Foot Locker Inc. (FL) Upgraded at Vetr Inc.
Foot Locker Inc. (NYSE:FL) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $75.82 price objective on the stock. Vetr‘s price target points to a potential upside of 4.67% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. B. Riley upped their price objective on shares of Foot Locker from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Piper Jaffray Cos. set a $67.00 price target on shares of Foot Locker and gave the company a “buy” rating in a report on Thursday, August 18th. Canaccord Genuity set a $79.00 price target on shares of Foot Locker and gave the company a “buy” rating in a report on Saturday, November 12th. Zacks Investment Research cut shares of Foot Locker from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Finally, Citigroup Inc. increased their price target on shares of Foot Locker from $68.00 to $79.00 and gave the company a “buy” rating in a report on Monday, August 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $74.73.
Foot Locker (NYSE:FL) traded down 0.90% during midday trading on Tuesday, hitting $72.44. 1,080,187 shares of the company were exchanged. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 15.64 and a beta of 0.59. The stock has a 50 day moving average of $69.26 and a 200-day moving average of $62.52. Foot Locker has a 1-year low of $50.90 and a 1-year high of $74.74.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, November 18th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. The business had revenue of $1.89 billion for the quarter. Foot Locker had a net margin of 8.26% and a return on equity of 24.22%. Foot Locker’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. Equities analysts expect that Foot Locker will post $4.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Investors of record on Friday, January 13th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $1.10 annualized dividend and a yield of 1.52%. Foot Locker’s payout ratio is 23.71%.
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In related news, CEO Lewis Phillip Kimble sold 43,479 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $65.40, for a total transaction of $2,843,526.60. Following the completion of the transaction, the chief executive officer now directly owns 26,131 shares of the company’s stock, valued at $1,708,967.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cheryl N. Turpin sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of $69.16, for a total transaction of $691,600.00. Following the transaction, the director now directly owns 40,858 shares of the company’s stock, valued at $2,825,739.28. The disclosure for this sale can be found here. Corporate insiders own 2.92% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. ETRADE Capital Management LLC acquired a new position in shares of Foot Locker during the third quarter worth approximately $395,000. D.A. Davidson & CO. boosted its position in shares of Foot Locker by 58.0% in the third quarter. D.A. Davidson & CO. now owns 1,940 shares of the company’s stock worth $130,000 after buying an additional 712 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Foot Locker by 212.2% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 247,146 shares of the company’s stock worth $16,736,000 after buying an additional 167,981 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Foot Locker by 44.4% in the third quarter. Candriam Luxembourg S.C.A. now owns 19,520 shares of the company’s stock worth $1,322,000 after buying an additional 6,000 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its position in shares of Foot Locker by 75.2% in the third quarter. Tributary Capital Management LLC now owns 23,300 shares of the company’s stock worth $1,578,000 after buying an additional 10,000 shares during the last quarter. 94.55% of the stock is owned by institutional investors.
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’s Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point Group, including Runners Point and Sidestep.
To view Vetr’s full report, visit Vetr’s official website.
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