Foot Locker, Inc. (NYSE:FL) – Analysts at Jefferies Group upped their FY2018 earnings estimates for shares of Foot Locker in a research note issued to investors on Tuesday. Jefferies Group analyst R. Konik now forecasts that the athletic footwear retailer will earn $4.07 per share for the year, up from their prior estimate of $3.95. Jefferies Group has a “Buy” rating and a $61.00 price target on the stock. Jefferies Group also issued estimates for Foot Locker’s Q4 2018 earnings at $1.23 EPS.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.13 EPS.

Several other equities research analysts have also recently weighed in on FL. FBR & Co reissued a “neutral” rating and set a $58.00 price target on shares of Foot Locker in a research report on Tuesday, August 15th. Oppenheimer restated a “hold” rating on shares of Foot Locker in a report on Tuesday, August 15th. Telsey Advisory Group lowered shares of Foot Locker from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a report on Friday, August 18th. Deutsche Bank lowered shares of Foot Locker from a “buy” rating to a “hold” rating and upped their price objective for the stock from $49.00 to $72.00 in a report on Friday, August 18th. Finally, Wells Fargo & Company lowered shares of Foot Locker from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $55.00 to $37.00 in a report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $52.27.

Shares of Foot Locker (FL) traded up $0.16 on Wednesday, reaching $44.57. 2,921,700 shares of the company’s stock traded hands, compared to its average volume of 3,586,150. The stock has a market cap of $5,506.73, a PE ratio of 10.52, a P/E/G ratio of 2.18 and a beta of 0.84. The company has a quick ratio of 2.09, a current ratio of 4.41 and a debt-to-equity ratio of 0.05. Foot Locker has a fifty-two week low of $28.42 and a fifty-two week high of $78.18.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.24 annualized dividend and a dividend yield of 2.78%. Foot Locker’s payout ratio is 31.16%.

Several institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. increased its stake in shares of Foot Locker by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock worth $311,000 after acquiring an additional 17 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Foot Locker by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock worth $247,000 after acquiring an additional 120 shares in the last quarter. Empirical Finance LLC increased its stake in shares of Foot Locker by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 31,054 shares of the athletic footwear retailer’s stock worth $1,531,000 after acquiring an additional 205 shares in the last quarter. Formidable Asset Management LLC increased its stake in shares of Foot Locker by 2.8% in the 2nd quarter. Formidable Asset Management LLC now owns 12,446 shares of the athletic footwear retailer’s stock worth $613,000 after acquiring an additional 336 shares in the last quarter. Finally, Ffcm LLC increased its stake in shares of Foot Locker by 9.3% in the 2nd quarter. Ffcm LLC now owns 4,072 shares of the athletic footwear retailer’s stock worth $201,000 after acquiring an additional 348 shares in the last quarter. Institutional investors own 88.08% of the company’s stock.

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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.

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

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