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

Foot Locker, Inc. (NYSE:FL) CEO Richard A. Johnson sold 25,000 shares of the firm’s 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 $1,251,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Foot Locker, Inc. (NYSE: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.

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

Several institutional investors and hedge funds have recently made changes to their positions in FL. D.A. Davidson & CO. increased its stake 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 worth $105,000 after buying an additional 714 shares during the period. Smithfield Trust Co. increased its stake 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 worth $113,000 after buying an additional 2,348 shares during the period. Assetmark Inc. increased its stake 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 worth $135,000 after buying an additional 2,577 shares during the period. Exane Derivatives increased its stake 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 worth $156,000 after buying an additional 4,419 shares during the period. Finally, Court Place Advisors LLC purchased a new position in shares of Foot Locker in the third quarter worth $218,000. Hedge funds and other institutional investors own 90.27% of the company’s stock.

FL has been the subject of a number of analyst reports. Cowen set a $40.00 price objective on shares of Foot Locker and gave the company a “hold” rating in a research report on Saturday, November 18th. Zacks Investment Research upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Deutsche Bank upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and raised their price objective for the company from $38.00 to $45.00 in a research report on Friday, November 17th. Wells Fargo & Co set a $42.00 target price on shares of Foot Locker and gave the company a “hold” rating in a research report on Monday, November 20th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $39.00 target price on shares of Foot Locker in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $54.34.

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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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