New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 25, 2014
07:02 EDTFLFoot Locker downgraded at Piper Jaffray
As previously reported, Piper Jaffray downgraded Foot Locker to Neutral from Outperform. The firm downgraded shares due to valuation, difficult comps, and peak margins. Price target raised to $57 from $54.
News For FL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 2, 2015
08:39 EDTFLFoot Locker fundamentals solid but negative sentiment weighs, says UBS
Subscribe for More Information
February 18, 2015
16:41 EDTFLFoot Locker approves $220M capital expenditure program for 2015
Subscribe for More Information
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use