FL and Foot Locker Incorporated stock and share performance over the last 6 months. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
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Foot Locker (FL) announced its quarterly earnings results on Friday, Nov-20-2015. Following the transaction, the chief accounting officer now owns 42,142 shares in the company, valued at approximately $3,013,995.84. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Foot Locker in a report on Tuesday, August 11th. Financial Position At October 31, 2015, the Company’s merchandise inventories were $1,336 million, 0.9 percent higher than at the end of the third quarter a year ago. The 50-day moving average is $68.23 and the 200 day moving average is recorded at $67.94. The stock has a market capitalization of $8.50 billion and a price-to-earnings ratio of 15.38. Mchugh Robert W sold 38,463 shares worth $2.69 million.
Unlike Piper Jaffray’s latest rating, based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. Excluding a $100 million pretax litigation charge relating to a lawsuit involving the company’s conversion of its pension plan in 1996, EPS came to $1.00, beating the FactSet consensus of 95 cents. The firm’s revenue was up 3.3% compared to the same quarter previous year. Deutsche Bank initiated it with “Buy” rating and $27 target price in a September 17 report. Zacks Investment Research downgraded shares of Foot Locker from a strong-buy rating to a hold rating in a research report on Wednesday, November 4th. The stock was sold at an average price of $71.40, for a total transaction of $999,600.00. Also, SVP Paulette Alviti sold 14,000 shares of Foot Locker stock in a transaction dated Monday, August 31st.
The company anticipates that the current $8 billion share repurchase program will be completed before the end of fiscal 2016. (NYSE:FL), 7 rate it “Buy”, 0 “Sell”, while 3 “Hold”.
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A number of equities analysts have recently weighed in on FL shares. The disclosure for this sale can be found here. The rating is an average of the various different ratings given by analysts and brokers to Foot Locker Incorporated, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois. Foot Locker has an average rating of “Buy” and an average target price of $70.11. And as the US sportswear industry shifts toward more fashion- and lifestyle-focused athletic looks and away from more technical sports goods, Foot Locker has been trying to do more with apparel offerings that are small compared with department store selections. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Direct-to-Customers section comprises Footlocker.com, Inc. and other affiliates, including Eastbay, Inc., and the direct-to-customer subsidiary company of Runners Point Group, which sell to customers through their Internet and mobile sites and catalogs. As of January 31, 2015, the Company ran 3,423 mostly mall- based stores in the United States, Canada, Europe, Australia and New Zealand. In addition, 48 franchised Foot Locker stores were operating in the Middle East and South Korea, as well as 16 franchised Runners Point stores in Germany.
