Foot Locker, Inc. (FL) Expected to Announce Earnings of $1.24 Per Share

Brokerages expect Foot Locker, Inc. (NYSE:FL) to post earnings of $1.24 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Foot Locker’s earnings. The lowest EPS estimate is $1.14 and the highest is $1.31. Foot Locker reported earnings per share of $1.37 during the same quarter last year, which suggests a negative year-over-year growth rate of 9.5%. The firm is expected to report its next earnings report before the market opens on Friday, February 23rd.

On average, analysts expect that Foot Locker will report full-year earnings of $4.10 per share for the current year, with EPS estimates ranging from $4.03 to $4.16. For the next year, analysts expect that the business will report earnings of $4.30 per share, with EPS estimates ranging from $3.60 to $4.89. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Foot Locker.

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

FL has been the subject of a number of research reports. Deutsche Bank upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and raised their target price for the stock from $38.00 to $45.00 in a research note on Friday, November 17th. Piper Jaffray Companies set a $35.00 target price on shares of Foot Locker and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded shares of Foot Locker from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Tuesday, December 26th. Buckingham Research cut shares of Foot Locker from a “buy” rating to a “neutral” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Finally, Cowen restated a “hold” rating and set a $33.00 target price on shares of Foot Locker in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $56.15.

Shares of Foot Locker (NYSE FL) opened at $45.63 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.09 and a current ratio of 4.41. The stock has a market cap of $5,530.00, a PE ratio of 11.49, a PEG ratio of 2.25 and a beta of 0.80. Foot Locker has a 12 month low of $28.42 and a 12 month high of $77.86.

The business also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Friday, January 19th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Thursday, January 18th. Foot Locker’s dividend payout ratio (DPR) is presently 31.23%.

In related news, Director Matthew M. Mckenna sold 10,899 shares of Foot Locker stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $45.82, for a total transaction of $499,392.18. Following the sale, the director now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, SVP Giovanna Cipriano sold 21,000 shares of Foot Locker stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $50.05, for a total transaction of $1,051,050.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,899 shares of company stock worth $2,801,692 over the last ninety days. 1.73% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in FL. D.A. Davidson & CO. grew its holdings in shares of Foot Locker by 50.3% during 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 during the last quarter. Smithfield Trust Co. grew its holdings in shares of Foot Locker by 276.2% during the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after purchasing an additional 2,348 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Foot Locker by 205.0% during the 3rd quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after purchasing an additional 2,577 shares during the last quarter. Exane Derivatives grew its holdings in shares of Foot Locker by 110,475.0% during the 3rd quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock valued at $156,000 after purchasing an additional 4,419 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Foot Locker during the 4th quarter valued at approximately $188,000. 89.01% of the stock is currently owned by institutional investors.

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

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