Matthew M. Mckenna Sells 10,899 Shares of Foot Locker, Inc. (FL) Stock

Foot Locker, Inc. (NYSE:FL) Director Matthew M. Mckenna sold 10,899 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total transaction of $499,392.18. Following the sale, the director now directly owns 35,000 shares in the company, valued at $1,603,700. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Foot Locker, Inc. (FL) traded up $1.11 during trading on Wednesday, hitting $48.07. 2,963,590 shares of the stock were exchanged, compared to its average volume of 3,307,764. The stock has a market capitalization of $5,830.00, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 2.32 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. Foot Locker, Inc. has a 52-week low of $28.42 and a 52-week high of $77.86.

Foot Locker (NYSE:FL) last announced its earnings results 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 business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm posted $1.13 earnings per share. Foot Locker’s quarterly revenue was down .8% on a year-over-year basis. equities research analysts expect that Foot Locker, Inc. will post 4.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Thursday, January 18th. Foot Locker’s payout ratio is currently 31.23%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC grew its holdings in shares of Foot Locker by 1,291.0% in the second quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock worth $10,053,000 after purchasing an additional 189,326 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Foot Locker by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock worth $47,882,000 after purchasing an additional 91,716 shares during the last quarter. Bridgewater Associates LP grew its holdings in shares of Foot Locker by 158.1% in the second quarter. Bridgewater Associates LP now owns 228,939 shares of the athletic footwear retailer’s stock worth $11,282,000 after purchasing an additional 140,253 shares during the last quarter. Sentry Investment Management LLC grew its holdings in shares of Foot Locker by 131.7% in the second quarter. Sentry Investment Management LLC now owns 10,579 shares of the athletic footwear retailer’s stock worth $521,000 after purchasing an additional 6,014 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Foot Locker by 24.5% in the second quarter. Toronto Dominion Bank now owns 44,472 shares of the athletic footwear retailer’s stock worth $2,190,000 after purchasing an additional 8,746 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

FL has been the topic of a number of research reports. B. Riley reiterated a “neutral” rating on shares of Foot Locker in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Foot Locker from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Telsey Advisory Group dropped their target price on shares of Foot Locker from $36.00 to $34.00 and set a “market perform” rating on the stock in a research report on Monday, November 13th. Canaccord Genuity restated a “hold” rating and set a $39.00 price target on shares of Foot Locker in a research note on Friday, October 20th. Finally, Citigroup boosted their price target on shares of Foot Locker from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company’s stock. Foot Locker has a consensus rating of “Hold” and a consensus price target of $53.82.

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About Foot Locker

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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