Richard A. Johnson Sells 25,000 Shares of Foot Locker, Inc. (FL) Stock

Foot Locker, Inc. (NYSE:FL) CEO Richard A. Johnson sold 25,000 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $50.05, for a total transaction of $1,251,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Foot Locker, Inc. (FL) traded up $0.16 during trading on Monday, hitting $50.37. 4,033,412 shares of the company’s stock were exchanged, compared to its average volume of 3,393,337. Foot Locker, Inc. has a 12-month low of $28.42 and a 12-month high of $77.86. The company has a market capitalization 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 debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.09.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. sell-side analysts forecast that Foot Locker, Inc. will post 4.09 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s dividend payout ratio (DPR) is 31.23%.

Several brokerages recently issued reports on FL. Canaccord Genuity set a $67.00 target price on shares of Foot Locker and gave the stock a “buy” rating in a research note on Friday. Telsey Advisory Group raised shares of Foot Locker from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $44.00 to $56.00 in a research note on Friday. Zacks Investment Research lowered shares of Foot Locker from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Buckingham Research raised shares of Foot Locker from a “neutral” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Friday, January 5th. Finally, Robert W. Baird reissued a “hold” rating and set a $52.00 target price on shares of Foot Locker in a research note on Wednesday, January 3rd. 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 company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.34.

Institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. raised its holdings in shares of 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 valued at $105,000 after purchasing an additional 714 shares during the last quarter. Smithfield Trust Co. raised its holdings in shares of Foot Locker by 276.2% in the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after purchasing an additional 2,348 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Foot Locker by 205.0% in the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after purchasing an additional 2,577 shares during the last quarter. Exane Derivatives raised its holdings in shares of Foot Locker by 110,475.0% in the third quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock valued at $156,000 after purchasing an additional 4,419 shares during the last quarter. Finally, Court Place Advisors LLC purchased a new stake in shares of Foot Locker in the third quarter valued at about $218,000. 90.27% of the stock is currently owned by hedge funds and other institutional investors.

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Foot Locker Company Profile

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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