Wall Street analysts predict that Foot Locker, Inc. (NYSE:FL) will post earnings per share of $0.92 for the current quarter, Zacks reports. Eight analysts have made estimates for Foot Locker’s earnings. The highest EPS estimate is $1.04 and the lowest is $0.79. Foot Locker reported earnings per share of $0.94 in the same quarter last year, which indicates a negative year-over-year growth rate of 2.1%. The company is expected to issue its next earnings report on Friday, August 18th.

According to Zacks, analysts expect that Foot Locker will report full year earnings of $5.11 per share for the current financial year, with EPS estimates ranging from $4.90 to $5.30. For the next financial year, analysts forecast that the firm will post earnings of $5.41 per share, with EPS estimates ranging from $5.05 to $5.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Foot Locker.

A number of brokerages have recently issued reports on FL. B. Riley restated a “buy” rating and issued a $79.00 target price on shares of Foot Locker in a research note on Friday, May 12th. Jefferies Group LLC restated a “buy” rating and issued a $88.00 target price on shares of Foot Locker in a research note on Friday, April 21st. Canaccord Genuity set a $75.00 price objective on shares of Foot Locker and gave the company a “buy” rating in a research report on Saturday, May 20th. Piper Jaffray Companies set a $60.00 price objective on shares of Foot Locker and gave the company a “hold” rating in a research report on Saturday, May 20th. Finally, Citigroup Inc. lowered their price objective on shares of Foot Locker from $92.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, May 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Foot Locker has a consensus rating of “Buy” and an average price target of $74.79.

In other Foot Locker news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total value of $332,640.00. Following the completion of the sale, the director now owns 8,964 shares in the company, valued at approximately $532,461.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paulette Alviti sold 8,000 shares of the firm’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $74.50, for a total transaction of $596,000.00. Following the completion of the sale, the senior vice president now owns 36,641 shares of the company’s stock, valued at approximately $2,729,754.50. The disclosure for this sale can be found here. Company insiders own 1.73% of the company’s stock.

A number of large investors have recently bought and sold shares of FL. YorkBridge Wealth Partners LLC boosted its stake in Foot Locker by 18.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer’s stock valued at $104,000 after buying an additional 213 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Foot Locker by 50.0% in the first quarter. Acrospire Investment Management LLC now owns 1,500 shares of the athletic footwear retailer’s stock valued at $112,000 after buying an additional 500 shares during the last quarter. Van ECK Associates Corp boosted its stake in Foot Locker by 5.6% in the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock valued at $153,000 after buying an additional 109 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock valued at $197,000 after buying an additional 88 shares during the last quarter. Finally, Tocqueville Asset Management L.P. bought a new stake in Foot Locker during the first quarter valued at $204,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

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Foot Locker (NYSE:FL) traded up 0.5198% on Wednesday, reaching $48.8325. The company had a trading volume of 926,336 shares. Foot Locker has a 52-week low of $44.87 and a 52-week high of $79.43. The stock has a 50 day moving average price of $51.74 and a 200 day moving average price of $66.90. The stock has a market capitalization of $6.41 billion, a PE ratio of 10.0190 and a beta of 0.70.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Wednesday, July 12th. Foot Locker’s dividend payout ratio (DPR) is currently 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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Earnings History and Estimates for Foot Locker (NYSE:FL)

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