Brokerages forecast that Foot Locker, Inc. (NYSE:FL) will announce sales of $1.85 billion for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Foot Locker’s earnings, with estimates ranging from $1.81 billion to $1.88 billion. Foot Locker reported sales of $1.89 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 2.1%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Friday, November 17th.

According to Zacks, analysts expect that Foot Locker will report full year sales of $1.85 billion for the current financial year, with estimates ranging from $7.63 billion to $7.80 billion. For the next fiscal year, analysts forecast that the company will post sales of $7.72 billion per share, with estimates ranging from $7.40 billion to $8.03 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Foot Locker.

Foot Locker (NYSE:FL) last posted its earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.28). Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business earned $0.94 earnings per share. Foot Locker’s revenue was down 4.4% on a year-over-year basis.

A number of equities research analysts have recently commented on FL shares. Deutsche Bank AG set a $72.00 target price on Foot Locker and gave the company a “buy” rating in a research report on Monday, July 17th. Barclays PLC set a $80.00 target price on Foot Locker and gave the company a “buy” rating in a research report on Saturday, August 5th. Jefferies Group LLC restated a “buy” rating and set a $80.00 target price on shares of Foot Locker in a research report on Thursday, August 3rd. Buckingham Research restated a “buy” rating and set a $47.00 target price (down from $61.00) on shares of Foot Locker in a research report on Tuesday, August 22nd. Finally, ValuEngine upgraded Foot Locker from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the stock. Foot Locker has an average rating of “Hold” and a consensus target price of $59.97.

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Hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its position in shares of Foot Locker by 50.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after buying an additional 714 shares during the period. Penserra Capital Management LLC raised its position in shares of Foot Locker by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after buying an additional 348 shares during the period. Smithfield Trust Co. raised its position in shares of Foot Locker by 276.2% during the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after buying an additional 2,348 shares during the period. Assetmark Inc. raised its position in shares of Foot Locker by 205.0% during the 3rd quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after buying an additional 2,577 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of Foot Locker by 49.6% during the 2nd 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 period. 95.20% of the stock is currently owned by hedge funds and other institutional investors.

Foot Locker (NYSE FL) traded down $0.27 during trading hours on Monday, hitting $30.34. The stock had a trading volume of 3,786,800 shares, compared to its average volume of 3,283,254. Foot Locker has a 52-week low of $28.42 and a 52-week high of $79.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 2.88. The firm has a market cap of $3,762.09, a PE ratio of 6.77, a PEG ratio of 2.11 and a beta of 0.66.

The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Thursday, October 12th. Foot Locker’s payout ratio is presently 28.57%.

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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