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Stock Market & Financial Investment News

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February 24, 2014
09:12 EDTFLFoot Locker Q4 results could be positive catalyst, says Citigroup
Citigroup believes Foot Locker's Q4 results on March 7 could be the next positive catalyst for shares. Citi thinks athletic footwear and apparel have outperformed the rest of the retail and views the stock's valuation as attractive despite the recent rally. It has a Buy rating on Foot Locker with a $47 price target.
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March 2, 2015
08:39 EDTFLFoot Locker fundamentals solid but negative sentiment weighs, says UBS
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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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