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. Shareholders of record on Friday, October 13th will be given a dividend of $0.31 per share on Friday, October 27th. This represents a $1.24 annualized dividend and a yield of 3.69%. The ex-dividend date is Thursday, October 12th. View Foot Locker's Dividend History.

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

Foot Locker, Inc. (NYSE:FL) posted its quarterly earnings data on Friday, August, 18th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.90 by $0.28. The business had revenue of $1.70 billion for 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%. Foot Locker's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 brokers have issued twelve-month price targets for Foot Locker's shares. Their predictions range from $37.00 to $86.00. On average, they anticipate Foot Locker's share price to reach $63.27 in the next year. View Analyst Ratings for Foot Locker.

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

• 1. According to Zacks Investment Research, "Foot Locker, which has underperformed the industry in the past one month, has been witnessing a downtrend in estimates. This is due to dismal performance for the second straight quarter in fiscal 2017 and a bleak outlook. The company’s results in the second quarter were impacted by soft performance of “some recent top styles” and lack of innovative fresh products in the market. Challenging retail landscape and changing consumer spending pattern are making operating environment tough. Management now expects comparable sales to decline in the range of 3–4% in remaining part of 2017 with earnings per share projected to decrease in the band of 20–30% during the second half. Margins are also expected to remain pressured going forward. Nevertheless, we believe that building robust capabilities in direct-to-customer unit, rationalizing store fleet and improving supply chain infrastructure may provide cushion to the stock." (8/30/2017)
• 2. 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)
• 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)

Foot Locker saw a decrease in short interest in August. As of August 31st, there was short interest totalling 11,971,312 shares, a decrease of 18.3% from the August 15th total of 14,654,505 shares. Based on an average daily trading volume, of 9,971,413 shares, the days-to-cover ratio is currently 1.2 days. Approximately 9.2% of the shares of the company are sold short.

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

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 a variety of of institutional and retail investors. Top institutional investors 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, Matthew M Mckenna, Nicholas P Dipaolo and Paulette Alviti. View Insider Buying and Selling for Foot Locker.

Foot Locker's stock was purchased 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 $33.60.