Over the last five years, you find that Foot Locker, Inc. distributed an average of $0.275 in dividends per year to its shareholders.
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In the second quarter, sales at existing Foot Locker stores rose 4.7 percent, beating the 3.9 percent analysts polled by Thomson Reuters had expected.
Shares of Foot Locker (FL) were advancing 10.96% to $68.41 in mid-afternoon trading on Friday as Citigroup analysts said the New York City-based sportswear and footwear retailer produced better-than-expected second quarter earnings despite the “toughest quarterly compare” of the year.
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FL has been the subject of a number of other research reports. Following the completion of the sale, the director now directly owns 12,876 shares of the company’s stock, valued at approximately $738,567.36. Deutsche Bank AG reaffirmed a “buy” rating and issued a $79.00 price target (down previously from $80.00) on shares of Foot Locker in a report on Monday, May 16th. Piper Jaffray Cos.’s target price would suggest a potential upside of 8.63% from the stock’s current price. Using a simplified formula to determine if the stock presents a buying or selling opportunity, where 1 represents a Strong Buy and 5 represents a Strong Sell, the equity now is rated 1.5, based on the consensus numbers. Raymond James Trust N.A. now owns 3,819 shares of the company’s stock valued at $210,000 after buying an additional 76 shares during the last quarter. This conference call may be accessed live by dialing 1-800-916-9263 (U.S. and Canada) or +44 208-196-2881 (International), or via the Investor Relations section of the Foot Locker, Inc. website at http://www.footlocker-inc.com. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Foot Locker by 2.5% in the second quarter. Finally, United Capital Financial Advisers LLC raised its position in Foot Locker by 56.7% in the fourth quarter. Foot Locker’s basketball, running and classic shoes all sold exceptionally well in the three-month period. Foot Locker has been working to improve its assortment of women’s apparel, focusing on its Six:02 stores and catering more toward customers who prefer athletic fashion over athletic performance gear.
