Footlocker Inc (NYSE:FL):
Foot Locker, Inc. Declares Quarterly Dividend Of $0.31 Per Share.
In the market the company is trading up from yesterday’s close of 31.2.
Foot Locker, Inc., launched on April 7, 1989, is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. As of January 28, 2017, the Company operated 3,363 primarily mall-based stores, as well as stores in high-traffic urban retail areas and high streets, in the United States, Canada, Europe, Australia and New Zealand. As of January 28, 2017, the Company operated franchised stores in Germany under the Runners Point banner. A total of 74 franchised stores were operating as of January 28, 2017, of which 54 were operating in the Middle East, 15 in Germany, and five in the Republic of Korea..
The P/E ratio is 7.21 and the market cap is 3.88B. In the latest earnings report the EPS was $4.33 with 124.00M shares currently outstanding.
Investors are a little more bearish on Footlocker Inc if you evaluate the change in short interest. The company experienced a rise in short interest of 11.43% as of October 31, 2017 from the last reporting period. Short interest grew from 12,949,309 to 14,429,225 over that period. With short interest at 14,429,225 and short average daily volume at 3,663,703, the short-interest ratio is 4.0 and the percentage of shorted shares is 0.12% as of October 31.
A few Wall Street analysts have issued ratings on FL of late. On October 29 Robert W. Baird left the company rating at “Hold” targeting a price of $37.00.
Equity analyst Cowen and Company released guidance on FL with a rating of “Hold” and setting a price target of $37.00. October 20 investment analysts at Canaccord Genuity kept the company rating at “Hold” projecting a price of $39.00.
September 21 investment analysts at Cowen and Company held the stock rating at “Hold” with a current price target of $37.00. On August 29 Morgan Stanley maintained a stock rating of “Overweight” with a current price target of $50.00.