Wedbush reiterated their outperform rating on shares of Foot Locker, Inc. (NYSE:FL) in a research note released on Tuesday. Wedbush currently has a $80.00 price objective on the stock.
A number of other analysts also recently commented on the company. Canaccord Genuity restated a buy rating and issued a $83.00 target price on shares of Foot Locker in a research note on Monday. Zacks Investment Research raised Foot Locker from a hold rating to a buy rating and set a $77.00 price target for the company in a report on Monday. Robert W. Baird reaffirmed an outperform rating and issued a $79.00 price target on shares of Foot Locker in a report on Wednesday, December 28th. Vetr raised Foot Locker from a hold rating to a buy rating and set a $77.33 price target for the company in a report on Thursday, December 22nd. Finally, B. Riley reaffirmed a buy rating and issued a $83.00 price target on shares of Foot Locker in a report on Monday, December 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $75.35.
Foot Locker (NYSE:FL) traded down 1.17% during trading on Tuesday, reaching $68.38. The company’s stock had a trading volume of 122,642 shares. Foot Locker has a one year low of $50.90 and a one year high of $79.43. The firm has a market capitalization of $9.05 billion, a P/E ratio of 14.76 and a beta of 0.62. The stock has a 50-day moving average of $72.36 and a 200 day moving average of $67.54.
Foot Locker (NYSE:FL) last issued its earnings results on Friday, November 18th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Foot Locker had a return on equity of 24.22% and a net margin of 8.26%. The firm had revenue of $1.89 billion for the quarter. During the same quarter in the previous year, the company earned $1.00 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that Foot Locker will post $4.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, January 13th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $1.10 annualized dividend and a dividend yield of 1.59%. Foot Locker’s dividend payout ratio is currently 23.71%.
In other news, Director Matthew M. Mckenna sold 6,659 shares of the stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $72.39, for a total value of $482,045.01. Following the sale, the director now directly owns 48,189 shares in the company, valued at $3,488,401.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jarobin Gilbert, Jr. sold 1,000 shares of the stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $76.23, for a total value of $76,230.00. Following the completion of the sale, the director now owns 11,876 shares in the company, valued at $905,307.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,659 shares of company stock valued at $1,311,475. Company insiders own 2.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of FL. Bridgeway Capital Management Inc. boosted its stake in Foot Locker by 6.0% in the second quarter. Bridgeway Capital Management Inc. now owns 494,550 shares of the company’s stock worth $27,131,000 after buying an additional 28,000 shares in the last quarter. Capital Fund Management S.A. boosted its stake in Foot Locker by 191.7% in the second quarter. Capital Fund Management S.A. now owns 512,644 shares of the company’s stock worth $28,124,000 after buying an additional 336,925 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Foot Locker by 19.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 380,933 shares of the company’s stock worth $25,797,000 after buying an additional 61,181 shares in the last quarter. Buckingham Capital Management Inc. boosted its stake in Foot Locker by 0.6% in the first quarter. Buckingham Capital Management Inc. now owns 33,130 shares of the company’s stock worth $2,137,000 after buying an additional 196 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Foot Locker by 19.6% in the third quarter. Rhumbline Advisers now owns 244,698 shares of the company’s stock worth $16,571,000 after buying an additional 40,151 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.
About Foot Locker
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company’s Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point Group, including Runners Point and Sidestep.