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This Undervalued Retailer Has a 4% Dividend

TheMotleyFool 
0 0 24.01.20
This Undervalued Retailer Has a 4% DividendPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png
 

Shares of Foot Locker (NYSE: FL) fell sharply last year on concerns of weak mall traffic and increased competition from direct-to-consumer channels. Foot Locker's stock price declined 27% in 2019, while the S&P 500 gained 29%.

However, Foot Locker's sales should get a boost from new product launches as well as ongoing strength in Nike's Jordan brand products. Beyonce's highly anticipated Ivy Park activewear collection just launched, and Foot Locker is a retail partner. Analysts say Ivy Park has the potential to reach over $1 billion in sales.

Given the company's sales growth potential, its conservative valuation, and its near-4% dividend yield, shares look compelling.

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Source Fool.com

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