Foot Locker (NYSE:FL) Hits New 12-Month Low at $38.37

Foot Locker, Inc. (NYSE:FL) reached a new 52-week low during trading on Thursday . The company traded as low as $38.37 and last traded at $39.08, with a volume of 1964527 shares changing hands. The stock had previously closed at $41.06.

A number of research analysts have recently commented on the company. B. Riley upgraded Foot Locker from a “neutral” rating to a “buy” rating and increased their target price for the company from $62.00 to $73.00 in a research report on Friday, May 17th. Canaccord Genuity lowered their target price on Foot Locker from $82.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Guggenheim reiterated a “buy” rating and set a $60.00 target price on shares of Foot Locker in a research report on Friday, May 24th. Jefferies Financial Group set a $80.00 target price on Foot Locker and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, Pivotal Research reiterated a “buy” rating and set a $60.00 target price on shares of Foot Locker in a research report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company’s stock. Foot Locker has an average rating of “Buy” and an average price target of $67.72.

The company has a market cap of $4.32 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.83 and a beta of 0.98. The stock has a 50-day simple moving average of $41.98. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.01 and a quick ratio of 1.07.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, May 24th. The athletic footwear retailer reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.08). The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.11 billion. Foot Locker had a return on equity of 21.75% and a net margin of 6.86%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share. On average, research analysts predict that Foot Locker, Inc. will post 5.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Friday, July 19th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. Foot Locker’s dividend payout ratio is presently 32.27%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Chicago Equity Partners LLC purchased a new position in shares of Foot Locker during the second quarter valued at $529,000. Swiss National Bank increased its stake in shares of Foot Locker by 0.3% during the second quarter. Swiss National Bank now owns 210,000 shares of the athletic footwear retailer’s stock valued at $8,803,000 after buying an additional 600 shares during the period. Comerica Bank increased its stake in shares of Foot Locker by 2.1% during the second quarter. Comerica Bank now owns 23,725 shares of the athletic footwear retailer’s stock valued at $993,000 after buying an additional 487 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Foot Locker during the second quarter valued at $797,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Foot Locker during the second quarter valued at $142,000. Institutional investors own 99.53% of the company’s stock.

Foot Locker Company Profile (NYSE:FL)

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

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