Foot Locker, Inc. (NYSE:FL) – Analysts at Oppenheimer upped their FY2018 earnings per share (EPS) estimates for Foot Locker in a research report issued on Tuesday. Oppenheimer analyst A. Andreeva now anticipates that the athletic footwear retailer will post earnings per share of $4.09 for the year, up from their prior estimate of $4.05. Oppenheimer also issued estimates for Foot Locker’s Q4 2018 earnings at $1.25 EPS, Q1 2019 earnings at $1.45 EPS, Q2 2019 earnings at $0.77 EPS and Q4 2019 earnings at $1.39 EPS.

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

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Foot Locker from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity set a $67.00 price objective on Foot Locker and gave the stock a “buy” rating in a report on Sunday, January 7th. Buckingham Research raised Foot Locker from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Friday, January 5th. Robert W. Baird reissued a “hold” rating and set a $52.00 price objective on shares of Foot Locker in a report on Wednesday, January 3rd. Finally, Citigroup reissued a “buy” rating and set a $54.00 price objective on shares of Foot Locker in a report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.82.

Shares of Foot Locker (NYSE FL) traded up $1.11 during midday trading on Thursday, reaching $48.07. The company’s stock had a trading volume of 2,963,500 shares, compared to its average volume of 3,307,764. The company has a current ratio of 4.41, a quick ratio of 2.09 and a debt-to-equity ratio of 0.05. The company has a market cap of $5,860.00, a P/E ratio of 12.11, a P/E/G ratio of 2.30 and a beta of 0.82. Foot Locker has a 52 week low of $28.42 and a 52 week high of $77.86.

The business 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. This represents a $1.24 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, January 18th. Foot Locker’s dividend payout ratio is 31.23%.

In related news, Director Matthew M. Mckenna sold 10,899 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total value of $499,392.18. Following the sale, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,603,700. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of FL. Franklin Resources Inc. boosted its stake in Foot Locker by 53.7% in the second quarter. Franklin Resources Inc. now owns 19,035 shares of the athletic footwear retailer’s stock worth $938,000 after purchasing an additional 6,651 shares in the last quarter. Amalgamated Bank boosted its stake in Foot Locker by 17.7% in the second quarter. Amalgamated Bank now owns 25,707 shares of the athletic footwear retailer’s stock worth $1,267,000 after purchasing an additional 3,871 shares in the last quarter. BT Investment Management Ltd acquired a new position in Foot Locker in the second quarter worth $697,000. Profund Advisors LLC boosted its stake in Foot Locker by 23.0% in the second quarter. Profund Advisors LLC now owns 4,801 shares of the athletic footwear retailer’s stock worth $237,000 after purchasing an additional 897 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in Foot Locker by 2.5% in the second quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock worth $247,000 after purchasing an additional 120 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

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About Foot Locker

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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