Wall Street analysts expect Foot Locker, Inc. (NYSE:FL) to report sales of $1.98 billion for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Foot Locker’s earnings. The highest sales estimate is $2.00 billion and the lowest is $1.92 billion. Foot Locker posted sales of $2.00 billion during the same quarter last year, which would indicate a negative year over year growth rate of 1%. The firm is expected to announce its next earnings report on Friday, May 18th.
According to Zacks, analysts expect that Foot Locker will report full year sales of $1.98 billion for the current year, with estimates ranging from $7.54 billion to $7.94 billion. For the next financial year, analysts forecast that the business will report sales of $7.92 billion per share, with estimates ranging from $7.75 billion to $8.19 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Foot Locker.
Foot Locker (NYSE:FL) last released its earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.01. Foot Locker had a return on equity of 19.32% and a net margin of 3.65%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the company posted $1.37 EPS. Foot Locker’s revenue for the quarter was up 4.6% on a year-over-year basis.
In other Foot Locker news, CEO Richard A. Johnson sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $50.05, for a total transaction of $1,251,250.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Giovanna Cipriano sold 21,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $50.05, for a total value of $1,051,050.00. The disclosure for this sale can be found here. Insiders have sold a total of 69,442 shares of company stock worth $3,338,499 in the last quarter. Company insiders own 1.73% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. 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 worth $135,000 after acquiring an additional 2,577 shares during the period. CenterStar Asset Management LLC purchased a new position in shares of Foot Locker during the 4th quarter worth approximately $138,000. Truewealth LLC purchased a new position in shares of Foot Locker during the 4th quarter worth approximately $169,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Foot Locker during the 4th quarter worth approximately $188,000. Finally, Cigna Investments Inc. New purchased a new position in shares of Foot Locker during the 4th quarter worth approximately $217,000. Hedge funds and other institutional investors own 96.49% of the company’s stock.
Shares of Foot Locker (FL) opened at $43.86 on Wednesday. Foot Locker has a 52 week low of $28.42 and a 52 week high of $77.86. The company has a quick ratio of 2.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5,250.60, a PE ratio of 20.31, a PEG ratio of 1.52 and a beta of 0.84.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 4th. Shareholders of record on Friday, April 20th will be issued a dividend of $0.345 per share. This is an increase from Foot Locker’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.15%. Foot Locker’s dividend payout ratio is 57.41%.
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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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