Foot Locker (FL) Posts Quarterly Results
Foot Locker (NYSE:FL) posted its quarterly earnings results on Friday. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.10, Analyst Ratings News reports. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.57 billion.
Foot Locker (NYSE:FL) opened at 52.57 on Friday. Foot Locker has a 52 week low of $31.91 and a 52 week high of $52.95. The stock’s 50-day moving average is $49.58 and its 200-day moving average is $46.80. The company has a market cap of $7.607 billion and a P/E ratio of 17.24.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Wednesday, October 15th.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Foot Locker in a research note on Wednesday. They now have a $55.00 price target on the stock, up previously from $53.00. On the ratings front, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $51.33.
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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