Foot Locker, Inc. (NYSE:FL) SVP Giovanna Cipriano sold 21,000 shares of Foot Locker stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $50.05, for a total transaction of $1,051,050.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Foot Locker, Inc. (FL) traded up $0.16 on Monday, hitting $50.37. 4,033,412 shares of the stock were exchanged, compared to its average volume of 3,393,337. The company has a market cap of $6,110.00, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 2.46 and a beta of 0.82. The company has a current ratio of 4.41, a quick ratio of 2.09 and a debt-to-equity ratio of 0.05. Foot Locker, Inc. has a 1 year low of $28.42 and a 1 year high of $77.86.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 EPS. equities research analysts forecast that Foot Locker, Inc. will post 4.09 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in FL. Janus Henderson Group PLC increased its stake in shares of Foot Locker by 1,291.0% in the second quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock worth $10,053,000 after buying an additional 189,326 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Foot Locker by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock worth $47,882,000 after buying an additional 91,716 shares during the period. Sentry Investment Management LLC increased its stake in shares of Foot Locker by 131.7% in the second quarter. Sentry Investment Management LLC now owns 10,579 shares of the athletic footwear retailer’s stock worth $521,000 after buying an additional 6,014 shares during the period. Toronto Dominion Bank increased its stake in shares of Foot Locker by 24.5% in the second quarter. Toronto Dominion Bank now owns 44,472 shares of the athletic footwear retailer’s stock worth $2,190,000 after buying an additional 8,746 shares during the period. Finally, Rockefeller Financial Services Inc. purchased a new position in shares of Foot Locker in the third quarter worth $42,618,000. Hedge funds and other institutional investors own 90.27% of the company’s stock.
Several equities research analysts have issued reports on the stock. B. Riley reiterated a “neutral” rating on shares of Foot Locker in a research report on Wednesday, November 1st. Canaccord Genuity set a $67.00 target price on shares of Foot Locker and gave the company a “buy” rating in a research report on Sunday, January 7th. Robert W. Baird reiterated a “hold” rating and set a $52.00 target price on shares of Foot Locker in a research report on Wednesday, January 3rd. Telsey Advisory Group upgraded shares of Foot Locker from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $44.00 to $56.00 in a research report on Friday. Finally, Zacks Investment Research lowered shares of Foot Locker from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. Foot Locker currently has an average rating of “Hold” and a consensus price target of $54.34.
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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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