)
- Mr. Stephen D. Jacobs, Exec. VP & CEO of North America (Age 55)
Has Foot Locker been receiving favorable news coverage?
Media coverage about FL stock has been trending somewhat positive on Monday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Foot Locker earned a media sentiment score of 0.13 on Accern's scale. They also gave media stories about the athletic footwear retailer an impact score of 46.85 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Foot Locker's major shareholders?
Foot Locker's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.94%), Northern Trust Corp (1.42%), Dimensional Fund Advisors LP (1.41%), LSV Asset Management (1.00%), Rockefeller Capital Management L.P. (0.99%) and Millennium Management LLC (0.97%). 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 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 Millennium Management LLC, Boston Partners, Royal Bank of Canada, Amundi Pioneer Asset Management Inc., Prudential Financial Inc., BlackRock Inc., Allianz Asset Management GmbH and Allianz Asset Management GmbH. Company insiders that have sold Foot Locker company stock in the last year include Giovanna Cipriano, Jarobin Gilbert Jr, Lauren B Peters, Lewis Phillip Kimble, 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 Rockefeller Capital Management L.P., Thompson Siegel & Walmsley LLC, Mackay Shields LLC, Systematic Financial Management LP, Smith Asset Management Group LP, Lord Abbett & CO. LLC, Schwab Charles Investment Management Inc. and Todd Asset Management LLC. 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 $55.90.
How big of a company is Foot Locker?
Foot Locker has a market capitalization of $6.65 billion and generates $7.78 billion in revenue each year. The athletic footwear retailer earns $284 million in net income (profit) each year or $4.11 on an earnings per share basis. Foot Locker employs 49,209 workers across the globe.
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 (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.
