Foot Locker, Inc. Buyback
OLI recorded this information on 2/20/2013
Company:
Foot Locker, Inc.
Buyback:
FL buyback
$Amount Authorized:
$600,000,000
Buyback Details:
The Board of Directors approved a new 3-year, $600 million common share repurchase program extending through January 2016, replacing the Company's previous $400 million program. The Company spent $129 million under that program in 2012.
Foot Locker is a footwear and apparel retailer. Co. operates stores across North America, Europe, Australia, New Zealand, and Asia, and a franchised store presence in the Middle East and Asia. Co.'s portfolio of brands include Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. Co. uses its capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. Co. operates websites and mobile apps aligned with the brand names of its store banners. These sites provide product selections and provide a link between e-commerce and physical stores.
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Avg. Broker Rec.
  
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Hold (2.12 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: FL Stock Forecast Based on Zacks ABR data; powered by Xignite |
