Zacks: Brokerages Anticipate Foot Locker, Inc. (FL) to Post $0.94 Earnings Per Share
Analysts forecast that Foot Locker, Inc. (NYSE:FL) will report earnings of $0.94 per share for the current quarter, according to Zacks. Eight analysts have issued estimates for Foot Locker’s earnings, with estimates ranging from $0.89 to $1.05. Foot Locker also reported earnings of $0.94 per share in the same quarter last year. The company is expected to announce its next earnings results on Friday, August 18th.
According to Zacks, analysts expect that Foot Locker will report full year earnings of $5.16 per share for the current financial year, with EPS estimates ranging from $5.00 to $5.32. For the next fiscal year, analysts expect that the business will post earnings of $5.49 per share, with EPS estimates ranging from $5.05 to $5.84. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Foot Locker.
Several research analysts have recently issued reports on FL shares. Canaccord Genuity boosted their price objective on shares of Foot Locker from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, February 27th. Deutsche Bank AG decreased their target price on shares of Foot Locker from $90.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday, March 24th. Zacks Investment Research lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a research report on Thursday, March 2nd. Credit Suisse Group reiterated a “hold” rating and set a $77.00 target price on shares of Foot Locker in a research report on Wednesday, March 1st. Finally, Jefferies Group LLC set a $90.00 target price on shares of Foot Locker and gave the company a “buy” rating in a research report on Monday, March 27th. Eight investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Foot Locker currently has a consensus rating of “Buy” and an average target price of $74.62.
In other Foot Locker news, SVP Paulette Alviti sold 8,000 shares of the business’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $74.50, for a total value of $596,000.00. Following the completion of the transaction, the senior vice president now directly owns 36,641 shares of the company’s stock, valued at $2,729,754.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jarobin Gilbert, Jr. sold 5,600 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $59.40, for a total transaction of $332,640.00. Following the completion of the transaction, the director now directly owns 8,964 shares of the company’s stock, valued at $532,461.60. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in FL. Somerset Trust Co increased its position in shares of Foot Locker by 0.3% in the first quarter. Somerset Trust Co now owns 6,059 shares of the athletic footwear retailer’s stock worth $453,000 after buying an additional 20 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Foot Locker by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,757 shares of the athletic footwear retailer’s stock worth $550,000 after buying an additional 29 shares during the period. Baird Financial Group Inc. increased its stake in Foot Locker by 0.6% in the fourth quarter. Baird Financial Group Inc. now owns 5,475 shares of the athletic footwear retailer’s stock worth $388,000 after buying an additional 32 shares during the period. Commerce Bank increased its stake in Foot Locker by 1.3% in the first quarter. Commerce Bank now owns 6,200 shares of the athletic footwear retailer’s stock worth $464,000 after buying an additional 77 shares during the period. Finally, IFP Advisors Inc increased its stake in Foot Locker by 1.9% in the first quarter. IFP Advisors Inc now owns 4,580 shares of the athletic footwear retailer’s stock worth $343,000 after buying an additional 86 shares during the period. 96.51% of the stock is owned by institutional investors.
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Shares of Foot Locker (NYSE FL) traded up 2.0002% during trading on Friday, hitting $48.4501. 1,868,430 shares of the stock traded hands. The company has a market cap of $6.36 billion, a PE ratio of 9.9405 and a beta of 0.63. Foot Locker has a one year low of $47.25 and a one year high of $79.43. The firm has a 50 day moving average price of $63.30 and a 200-day moving average price of $70.57.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Wednesday, July 12th. Foot Locker’s dividend payout ratio is presently 25.36%.
Foot Locker Company Profile
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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