Foot Locker, Inc. (NYSE:FL) Given Price Target Of $71.882


As per Foot Locker, Inc. (NYSE:FL)’s news release on 2016-05-19, its shareholders will get cash dividend of $0.275 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-15 and 2016-07-29, respectively.

The stock of Foot Locker, Inc. (NYSE:FL) will commence trading ex-dividend from 2016-07-13, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Foot Locker, Inc. (NYSE:FL) disbursed $1.05 in dividend compared to distribution of $0.88, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 13.6364%.

The past track record of five years substantiates that the average payout of Foot Locker, Inc. (NYSE:FL) stands at $0.812, implying 10.7566% growth. The company recorded earnings of $0.84 a share in the preceding fiscal.

The interim price target for Foot Locker, Inc. (NYSE:FL) is set at $71.882. This level is the mean price reached by averaging the stock views of 17 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $83 and the lowest level is established at 60. This broad range highlights a standard deviation of $6.679 in reported estimates.

AlphaOne has allotted A sentiment score of 0 to Foot Locker, Inc. (NYSE:FL) while impact score assigned is 80 as on as on 2016-07-27.

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