$0.92 EPS Expected for Foot Locker, Inc. (FL) This Quarter
Analysts expect Foot Locker, Inc. (NYSE:FL) to report $0.92 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Foot Locker’s earnings, with estimates ranging from $0.79 to $1.04. Foot Locker reported earnings per share of $0.94 during the same quarter last year, which suggests a negative year over year growth rate of 2.1%. The firm is expected to issue its next quarterly earnings report on Friday, August 18th.
According to Zacks, analysts expect that Foot Locker will report full-year earnings of $5.10 per share for the current financial year, with EPS estimates ranging from $4.90 to $5.30. For the next fiscal year, analysts expect that the business will report earnings of $5.41 per share, with EPS estimates ranging from $5.05 to $5.70. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Foot Locker.
Several research firms have commented on FL. B. Riley reiterated a “buy” rating and set a $79.00 price objective on shares of Foot Locker in a research report on Wednesday, April 26th. BidaskClub upgraded shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Cowen and Company reiterated a “hold” rating and set a $52.00 price objective on shares of Foot Locker in a research report on Friday, July 28th. Jefferies Group LLC set a $80.00 price objective on shares of Foot Locker and gave the company a “buy” rating in a research report on Saturday, May 20th. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $72.92.
In related 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 transaction, the director now owns 8,964 shares of the company’s stock, valued at approximately $532,461.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.73% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of FL. Aristotle Fund L.P. acquired a new position in shares of Foot Locker during the second quarter valued at about $5,091,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Foot Locker by 8.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,660 shares of the athletic footwear retailer’s stock valued at $575,000 after buying an additional 877 shares during the last quarter. Renaissance Group LLC boosted its position in shares of Foot Locker by 0.8% in the second quarter. Renaissance Group LLC now owns 461,820 shares of the athletic footwear retailer’s stock valued at $22,758,000 after buying an additional 3,604 shares during the last quarter. Tobam boosted its position in shares of Foot Locker by 47.1% in the second quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock valued at $21,114,000 after buying an additional 137,206 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Foot Locker by 49.6% in the second quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock valued at $194,000 after buying an additional 1,305 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.
Shares of Foot Locker (NYSE:FL) traded up 2.46% during trading on Tuesday, reaching $50.04. 5,053,699 shares of the company were exchanged. The stock’s 50 day moving average is $48.41 and its 200 day moving average is $64.80. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 10.27 and a beta of 0.68. Foot Locker has a 1-year low of $44.59 and a 1-year high of $79.43.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, July 12th. Foot Locker’s dividend payout ratio is presently 25.36%.
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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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