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November 13, 2012
07:35 EDTFLFoot Locker recommended ahead of Q3 results at UBS
UBS maintains its above consensus Q3 EPS estimate of 55c for Foot Locker due to core basketball category strengths, market share gains, and new product launches. The firm sees several drivers that will support ongoing growth that include new unit growth, the NFL shop partnership with Nike, re-imaging of Champs/Foot Locker stores, and the new women's premium concept. Shares are Buy rated with a $38 price target.
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February 18, 2015
16:41 EDTFLFoot Locker approves $220M capital expenditure program for 2015
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16:39 EDTFLFoot Locker raises dividend 14% to 25c, approves $1B share buyback
Foot Locker announced that its board authorized capital allocation initiatives that "simultaneously provide meaningful returns to shareholders and maintain a significant investment in its business operations." The board declared a quarterly cash dividend on the company's common stock of 25c per share, which will be payable on May 1 to shareholders of record on April 17. This dividend declaration represents a 14% increase over the company's previous quarterly per-share amount. The board also approved a new 3-year, $1B common share repurchase program extending through January 2018, replacing the company's previous $600M program. The company spent $305M under the previous program in 2014, and as of yesterday had substantially completed the full program amount, Foot Locker said.

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