Foot Locker, Inc. (NYSE:FL) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, August 17th. Analysts expect Foot Locker to post earnings of $0.92 per share for the quarter.
Foot Locker, Inc. (NYSE:FL) opened at 49.80 on Thursday. Foot Locker, Inc. has a 52-week low of $44.59 and a 52-week high of $79.43. The company has a 50-day moving average of $48.41 and a 200-day moving average of $64.80. The company has a market cap of $6.54 billion, a P/E ratio of 10.22 and a beta of 0.68. Foot Locker also was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 11,770 put options on the stock. This represents an increase of approximately 447% compared to the typical daily volume of 2,150 put options.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.24 annualized dividend and a yield of 2.49%. Foot Locker’s payout ratio is 25.36%.
In other Foot Locker news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the completion of the transaction, the director now owns 8,964 shares in the company, valued at $532,461.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.73% of the stock is owned by company insiders.
FL has been the topic of several research reports. TheStreet downgraded shares of Foot Locker from a “b-” rating to a “c+” rating in a report on Friday, June 30th. Jefferies Group LLC set a $80.00 price objective on shares of Foot Locker and gave the stock a “buy” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. initiated coverage on shares of Foot Locker in a report on Friday, July 7th. They set a “market perform” rating on the stock. Bank of America Corporation downgraded shares of Foot Locker from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $84.00 to $65.00 in a report on Friday, May 19th. Finally, Deutsche Bank AG set a $72.00 price objective on shares of Foot Locker and gave the stock a “buy” rating in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $72.92.
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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