Why Foot Locker Is Investing $100 Million in Sneaker Platform GOAT Group

Foot Locker Just Invested $100 Million in GOAT

In related news, VP John A. Maurer sold 2,041 shares of the firm's stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $50.81, for a total transaction of $355,670.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

In related news, Director Matthew M. Mckenna sold 7,000 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $52.00, for a total value of $106,132.00. The disclosure for this sale can be found here. Insiders sold 16,082 shares of company stock worth $832,934 in the last three months.

Several hedge funds have recently bought and sold shares of the business. The firm now has $62.00 price target on the athletic footwear retailer's stock. Sanders Morris Harris LLC now owns 12,000 shares of the athletic footwear retailer's stock worth $638,000 after buying an additional 7,000 shares in the last quarter. Contravisory Investment Management Inc. grew its position in Foot Locker by 6.6% during the fourth quarter. First Mercantile Trust Co. grew its holdings in shares of Foot Locker by 20.7% in the fourth quarter. DE now owns 19,462 shares of the athletic footwear retailer's stock worth $1,035,000 after purchasing an additional 882 shares during the period. Investors measure stock performance on the basis of a company's earnings power. (NYSE:FL). Shell Asset Commerce accumulated 23,395 shs or 0.02% of the stock. The company's stock had a trading volume of 1,390,811 shares, compared to its average volume of 2,392,612.

According to Zacks, "Shares of Foot Locker have risen and outpaced the industry in a year's time". The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 1.54. The firm has a market capitalization of $6.42 billion, a PE ratio of 13.74, a PEG ratio of 1.55 and a beta of 0.77.

Foot Locker, Inc. (NYSE:FL)'s quarterly earnings will be published on March, 1., as reported by Faxor.

Now we move forward to see the historical returns of Foot Locker which is United States of America based stock. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.86 billion. Comparatively, FL posted earnings of $1.55 per share in the same quarter, a year earlier.

As part of the new collaboration, Scott Martin, Foot Locker's senior vice president for strategy & store development, will join GOAT Group's board of directors. Investors of record on Friday, January 18th were paid a $0.345 dividend. The ex-dividend date was Thursday, January 17th. This represents a $1.38 annualized dividend and a dividend yield of 2.44%. Natixis Advsr Lp reported 0.01% of its capital in Foot Locker, Inc.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. As per Wednesday, November 21, the company rating was maintained by Wells Fargo. - FL - Business Wire" with a publish date: "January 11, 2019, "adidas, Foot Locker (FL) to Co-Create Shoes - StreetInsider.com" and the last "The Bull Thesis on Foot Locker Stock Is Gaining Momentum - Investorplace.com" with publication date: "January 10, 2019. On Wednesday, November 21 J.P. Morgan maintained Foot Locker, Inc.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Tuesday, November 20th. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright legislation. The correct version of this piece of content can be read at https://www.fairfieldcurrent.com/news/2019/02/08/foot-locker-inc-fl-stake-boosted-by-gateway-investment-advisers-llc.html. The firm operates in two divisions, Athletic Stores and Direct-to-Customers.

Foot Locker (FL) has announced that it has made a $100 million investment in GOAT Group, an online marketplace which operates GOAT, and specializes in the selling and authentication of sneakers and runs Flight Club, consignment stores for rare and popular sneakers that operate in New York City, Los Angeles, and Miami.

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