Foot Locker Has Declared a Dividend



Price movement

Foot Locker (FL) has a market cap of $9.4 billion. It fell 0.49% to close at $69.72 per share on November 16, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.65%, 2.7%, and 9.0%, respectively, on the same day.

FL is trading 2.2% above its 20-day moving average, 3.4% above its 50-day moving average, and 12.5% above its 200-day moving average.

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Related ETF and peers

The Schwab US Mid-Cap ETF (SCHM) invests 0.33% of its holdings in Foot Locker. The ETF tracks a market cap–weighted index of mid-cap stocks in the Dow Jones US Total Stock Market Index. The YTD price movement of SCHM was 11.0% on November 16.

The market caps of Foot Locker’s competitors are as follows:

  • Walmart (WMT) — $219.9 billion
  • Designer Shoe Warehouse (DSW) — $1.8 billion

Foot Locker declared a dividend

Foot Locker has declared a quarterly cash dividend of $0.28 per share on its common stock. The dividend will be paid on January 27, 2017, to shareholders of record on January 13, 2017.

Performance of Foot Locker in fiscal 2Q16

Foot Locker reported fiscal 2Q16 sales of $1.8 billion, a rise of 5.9% compared to its sales of $1.7 billion in fiscal 2Q15. Its net income and EPS (earnings per share) rose to $127.0 million and $0.94, respectively, in fiscal 2Q16, compared to $119.0 million and $0.84, respectively, in fiscal 2Q15.

FL’s cash and cash equivalents fell 2.6%, and its merchandise inventories rose 1.7% in fiscal 2Q16 compared to the prior year’s period. Its current and debt-to-equity ratios rose to 3.8x and 0.46x, respectively, in fiscal 2Q16, compared to 3.4x and 0.44x, respectively, in fiscal 2Q15.

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