Foot Locker CFO Unloads $2,080,000 in Stock (FL)
Foot Locker (NYSE:FL) CFO Lauren B. Peters sold 40,000 shares of Foot Locker stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $52.00, for a total transaction of $2,080,000.00. Following the transaction, the chief financial officer now directly owns 108,147 shares in the company, valued at approximately $5,623,644. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Foot Locker in a research note on Wednesday. They now have a $55.00 price target on the stock, up previously from $53.00. Separately, analysts at Buckingham Research initiated coverage on shares of Foot Locker in a research note on Wednesday, June 25th. They set a “buy” rating and a $58.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Foot Locker from $55.00 to $60.00 in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $51.33.
Foot Locker (NYSE:FL) traded up 2.95% on Friday, hitting $54.12. 5,585,103 shares of the company’s stock traded hands. Foot Locker has a 52 week low of $31.91 and a 52 week high of $55.33. The stock has a 50-day moving average of $49.65 and a 200-day moving average of $46.92. The company has a market cap of $7.831 billion and a P/E ratio of 17.29.
Foot Locker (NYSE:FL) last released its earnings data on Friday, August 22nd. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.10. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. On average, analysts predict that Foot Locker will post $3.30 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, October 15th.
Foot Locker, Inc is a global retailer of shoes and apparel, operating 3,473 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand as of February 1, 2014.
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