Brokerages Anticipate Foot Locker, Inc. (FL) Will Announce Quarterly Sales of $2.22 Billion

Analysts expect Foot Locker, Inc. (NYSE:FL) to post $2.22 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Foot Locker’s earnings, with the highest sales estimate coming in at $2.27 billion and the lowest estimate coming in at $2.09 billion. Foot Locker reported sales of $2.11 billion in the same quarter last year, which would suggest a positive year over year growth rate of 5.2%. The company is expected to issue its next earnings results before the market opens on Friday, March 2nd.

On average, analysts expect that Foot Locker will report full-year sales of $2.22 billion for the current year, with estimates ranging from $7.67 billion to $7.84 billion. For the next fiscal year, analysts anticipate that the firm 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 averages are a mean average based on a survey of analysts that that provide coverage for Foot Locker.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS 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 return on equity of 19.96% and a net margin of 6.79%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 EPS.

Several equities research analysts recently commented on FL shares. Deutsche Bank raised Foot Locker from a “hold” rating to a “buy” rating and boosted their price target for the company from $38.00 to $45.00 in a research note on Friday, November 17th. Piper Jaffray Companies set a $35.00 target price 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 target price for the company in a research report on Tuesday, December 26th. Buckingham Research cut 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, Cowen reaffirmed a “hold” rating and set a $33.00 target price on shares of Foot Locker in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Foot Locker presently has a consensus rating of “Hold” and a consensus target price of $56.15.

Shares of Foot Locker (FL) opened at $48.01 on Thursday. The company has a market capitalization of $5,774.21, a P/E ratio of 11.29, a P/E/G ratio of 2.22 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 company has a quick ratio of 2.09, a current ratio of 4.41 and a debt-to-equity ratio of 0.05.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, January 19th were paid a dividend of $0.31 per share. The ex-dividend date was Thursday, January 18th. This represents a $1.24 annualized dividend and a yield of 2.58%. Foot Locker’s dividend payout ratio is currently 31.16%.

In other news, SVP Giovanna Cipriano sold 21,000 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $50.05, for a total transaction of $1,051,050.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Matthew M. Mckenna sold 10,899 shares of the 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 in the company, valued at approximately $1,603,700. The disclosure for this sale can be found here. Insiders have sold 56,899 shares of company stock valued at $2,801,692 over the last quarter. Corporate insiders own 2.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Thrivent Financial For Lutherans boosted its holdings 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 valued at $247,000 after acquiring an additional 120 shares during the last quarter. Afam Capital Inc. boosted its holdings in Foot Locker by 3.0% in the second quarter. Afam Capital Inc. now owns 19,624 shares of the athletic footwear retailer’s stock valued at $967,000 after acquiring an additional 573 shares during the last quarter. Advisory Services Network LLC boosted its holdings in Foot Locker by 13.1% in the second quarter. Advisory Services Network LLC now owns 5,467 shares of the athletic footwear retailer’s stock valued at $269,000 after acquiring an additional 632 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Foot Locker by 50.3% in the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after acquiring an additional 714 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings 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 valued at $237,000 after acquiring an additional 897 shares during the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

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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.

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

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