Foot Locker, Inc. (NYSE:FL).
On November 21 the company was downgraded to “Neutral” from “” with a current price target of $72.00 in a report from PiperJaffray. On November 1, 2016 Wedbush began coverage of the stock setting a rating of “Outperform”.
On September 30 analysts at Guggenheim Securities started coverage with an initial rating of “Neutral”. On August 22 Susquehanna made no change to the stock rating of “Positive” but moved up the price target from $73.00 to $80.00.
August 22 investment analysts at Jefferies held the company rating at “Buy” and moved up the price target to $76.00 from $66.00.
The company is so far trading up by 0.22% since yesterday’s close of $54.78. The company declared a dividend payable on Friday July 28th, 2017. The dividend payment will be $0.310 per share for the quarter or $1.24 on an annualized basis. This dividend represents a yield of $2.26. The ex-dividend date is set for Tuesday the 11th of April 2017.
It is trading at $54.90 which is a tad under $68.04, the 50 day moving average and which is marginally lower than the 200 day moving average of $71.63. The 50 day moving average was down by -18.52% whereas the 200 day average was down by -22.60%.
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 company currently has a P/E ratio of 11.37 and market cap is 7.28B. In the latest earnings report the EPS was $4.87 and is expected to be $5.15 for the current year with 131,303,000 shares now outstanding. Next quarter’s EPS is forecasted at $1.25 with next year’s EPS anticipated to be $5.58.