Wall Street analysts expect Foot Locker, Inc. (NYSE:FL) to post $2.22 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Foot Locker’s earnings. The highest sales estimate is $2.27 billion and the lowest is $2.09 billion. Foot Locker posted sales of $2.11 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The business is expected to report its next quarterly earnings results on Friday, February 23rd.
According to Zacks, analysts expect that Foot Locker will report full year sales of $2.22 billion for the current financial year, with estimates ranging from $7.67 billion to $7.84 billion. For the next year, analysts anticipate that the company will post sales of $7.79 billion per share, with estimates ranging from $7.65 billion to $7.98 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Foot Locker.
Foot Locker (NYSE:FL) last released its 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. 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 period in the previous year, the firm posted $1.13 EPS. Foot Locker’s revenue for the quarter was down .8% on a year-over-year basis.
Shares of Foot Locker (NYSE FL) traded up $1.62 during midday trading on Monday, reaching $50.21. The company’s stock had a trading volume of 4,012,200 shares, compared to its average volume of 3,344,100. The stock has a market cap of $6,130.00, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 2.46 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.41 and a quick ratio of 2.09. Foot Locker has a 12 month low of $28.42 and a 12 month high of $77.86.
The company also recently declared 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 dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s dividend payout ratio is currently 31.23%.
In related news, Director Matthew M. Mckenna sold 10,899 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $1,603,700. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.73% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FL. D.A. Davidson & CO. increased its holdings in Foot Locker by 50.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after purchasing an additional 714 shares in the last quarter. Smithfield Trust Co. grew its stake in shares of Foot Locker by 276.2% during the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after acquiring an additional 2,348 shares in the last quarter. Assetmark Inc. grew its stake in shares of Foot Locker by 205.0% during the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after acquiring an additional 2,577 shares in the last quarter. Exane Derivatives grew its stake in shares of Foot Locker by 110,475.0% during the third quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock valued at $156,000 after acquiring an additional 4,419 shares in the last quarter. Finally, Court Place Advisors LLC acquired a new stake in shares of Foot Locker during the third quarter valued at about $218,000. Institutional investors and hedge funds own 90.27% 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.
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