Foot Locker, Inc. (NYSE:FL) – Research analysts at Wedbush upped their FY2019 earnings per share (EPS) estimates for Foot Locker in a research report issued on Tuesday, Zacks Investment Research reports. Wedbush analyst C. Svezia now forecasts that the athletic footwear retailer will post earnings per share of $4.30 for the year, up from their previous forecast of $3.85. Wedbush currently has a “Outperform” rating and a $39.00 price target on the stock.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Foot Locker from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Cowen set a $37.00 price objective on shares of Foot Locker and gave the company a “hold” rating in a research report on Monday, October 23rd. Robert W. Baird reissued a “hold” rating and set a $37.00 price objective on shares of Foot Locker in a research report on Sunday, October 29th. Deutsche Bank raised shares of Foot Locker from a “hold” rating to a “buy” rating and boosted their price objective for the company from $38.00 to $45.00 in a research report on Friday, November 17th. Finally, Canaccord Genuity reissued a “hold” rating and set a $39.00 price objective on shares of Foot Locker in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $53.82.
Shares of Foot Locker (NYSE FL) opened at $47.45 on Thursday. The firm has a market cap of $5,750.00, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 2.27 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. Foot Locker has a 12 month low of $28.42 and a 12 month high of $77.86.
Foot Locker (NYSE:FL) last announced its earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 EPS.
Hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC lifted its stake in Foot Locker by 1,291.0% in the 2nd quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock worth $10,053,000 after purchasing an additional 189,326 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Foot Locker by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock worth $47,882,000 after purchasing an additional 91,716 shares in the last quarter. Tobam lifted its stake in Foot Locker by 47.1% in the 2nd quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock worth $21,114,000 after purchasing an additional 137,206 shares in the last quarter. Bridgewater Associates LP lifted its stake in Foot Locker by 158.1% in the 2nd quarter. Bridgewater Associates LP now owns 228,939 shares of the athletic footwear retailer’s stock worth $11,282,000 after purchasing an additional 140,253 shares in the last quarter. Finally, Sentry Investment Management LLC lifted its stake in Foot Locker by 131.7% in the 2nd quarter. Sentry Investment Management LLC now owns 10,579 shares of the athletic footwear retailer’s stock worth $521,000 after purchasing an additional 6,014 shares in the last quarter. Institutional investors and hedge funds own 89.85% of the company’s stock.
In related news, Director Matthew M. Mckenna sold 10,899 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $45.82, for a total value of $499,392.18. Following the completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,603,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.90% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s dividend payout ratio is currently 31.23%.
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About Foot Locker
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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