This is per the equity's Schaeffer's put/call open interest ratio (SOIR) of 1.26, which sits in the 88th percentile of its annual range. Regardless, Foot Locker stock has attracted bearish short-term options traders, who have been incredibly put-biased of late. Furthermore, the business has been inconsistent with its growth over the years and is expected to continue struggling throughout the rest of the year and going into the next year. To begin with, the company holds $3.29 billion in total debt, which is nearly $400 million more than its market cap of $2.9 billion, and just $386 million in cash on its balance sheet. However, the biggest issue with Foot Locker is its fundamentals. It also provides an incredible dividend yield of 5.14% at a forward dividend $1.60.
Moreover, the stock offers a very attractive valuation at a forward price-earnings ratio of 7.15 and a price-sales ratio of 0.35. Additionally, it has dropped by 26% year-to-date, experiencing a 14% decline over the past month. Regarding the stock, FL is down by about 33% year-over-year and has decreased by 46% since peaking at a 52-week high of $57.76. At last glance, FL is trading up 1.2% at $32.22. It also operates approximately 2,800 retail stores in 28 countries across North America, Europe, Asia, Australia, and New Zealand. The company provides sportswear and footwear products through various brands including Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, and Sidestep. (NYSE: FL) is an American retailer most known for selling sneakers. And it established 30 new internships through its Bridge Internship Program, which provides a path for store team members to rise into corporate positions.Foot Locker, Inc. This year, the company dedicated 50 additional Foot Locker Associate Scholarships - totaling $250,000 - to Black team members over the next five years.
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And it is growing its ongoing relationship with Pensole Footwear Design Academy, a minority-focused design school founded by 2020 Footwear News Achievement Awards honoree D’Wayne Edwards, by committing $750,000 to help train the next generation of shoe designers.Īlso in regard to educational initiatives, the retailer said it has donated $150,000 to longtime partner UNCF, to provide double the number of scholarships for the 2020-21 academic year.Īnd within its own organization, Foot Locker is committed to creating educational and professional opportunities for its store employees, many of whom are high school and college students. It also has partnered with 34 new Black brands and creators for collaborations in 2021.
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To that end, Foot Locker made a $5 million investment in MaC Venture Capital, a Black-led VC firm dedicated to advancing business with diverse leaders. One of the key elements of the LEED initiative is economic development and creating a stronger pipeline for Black creators and entrepreneurs to build successful businesses.
The first report card was presented today, revealing the progress in what the firm is calling LEED (Lead Education and Economic Development). Foot Locker Will Soon Have Two New Women in Power as CEO and Board Chair: Why That MattersĪs part of that commitment, the company promised transparency around its efforts, with an annual report card outlining its specific actions.
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