Foot Locker, Inc. (NYSE:FL) Director Matthew M. Mckenna sold 10,899 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total value of $499,392.18. Following the completion of the sale, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,603,700. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Foot Locker, Inc. (FL) opened at $47.45 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. The company has a market capitalization of $5,611.79, a P/E ratio of 10.97, a P/E/G ratio of 2.27 and a beta of 0.82. Foot Locker, Inc. has a twelve month low of $28.42 and a twelve month high of $77.86.
Foot Locker (NYSE:FL) last announced its earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 earnings per share. research analysts expect that Foot Locker, Inc. will post 4.08 EPS for the current year.
A number of analysts recently weighed in on the company. Canaccord Genuity set a $67.00 target price on Foot Locker and gave the stock a “buy” rating in a research report on Sunday, January 7th. Buckingham Research upgraded Foot Locker from a “neutral” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Friday, January 5th. Robert W. Baird restated a “hold” rating and issued a $52.00 target price on shares of Foot Locker in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Tuesday, December 26th. Finally, Citigroup reiterated a “buy” rating and issued a $54.00 price objective on shares of Foot Locker in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Foot Locker has a consensus rating of “Hold” and a consensus target price of $53.82.
Institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. grew its stake in Foot Locker by 50.3% in the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock worth $105,000 after purchasing an additional 714 shares during the period. Smithfield Trust Co. grew its stake in Foot Locker by 276.2% in the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock worth $113,000 after purchasing an additional 2,348 shares during the period. Assetmark Inc. grew its stake in Foot Locker by 205.0% in the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock worth $135,000 after purchasing an additional 2,577 shares during the period. Exane Derivatives grew its stake in Foot Locker by 110,475.0% in the third quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock worth $156,000 after purchasing an additional 4,419 shares during the period. Finally, Pacer Advisors Inc. grew its stake in Foot Locker by 49.6% in the second quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock worth $194,000 after purchasing an additional 1,305 shares during the period. Institutional investors own 89.85% of the company’s stock.
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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 is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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