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 Date3/6/2020 (Estimated)
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 declared a quarterly dividend on Tuesday, November 19th. Stockholders of record on Friday, January 17th will be given a dividend of $0.38 per share on Friday, January 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, January 16th. 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 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 purchase up to 17.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.
How were Foot Locker's earnings last quarter?
Foot Locker, Inc. (NYSE:FL) released its quarterly earnings data on Friday, November, 22nd. The athletic footwear retailer reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.07 by $0.06. The athletic footwear retailer had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. Foot Locker had a net margin of 6.39% and a return on equity of 21.66%. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 EPS. View Foot Locker's Earnings History.
When is Foot Locker's next earnings date?
What price target have analysts set for FL?
20 analysts have issued twelve-month target prices for Foot Locker's stock. Their forecasts range from $33.00 to $81.00. On average, they anticipate Foot Locker's share price to reach $52.42 in the next twelve months. This suggests a possible upside of 34.9% from the stock's current price. View Analyst Price Targets for Foot Locker.
What is the consensus analysts' recommendation for 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, 8 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)
- 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 coverage about FL stock has been trending positive recently, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Foot Locker earned a news impact score of 2.6 on InfoTrie's scale. They also gave media headlines about the athletic footwear retailer a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for Foot Locker.
Are investors shorting Foot Locker?
Foot Locker saw a decline in short interest during the month of December. As of December 13th, there was short interest totalling 8,840,000 shares, a decline of 6.3% from the November 28th total of 9,430,000 shares. Based on an average daily volume of 2,520,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 8.5% of the company's shares 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), Guess? (GES), Buckle (BKE), Designer Brands (DBI), Abercrombie & Fitch (ANF), Childrens Place (PLCE), Zumiez (ZUMZ), Caleres (CAL), Genesco (GCO), Shoe Carnival (SCVL) and Chico's FAS (CHS).
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 a number of of retail and institutional investors. Top institutional investors include California Public Employees Retirement System (0.26%), New York State Teachers Retirement System (0.17%), Commerzbank Aktiengesellschaft FI (0.09%), Empowered Funds LLC (0.06%), Arizona State Retirement System (0.06%) and Sciencast Management LP (0.05%). 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 Nisa Investment Advisors LLC, Arizona State Retirement System, Empirical Finance LLC, Edmp Inc., New England Research & Management Inc., State of Alaska Department of Revenue, Wedge Capital Management L L P NC and Eqis Capital Management Inc.. Company insiders that have sold Foot Locker company stock in the last year include Matthew M Mckenna and Richard A Johnson. View Insider Buying and Selling for Foot Locker.
Which institutional investors are buying Foot Locker stock?
FL stock was acquired by a variety of institutional investors in the last quarter, including Sciencast Management LP, Meritage Portfolio Management, Commerzbank Aktiengesellschaft FI, Virginia Retirement Systems ET AL, California Public Employees Retirement System, OLD National Bancorp IN, Camelot Portfolios LLC and Dupont Capital Management Corp. 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 $38.85.
How big of a company is Foot Locker?
Foot Locker has a market capitalization of $4.06 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.
