Analysts forecast that Foot Locker (NYSE:FL) will announce $1.25 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Foot Locker’s earnings, with the lowest EPS estimate coming in at $1.15 and the highest estimate coming in at $1.30. Foot Locker posted earnings per share of $1.36 in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.1%. The firm is expected to announce its next earnings results on Friday, May 18th.
According to Zacks, analysts expect that Foot Locker will report full year earnings of $4.38 per share for the current fiscal year, with EPS estimates ranging from $4.07 to $4.60. For the next fiscal year, analysts anticipate that the business will report earnings of $4.67 per share, with EPS estimates ranging from $4.00 to $5.20. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Foot Locker.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.01. Foot Locker had a net margin of 3.65% and a return on equity of 19.32%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the company earned $1.37 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis.
Several research firms have recently weighed in on FL. Buckingham Research reissued a “buy” rating and set a $54.00 price objective on shares of Foot Locker in a report on Wednesday. CIBC raised shares of Foot Locker from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a report on Wednesday, January 31st. Deutsche Bank set a $58.00 target price on shares of Foot Locker and gave the company a “buy” rating in a report on Wednesday, April 4th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $49.00 target price (down from $56.00) on shares of Foot Locker in a report on Monday, March 5th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $57.00 target price (down from $65.00) on shares of Foot Locker in a report on Monday, March 5th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $54.79.
In other Foot Locker news, Director Jarobin Gilbert, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $43.44, for a total value of $65,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lewis Phillip Kimble sold 11,043 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $42.71, for a total transaction of $471,646.53. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of FL. Nationwide Fund Advisors boosted its position in shares of Foot Locker by 32.4% during the third quarter. Nationwide Fund Advisors now owns 50,182 shares of the athletic footwear retailer’s stock worth $1,767,000 after acquiring an additional 12,285 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Foot Locker by 17.2% during the third quarter. Russell Investments Group Ltd. now owns 94,205 shares of the athletic footwear retailer’s stock worth $3,318,000 after acquiring an additional 13,805 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Foot Locker by 6.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 652,104 shares of the athletic footwear retailer’s stock worth $22,968,000 after acquiring an additional 40,973 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Foot Locker by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock worth $46,817,000 after acquiring an additional 357,669 shares during the last quarter. Finally, AMP Capital Investors Ltd boosted its position in shares of Foot Locker by 18.2% during the third quarter. AMP Capital Investors Ltd now owns 140,723 shares of the athletic footwear retailer’s stock worth $4,956,000 after acquiring an additional 21,622 shares during the last quarter. Institutional investors and hedge funds own 96.39% of the company’s stock.
Shares of FL traded down $0.76 during mid-day trading on Friday, hitting $40.88. 3,345,388 shares of the company traded hands, compared to its average volume of 3,598,389. The company has a quick ratio of 2.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.05. Foot Locker has a 1 year low of $28.42 and a 1 year high of $77.86. The stock has a market capitalization of $5,141.52, a price-to-earnings ratio of 9.95, a PEG ratio of 1.49 and a beta of 0.85.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 4th. Shareholders of record on Friday, April 20th will be given a $0.345 dividend. This is a positive change from Foot Locker’s previous quarterly dividend of $0.31. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, April 19th. Foot Locker’s dividend payout ratio is presently 30.17%.
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Foot Locker Company Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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