Foot Locker, Inc. (NYSE:FL) – Research analysts at B. Riley upped their FY2018 earnings per share (EPS) estimates for Foot Locker in a research note issued to investors on Monday. B. Riley analyst S. Anderson now expects that the athletic footwear retailer will earn $4.16 per share for the year, up from their prior forecast of $3.90. B. Riley currently has a “Hold” rating and a $40.00 target price on the stock. B. Riley also issued estimates for Foot Locker’s Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $1.26 EPS and FY2019 earnings at $4.35 EPS.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.07. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business earned $1.13 earnings per share. The company’s revenue was down .8% on a year-over-year basis. TRADEMARK VIOLATION WARNING: This article was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/11/21/foot-locker-inc-to-post-fy2018-earnings-of-4-16-per-share-b-riley-forecasts-fl.html.

A number of other research firms have also recently commented on FL. BidaskClub cut Foot Locker from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. 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. Credit Suisse Group reiterated a “neutral” rating and set a $52.00 price objective (down previously from $66.00) on shares of Foot Locker in a research report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and set a $80.00 price objective on shares of Foot Locker in a research report on Thursday, August 3rd. Finally, Barclays PLC set a $80.00 price objective on Foot Locker and gave the company a “buy” rating in a research report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $53.26.

Foot Locker (FL) traded down $0.13 during mid-day trading on Tuesday, hitting $40.69. The stock had a trading volume of 11,052,300 shares, compared to its average volume of 3,465,068. Foot Locker has a 52-week low of $28.42 and a 52-week high of $79.43. The company has a quick ratio of 2.08, a current ratio of 4.39 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $5,050.00, a PE ratio of 9.67, a P/E/G ratio of 2.84 and a beta of 0.66.

A number of hedge funds have recently modified their holdings of FL. Vanguard Group Inc. raised its holdings in shares of Foot Locker by 1.6% in the second quarter. Vanguard Group Inc. now owns 13,187,732 shares of the athletic footwear retailer’s stock worth $649,891,000 after buying an additional 201,518 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Foot Locker by 32.0% in the third quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock worth $126,495,000 after buying an additional 870,899 shares during the period. APG Asset Management N.V. raised its holdings in shares of Foot Locker by 11.2% in the third quarter. APG Asset Management N.V. now owns 2,776,631 shares of the athletic footwear retailer’s stock worth $97,793,000 after buying an additional 279,200 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Foot Locker by 65.3% in the second quarter. Canada Pension Plan Investment Board now owns 1,819,210 shares of the athletic footwear retailer’s stock worth $89,651,000 after buying an additional 718,800 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Foot Locker by 1,744.5% in the second quarter. Renaissance Technologies LLC now owns 1,372,300 shares of the athletic footwear retailer’s stock worth $67,627,000 after buying an additional 1,297,900 shares during the period. Institutional investors and hedge funds own 87.42% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, January 18th. This represents a $1.24 dividend on an annualized basis and a yield of 3.05%. Foot Locker’s dividend payout ratio (DPR) is presently 31.23%.

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.

Earnings History and Estimates for Foot Locker (NYSE:FL)

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