Foot Locker Company Profile (NYSE:FL)

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

Foot Locker declared a quarterly dividend on Wednesday, August 16th. Stockholders of record on Friday, October 13th will be paid a dividend of $0.31 per share on Friday, October 27th. This represents a $1.24 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Thursday, October 12th. View Foot Locker's Dividend History.

Foot Locker declared that its board has initiated a stock buyback plan on Thursday, April 6th 2017, which authorizes the company to buyback $1,200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 12.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Foot Locker, Inc. (NYSE:FL) released its quarterly earnings results on Friday, August, 18th. The company reported $0.62 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.90 by $0.28. The business earned $1.70 billion during the quarter, compared to analyst estimates of $1.80 billion. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The business's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 EPS. View Foot Locker's Earnings History.

Foot Locker is scheduled to release their next quarterly earnings announcement on Thursday, November, 16th 2017. View Earnings Estimates for Foot Locker.

24 equities research analysts have issued 1-year price targets for Foot Locker's stock. Their forecasts range from $37.00 to $86.00. On average, they expect Foot Locker's share price to reach $64.63 in the next year. View Analyst Ratings for Foot Locker.

Here are some recent quotes from research analysts about Foot Locker stock:

• 1. FBR & Co analysts commented, "We are reiterating our Buy rating, estimates and $13 price target for 1-800- FLOWERS.COM with the company announcing 4QFY17 (June) results before the open on Thursday. Although 4Q is traditionally an unimportant quarter with virtually no major gifting events, we believe it is important for 1-800-FLOWERS.COM, after a disastrous quarter by direct competitor FTD, to demonstrate it is taking share in floral (as opposed to the segment shrinking); we believe they will register solid floral growth. Further, we remain positive on the potential for upside from the initial FY18 guide, which should register better Holiday results with Harry & David and continued solid floral results." (8/21/2017)
• 2. According to Zacks Investment Research, "Foot Locker, which has underperformed the industry in the past three months, has been witnessing a downtrend in estimates. This is due to dismal first quarter performance and a not so encouraging outlook for the second quarter and fiscal 2017. Delay in tax refunds broke the positive earnings surprise streak of Foot Locker, as earnings missed the estimate in the first quarter. We further noticed that total sales and comps grew marginally in the first quarter of fiscal 2017, which is in sharp contrast to the company’s performance in fiscal 2016. Nevertheless, management is working on all aspects to attain mid-single digit earnings per share growth in fiscal 2017 backed by effective implementation of operational and financial initiatives. We believe that continuous exploitation of opportunities such as children’s business, shop-in-shop expansion, store banner.com business, store refurbishment and enhancement of assortments, bode well." (8/10/2017)
• 3. Deutsche Bank AG analysts commented, "Tgt USD90 to USD89. Yesterday, we hosted Foot Locker CEO Richard Johnson & Treasurer/IR John Maurer for a series of meetings in NYC. We walked away reassured FL has enough 'cool' in the pipeline from the vendors to maintain its growth algorithm long-term, despite changes in category/brand trends. With nearly 50% of the assortment exclusive across brands, FL stores remain a destination for the often "paying with cash" teen consumer. The meeting was overwhelmingly positive regarding competitive position, vendor relationships, & ROI of initiatives; that said, we are using this update to lower our 1Q comp toward cons., based on our checks & conclusions of the current environment." (3/24/2017)
• 4. Canaccord Genuity analysts commented, "FL reported solid Q4 adj. EPS of $1.37, handily beating our $1.30 estimate and consensus of $1.32. Broad-based strength across categories (footwear and apparel both up +MSD) and banners (FL US +MSD, Foot Action +MSD, Champs +HSD) drove a +5% comp in Q4. In addition, gross margin expanded by +11bps and SG&A levered by 59bps. We are impressed both by FL's ability to drive positive store traffic in the US despite a challenging retail environment, and by its ability to execute with such consistency quarter after quarter, year after year. We believe this is reflective of a sound strategy that encompasses a built-in feedback mechanism to spot trends (i.e. Foot Action and FL Europe), a strong buying team that can flex between categories and brands, and a distinct store experience that inspires its consumers to visit stores. That all said, tax refund delays have caused 1Q17 comps trends to start off slow. Once those refunds begin to flow, we fully expect comps to reaccelerate as athletic footwear trends remain robust. As such, we believe FL's ability to achieve its 2017 guidance of +MSD comp and +DD EPS growth is undeterred. Supporting our thesis are: (1) a strong product pipeline from key brands (Adidas, Puma leading the way), (2) store remodels (40% FL US completed thus far, 1/3 FL Europe, less than 40% Champs, and 1/4 Foot Action), (3) momentum in women's, (4) systems implementations (new e-commerce platform, new POS system, order planning), and (5) improving profitability in apparel. Lastly, FL's active capital return philosophy and recently announced new $1.2B buyback program make it a core growth holding, in our view. We reiterate FL as one of our top picks for 2017, and raise our PT to $87 (based on a blend of 15x 2018E EPS, 7x EBITDA, and DCF)." (2/27/2017)
• 5. Wedbush analysts commented, "FL's 4Q16 and FY17 outlook continues to illustrate that the company is executing despite the difficult backdrop through effective merchandising, inventory control and expense management. They simply know who their customer is and what they want. With no surprise 1Q17 has gotten off to a slow start due to the timing of tax refund checks but we strongly believe this has nothing to do with the fundamentals of the company and expect business to improve throughout 1Q17. We reiterate our OUTPERFORM rating and are increasing our price target to $84 from $81." (2/27/2017)

Some companies that are related to Foot Locker include Gap, Inc. (The) (GPS), Burberry Group plc (BRBY), Michael Kors Holdings Limited (KORS), ASOS plc (ASC), Carter's (CRI), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Ted Baker plc (TED), Guess? (GES), N Brown Group plc (BWNG), Buckle, Inc. (The) (BKE), Abercrombie & Fitch Company (ANF), Genesco (GCO), Express (EXPR), Lands' End (LE), Ascena Retail Group (ASNA), Francesca's Holdings Corporation (FRAN) and Joules Group PLC (JOUL).

Foot Locker's management team includes the folowing people:

• Richard A. Johnson, Chairman of the Board, President, Chief Executive Officer
• Lauren B. Peters, Chief Financial Officer, Executive Vice President
• Paulette R. Alviti, Chief Human Resources Officer, Senior Vice President
• Stephen D. Jacobs, Executive Vice President; Chief Executive Officer , North America
• Lewis Phillip Kimble, Executive Vice President and Chief Executive Officer - International
• Giovanna Cipriano, Senior Vice President, Chief Accounting Officer
• Pawan Verma, Senior Vice President, Chief Information Officer
• Sheilagh M. Clarke, Senior Vice President, General Counsel, Secretary
• W. Scott Martin, Senior Vice President - Real Estate
• John A. Maurer, Vice President - Investor Relations, Treasurer

Foot Locker's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.04%), BlackRock Inc. (6.79%), Harris Associates L P (4.57%), State Street Corp (4.43%), FMR LLC (2.14%) and Bank of New York Mellon Corp (2.07%). 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, Richard A Johnson and Robert W Mchugh. View Institutional Ownership Trends for Foot Locker.

Foot Locker's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Voya Investment Management LLC, TIAA CREF Investment Management LLC, HAP Trading LLC, Teachers Retirement System of The State of Kentucky, Nordea Investment Management AB, State Street Corp and James Investment Research Inc.. Company insiders that have sold Foot Locker stock in the last year include Cheryl N Turpin, Jarobin Gilbert Jr, Lauren B Peters, Lewis Phillip Kimble, Matthew M Mckenna, Nicholas P Dipaolo and Paulette Alviti. View Insider Buying and Selling for Foot Locker.

Foot Locker's stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Koch Industries Inc., Canada Pension Plan Investment Board, Marshall Wace North America L.P., APG Asset Management N.V., New Mountain Vantage Advisers L.L.C., Rothschild Asset Management Inc. and JPMorgan Chase & Co.. View Insider Buying and Selling for Foot Locker.

Shares of Foot Locker can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Foot Locker stock can currently be purchased for approximately $31.82.