Foot Locker VP Sells $189,550 in Stock (FL)
Foot Locker (NYSE:FL) VP John A. Maurer sold 3,400 shares of Foot Locker stock on the open market in a transaction dated Thursday, August 28th. The shares were sold at an average price of $55.75, for a total transaction of $189,550.00. Following the sale, the vice president now directly owns 31,249 shares of the company’s stock, valued at approximately $1,742,132. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Foot Locker (NYSE:FL) traded up 2.03% during mid-day trading on Tuesday, hitting $57.25. 2,465,421 shares of the company’s stock traded hands. Foot Locker has a 52-week low of $31.91 and a 52-week high of $56.53. The stock’s 50-day moving average is $50.36 and its 200-day moving average is $47.. The company has a market cap of $8.381 billion and a price-to-earnings ratio of 17.32.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.10. The company had revenue of $1.64 billion for the quarter. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts expect that Foot Locker will post $3.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, October 15th.
A number of research firms have recently commented on FL. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Foot Locker in a research note on Tuesday, August 26th. They now have a $62.00 price target on the stock, up previously from $56.00. Separately, analysts at Telsey Advisory Group raised their price target on shares of Foot Locker from $52.00 to $61.00 in a research note on Monday, August 25th. They now have a “not rated” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Foot Locker from $56.00 to $59.00 in a research note on Monday, August 25th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $55.25.
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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