Q3 2019 EPS Estimates for Foot Locker, Inc. (FL) Boosted by Oppenheimer

Foot Locker, Inc. (NYSE:FL) – Investment analysts at Oppenheimer boosted their Q3 2019 earnings per share (EPS) estimates for Foot Locker in a research report issued to clients and investors on Tuesday. Oppenheimer analyst A. Andreeva now anticipates that the athletic footwear retailer will post earnings per share of $1.14 for the quarter, up from their prior estimate of $0.93. Oppenheimer also issued estimates for Foot Locker’s FY2019 earnings at $4.74 EPS.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. The company had revenue of $1.87 billion during 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%. Foot Locker’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 earnings per share.

FL has been the subject of several other research reports. Deutsche Bank raised Foot Locker from a “hold” rating to a “buy” rating and raised their price target for the stock from $38.00 to $45.00 in a research report on Friday, November 17th. Piper Jaffray Companies set a $35.00 price target on Foot Locker and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Tuesday, December 26th. Buckingham Research downgraded Foot Locker from a “buy” rating to a “neutral” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, ValuEngine raised Foot Locker from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $54.34.

Foot Locker (NYSE FL) traded up $1.62 during trading on Friday, reaching $50.21. The company’s stock had a trading volume of 4,010,587 shares, compared to its average volume of 3,540,000. The company has a quick ratio of 2.09, a current ratio of 4.41 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $6,090.00, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 2.35 and a beta of 0.82. Foot Locker has a one year low of $28.42 and a one year high of $77.86.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s payout ratio is currently 31.23%.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Foot Locker by 1.6% during the second quarter. Vanguard Group Inc. now owns 13,187,732 shares of the athletic footwear retailer’s stock worth $649,891,000 after purchasing an additional 201,518 shares in the last quarter. Bank of New York Mellon Corp lifted its stake 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 acquiring an additional 870,899 shares in the last quarter. APG Asset Management N.V. lifted its stake 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 acquiring an additional 279,200 shares in the last quarter. Renaissance Technologies LLC lifted its stake 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 acquiring an additional 1,297,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Foot Locker by 36.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock worth $46,817,000 after acquiring an additional 357,669 shares in the last quarter. Institutional investors own 89.91% 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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