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

$22.30
-1.11 (-4.74 %)
(As of 03/29/2020 05:58 AM ET)
Today's Range
$21.06
Now: $22.30
$22.86
50-Day Range
$18.22
MA: $32.02
$41.46
52-Week Range
$17.46
Now: $22.30
$65.04
Volume2.36 million shs
Average Volume5.00 million shs
Market Capitalization$2.33 billion
P/E Ratio4.88
Dividend Yield6.49%
Beta0.86
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.
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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$8.01 billion
Cash Flow$6.54 per share
Book Value$23.72 per share

Profitability

Net Income$498 million

Miscellaneous

Employees49,331
Market Cap$2.33 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 stock has decreased by 10.9% and is now trading at $22.30. 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) issued its quarterly earnings results on Friday, February, 28th. The athletic footwear retailer reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.05. The athletic footwear retailer had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. Foot Locker had a return on equity of 21.48% and a net margin of 6.22%. Foot Locker's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior 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 declared a quarterly dividend on Thursday, February 20th. Stockholders of record on Friday, April 17th will be paid a dividend of $0.40 per share on Friday, May 1st. This represents a $1.60 annualized dividend and a yield of 7.17%. 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 of Directors has initiated a stock repurchase plan on Wednesday, February 20th 2019, which authorizes the company to buyback $1,200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 17.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

What price target have analysts set for FL?

20 brokerages have issued 12-month price objectives for Foot Locker's shares. Their forecasts range from $32.00 to $81.00. On average, they anticipate Foot Locker's stock price to reach $44.50 in the next twelve months. This suggests a possible upside of 99.6% 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?

News stories about FL stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Foot Locker earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned news stories about the athletic footwear retailer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutFoot Locker.

Are investors shorting Foot Locker?

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

Who are some of Foot Locker's key competitors?

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), Gilead Sciences (GILD), Cisco Systems (CSCO), Alibaba Group (BABA), Netflix (NFLX), Starbucks (SBUX), QUALCOMM (QCOM) and Visa (V).

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."

Who are Foot Locker's major shareholders?

Foot Locker's stock is owned by a number of institutional and retail investors. Top institutional investors 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 John A Maurer, Lauren B Peters, 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 activity 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 Alliancebernstein L.P., Norges Bank, Prudential Financial Inc., Schonfeld Strategic Advisors LLC, Renaissance Technologies LLC, Boston Partners, M&G Investment Management Ltd., and FMR LLC. View insider buying and selling activity 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 $22.30.

How big of a company is Foot Locker?

Foot Locker has a market capitalization of $2.33 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]


MarketBeat Community Rating for Foot Locker (NYSE FL)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  1,403 (Vote Outperform)
Underperform Votes:  909 (Vote Underperform)
Total Votes:  2,312
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 3/29/2020 by MarketBeat.com Staff

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