Equities research analysts forecast that Foot Locker, Inc. (NYSE:FL) will post $1.07 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Foot Locker’s earnings. The lowest EPS estimate is $1.02 and the highest is $1.10. Foot Locker posted earnings per share of $0.95 in the same quarter last year, which suggests a positive year over year growth rate of 12.6%. The company is expected to issue its next earnings results on Tuesday, November 19th.
According to Zacks, analysts expect that Foot Locker will report full-year earnings of $4.94 per share for the current financial year, with EPS estimates ranging from $4.78 to $5.06. For the next year, analysts expect that the firm will report earnings of $5.21 per share, with EPS estimates ranging from $4.78 to $5.50. Zacks’ earnings per share averages 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, August 23rd. The athletic footwear retailer reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.83 billion. Foot Locker had a net margin of 6.51% and a return on equity of 21.05%. Foot Locker’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS.
A number of analysts have commented on the stock. Bank of America set a $33.00 price target on shares of Foot Locker and gave the company a “sell” rating in a research note on Friday, August 23rd. Credit Suisse Group decreased their price target on shares of Foot Locker from $65.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. ValuEngine lowered shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Susquehanna Bancshares lowered shares of Foot Locker from a “positive” rating to a “neutral” rating and decreased their price target for the company from $46.00 to $39.00 in a research note on Monday, August 26th. Finally, Guggenheim set a $45.00 price target on shares of Foot Locker and gave the company a “buy” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Foot Locker currently has a consensus rating of “Buy” and an average target price of $55.60.
Shares of NYSE:FL traded down $0.21 during mid-day trading on Monday, hitting $40.31. The company had a trading volume of 2,949,116 shares, compared to its average volume of 4,654,791. The company has a market capitalization of $4.54 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 0.86 and a beta of 0.95. The firm has a fifty day moving average price of $39.15 and a 200 day moving average price of $48.96. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.99 and a quick ratio of 0.99. Foot Locker has a one year low of $33.12 and a one year high of $68.00.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a $0.38 dividend. The ex-dividend date is Thursday, October 17th. This represents a $1.52 annualized dividend and a dividend yield of 3.77%. Foot Locker’s payout ratio is 32.27%.
In other news, Director Matthew M. Mckenna sold 7,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $40.53, for a total value of $283,710.00. Following the completion of the sale, the director now owns 26,862 shares in the company, valued at approximately $1,088,716.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of FL. Bremer Bank National Association bought a new stake in shares of Foot Locker in the 1st quarter worth $26,000. Psagot Investment House Ltd. purchased a new position in shares of Foot Locker in the 2nd quarter worth about $30,000. Quadrant Capital Group LLC boosted its holdings in shares of Foot Locker by 75.1% in the 1st quarter. Quadrant Capital Group LLC now owns 655 shares of the athletic footwear retailer’s stock worth $37,000 after buying an additional 281 shares during the last quarter. Thor Advisors LLC purchased a new position in shares of Foot Locker in the 1st quarter worth about $37,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Foot Locker in the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 97.69% of the company’s stock.
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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