Equities research analysts predict that Foot Locker, Inc. (NYSE:FL) will announce earnings of $0.70 per share for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Foot Locker’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.75. Foot Locker posted earnings of $0.62 per share during the same quarter last year, which indicates a positive year over year growth rate of 12.9%. The business is scheduled to announce its next quarterly earnings results on Friday, August 17th.
According to Zacks, analysts expect that Foot Locker will report full-year earnings of $4.54 per share for the current fiscal year, with EPS estimates ranging from $4.35 to $4.78. For the next year, analysts forecast that the company will report earnings of $4.86 per share, with EPS estimates ranging from $4.05 to $5.30. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Foot Locker.
Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, May 25th. The athletic footwear retailer reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.20. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.96 billion. Foot Locker had a return on equity of 19.60% and a net margin of 3.45%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share.
FL has been the topic of several research reports. TheStreet upgraded Foot Locker from a “c+” rating to a “b-” rating in a research note on Monday, June 18th. UBS Group initiated coverage on Foot Locker in a research note on Thursday, June 21st. They set a “neutral” rating and a $59.00 price target on the stock. Wedbush boosted their price target on Foot Locker from $61.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, June 8th. ValuEngine upgraded Foot Locker from a “sell” rating to a “hold” rating in a research note on Saturday, May 26th. Finally, B. Riley boosted their price target on Foot Locker to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, May 29th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Foot Locker has a consensus rating of “Hold” and an average target price of $56.24.
Shares of Foot Locker stock traded down $1.42 during trading on Friday, reaching $52.65. The company’s stock had a trading volume of 4,930,088 shares, compared to its average volume of 2,727,726. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.04 and a current ratio of 3.89. The firm has a market capitalization of $6.32 billion, a PE ratio of 12.81, a PEG ratio of 1.81 and a beta of 0.93. Foot Locker has a one year low of $28.42 and a one year high of $59.40.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 3rd. Stockholders of record on Friday, July 20th will be issued a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Thursday, July 19th. Foot Locker’s payout ratio is currently 33.58%.
In other news, CFO Lauren B. Peters sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $51.85, for a total value of $1,296,250.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. TIAA CREF Investment Management LLC boosted its holdings in shares of Foot Locker by 0.4% in the 4th quarter. TIAA CREF Investment Management LLC now owns 415,656 shares of the athletic footwear retailer’s stock worth $19,486,000 after acquiring an additional 1,456 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Foot Locker by 5.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 34,185 shares of the athletic footwear retailer’s stock worth $1,603,000 after acquiring an additional 1,900 shares in the last quarter. Rampart Investment Management Company LLC boosted its holdings in shares of Foot Locker by 119.0% in the 1st quarter. Rampart Investment Management Company LLC now owns 3,626 shares of the athletic footwear retailer’s stock worth $165,000 after acquiring an additional 1,970 shares in the last quarter. Signaturefd LLC acquired a new position in shares of Foot Locker in the 1st quarter worth approximately $103,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Foot Locker by 0.3% in the 4th quarter. Clearbridge Investments LLC now owns 968,050 shares of the athletic footwear retailer’s stock worth $45,382,000 after acquiring an additional 2,547 shares in the last quarter. 93.07% of the stock is currently owned by institutional investors and hedge funds.
About Foot Locker
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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