Foot Locker, Inc. (FL) Announces Quarterly Dividend of $0.22
Foot Locker (NYSE:FL) declared a quarterly dividend on Monday, August 18th, Analyst Ratings Net reports. Investors of record on Friday, October 17th will be given a dividend of 0.22 per share on Friday, October 31st. This represents a $0.88 dividend on an annualized basis and a yield of 1.77%.
A number of analysts have recently weighed in on FL shares. Analysts at Buckingham Research initiated coverage on shares of Foot Locker in a research note on Wednesday, June 25th. They set a “buy” rating and a $58.00 price target on the stock. On the ratings front, analysts at Sterne Agee raised their price target on shares of Foot Locker from $55.00 to $60.00 in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Finally, analysts at Sterne Agee reiterated a “top pick” rating on shares of Foot Locker in a research note on Wednesday, June 11th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Foot Locker currently has a consensus rating of “Buy” and an average target price of $51.00.
Shares of Foot Locker (NYSE:FL) opened at 49.81 on Monday. Foot Locker has a one year low of $31.91 and a one year high of $52.07. The stock’s 50-day moving average is $49.49 and its 200-day moving average is $46.41. The company has a market cap of $7.207 billion and a P/E ratio of 16.38.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, May 23rd. The company reported $1.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.06 by $0.05. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the company posted $0.91 earnings per share. Foot Locker’s revenue was up 14.0% compared to the same quarter last year. On average, analysts predict that Foot Locker will post $3.31 earnings per share for the current fiscal year.
Foot Locker, Inc is a global retailer of shoes and apparel, operating 3,473 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand as of February 1, 2014.
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