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Here's Why I'm Not Buying Foot Locker Right Now

Shares in Foot Locker (FL) are up 40.9% over the past 12 months and an amazing 368.6% over the past 5 years. Rising shareprices have pushed down the dividend yield to only 1.62% at the current price per share of $54.40. The dividend yield hasn't been this low in years, as we can see from the graph below. The 5-year average dividend yield stands at 2.3%.

FL data by YCharts

For those interested, here's a list of my previous articles on FL:

Plenty Of Reasons To Love Foot Locker - August 5, 2014

Foot Locker: A Great Stock For Investors Searching For Reliable Dividends - September 15, 2013

FL PS Ratio ((TTM)) data by YCharts

Revenue for Foot Locker has gone up at a annual rate of 4.43% over the past 5 years, while the 3-year revenue growth ratio stands at 8.81%. Analysts are expecting FL to reach $7.12 billion… Read More …