Foot Locker Inc. (NYSE:FL) shares traded 0.79% higher at $25.51 on Wall Street last session.
FL stock price is now -9.53% away from the 50-day moving average and -29.08% away from the 200-day moving average. The market capitalization of the company currently stands at $2.44B.
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With the price target reduced from $48 to $30, Citigroup Downgraded its rating from Buy to Neutral for Foot Locker Inc. (NYSE: FL).
In other news, Cipriano Giovanna, SVP & Chief Accounting Officer sold 25,554 shares of the company’s stock on Feb 01. The stock was sold for $1,149,930 at an average price of $45.00. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 28,791 shares in the company, valued at $0.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01, VP, Treasurer Maurer John A sold 2,000 shares of the business’s stock. A total of $90,140 was realized by selling the stock at an average price of $45.07. This leaves the insider owning 21,221 shares of the company worth $0.54 million. Insiders disposed of 1,391,920 shares of company stock worth roughly $35.51 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FL stock. A new stake in Foot Locker Inc. shares was purchased by DRIEHAUS CAPITAL MANAGEMENT LLC during the first quarter worth $7,305,000. EASTERLY INVESTMENT PARTNERS LLC invested $6,211,000 in shares of FL during the first quarter. In the first quarter, BOUSSARD & GAVAUDAN INVESTMENT MANAGEMENT LLP acquired a new stake in Foot Locker Inc. valued at approximately $4,688,000. PANAGORA ASSET MANAGEMENT INC acquired a new stake in FL for approximately $4,077,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in FL valued at around $3,943,000 in the second quarter. In total, there are 447 active investors with 97.10% ownership of the company’s stock.
Foot Locker Inc. (NYSE: FL) opened at $25.40 on Monday. During the past 12 months, Foot Locker Inc. has had a low of $24.44 and a high of $47.22. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 1.60, and a quick ratio of 0.40. The fifty day moving average price for FL is $27.93 and a two-hundred day moving average price translates $35.94 for the stock.
The latest earnings results from Foot Locker Inc. (NYSE: FL) was released for Apr, 2023. According to the Apparel Retail Company, earnings per share came in at $0.7, missing analysts’ expectations of $0.81 by -0.11. This compares to $1.36 EPS in the same period last year. The net profit margin was 2.90% and return on equity was 7.50% for FL. The company reported revenue of $1.93 billion for the quarter, compared to $2.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.34 percent. For the current quarter, analysts expect FL to generate $1.87B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/28/2023. Investors who held shares on 07/14/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 6.27% percent yield. There was an ex-dividend date of 07/13/2023 for this dividend. In terms of dividend payout ratio, FL is presently at 61.20%.
