NYSE:FLFoot Locker Stock Price, Forecast & News

$33.40

+0.89 (+2.74 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$33.24

Now: $33.40▼

$34.93

50-Day Range

$21.57

MA: $25.53▼

$31.10

52-Week Range

$17.46

Now: $33.40▼

$47.86

Volume2.28 million shs

Average Volume3.05 million shs

Market Capitalization$3.48 billion

P/E Ratio15.75

Dividend Yield4.92%

Beta1.34

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.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Foot Locker has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 9 buy ratings, 10 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $34.58, Foot Locker has a potential upside of 3.5% from its current price of $33.40.
Amount of Analyst Coverage
Foot Locker has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0 Community Rank

Outperform Votes
Foot Locker has received 1,413 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Foot Locker has received 925 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Foot Locker has received 60.44% “outperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
Foot Locker is a leading dividend payer. It pays a dividend yield of 4.92%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Foot Locker has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of Foot Locker is 32.45 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Foot Locker will have a dividend payout ratio of 50.47 % next year. This indicates that Foot Locker will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Foot Locker insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.40% of the stock of Foot Locker is held by insiders.
Percentage Held by Institutions
87.94% of the stock of Foot Locker is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Foot Locker are expected to grow by 395.31% in the coming year, from $0.64 to $3.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Foot Locker is 15.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Foot Locker is 15.75, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 44.50.
Price to Earnings Growth Ratio
Foot Locker has a PEG Ratio of 4.90. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Foot Locker has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.69 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Shoe stores

Sub-IndustryApparel Retail

SectorRetail/Wholesale

Current SymbolNYSE:FL

Previous Symbol

CUSIP34484910

CIK850209

Webwww.footlocker-inc.com

Phone212-720-3700

Debt

Debt-to-Equity Ratio1.17

Current Ratio1.67

Quick Ratio0.78

Price-To-Earnings

Trailing P/E Ratio15.75

Forward P/E Ratio52.19

P/E Growth4.9

Sales & Book Value

Annual Sales$8.01 billion

Price / Sales0.43

Cash Flow$7.05 per share

Price / Cash Flow4.74

Book Value$22.32 per share

Price / Book1.50

Profitability

EPS (Most Recent Fiscal Year)$4.93

Net Income$491 million

Net Margins3.21%

Return on Equity12.12%

Return on Assets4.41%

Miscellaneous

Employees50,999

Outstanding Shares104,190,000

Market Cap$3.48 billion

Next Earnings Date8/28/2020 (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 reached pandemic status according to the World Health Organization (WHO). Since then, FL shares have increased by 33.4% and is now trading at $33.40. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Foot Locker?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Foot Locker in the last year. There are currently 2 sell ratings, 10 hold ratings and 9 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, August 28th 2020. View our earnings forecast for Foot Locker.

How were Foot Locker's earnings last quarter?

Foot Locker, Inc. (NYSE:FL) posted its quarterly earnings data on Friday, May, 22nd. The athletic footwear retailer reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.50. The athletic footwear retailer earned $1.18 billion during the quarter, compared to analyst estimates of $1.31 billion. Foot Locker had a net margin of 3.21% and a return on equity of 12.12%. The company's revenue was down 43.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 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 announced a quarterly dividend on Thursday, February 20th. Investors 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 dividend on an annualized basis and a dividend yield of 4.79%. 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 has approved a share repurchase program 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 purchase up to 17.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

What price target have analysts set for FL?

21 Wall Street analysts have issued twelve-month target prices for Foot Locker's shares. Their forecasts range from $20.00 to $53.00. On average, they anticipate Foot Locker's share price to reach $34.58 in the next twelve months. This suggests a possible upside of 3.5% 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. According to Zacks Investment Research, "Shares of Foot Locker have outperformed the industry in the past three months. The company’s focus on development of supply chain, improvement of mobile and web platforms and expansion of data analytics capabilities are worth mentioning. It remains determined to spend capital on its fleet of stores, including revamping and remodeling of the same. No wonder, the company has been taking measures to strengthen its financial position amid the coronavirus outbreak and also focusing on restructuring activities. Certainly, closure of stores hurt the company’s first-quarter fiscal 2020 performance. Nonetheless, the company’s DTC channel strengthened and posted a gain of 14.3% during the quarter. We believe that the company’s well-known brands, geographical diversification and sufficient liquidity bode well from long-term perspective." (6/5/2020)
2. 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)

Has Foot Locker been receiving favorable news coverage?

News headlines about FL stock have trended extremely negative this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Foot Locker earned a coverage optimism score of -4.4 on InfoTrie's scale. They also assigned media stories about the athletic footwear retailer a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the near future. View the latest news aboutFoot Locker.

Are investors shorting Foot Locker?

Foot Locker saw a decline in short interest in May. As of May 15th, there was short interest totaling 8,640,000 shares, a decline of 6.1% from the April 30th total of 9,200,000 shares. Based on an average daily trading volume, of 3,360,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 8.4% of the shares of the company are short sold. 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), American Eagle Outfitters (AEO), Urban Outfitters (URBN), Buckle (BKE), Abercrombie & Fitch (ANF), Guess? (GES), Zumiez (ZUMZ), Childrens Place (PLCE), Designer Brands (DBI), Shoe Carnival (SCVL), Caleres (CAL), Genesco (GCO) and Cato (CATO). View all 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), Cisco Systems (CSCO), Gilead Sciences (GILD), Alibaba Group (BABA), CVS Health (CVS), Netflix (NFLX), Starbucks (SBUX) and QUALCOMM (QCOM).

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.32%), State Street Corp (2.75%), Ruffer LLP (2.66%), Alliancebernstein L.P. (2.66%), AQR Capital Management LLC (2.35%) and Bank of New York Mellon Corp (1.84%). Company insiders that own Foot Locker stock include John A Maurer, 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 AQR Capital Management LLC, Rockefeller Capital Management L.P., APG Asset Management N.V., APG Asset Management N.V., BlackRock Inc., Clearbridge Investments LLC, Legal & General Group Plc, and Morgan Stanley. 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., Victory Capital Management Inc., Victory Capital Management Inc., Towle & Co., APG Asset Management N.V., Schroder Investment Management Group, Wellington Management Group LLP, and Mackay Shields 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 $33.40.

How big of a company is Foot Locker?

Foot Locker has a market capitalization of $3.48 billion and generates $8.01 billion in revenue each year. The athletic footwear retailer earns $491 million in net income (profit) each year or $4.93 on an earnings per share basis. Foot Locker employs 50,999 workers across the globe.

What is Foot Locker's official website?

The official website for Foot Locker is 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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff