Analysts predict that Foot Locker, Inc. (NYSE:FL) will report earnings of $1.35 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Foot Locker’s earnings. The lowest EPS estimate is $1.30 and the highest is $1.44. Foot Locker posted earnings per share of $1.26 in the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The business is expected to issue its next earnings results on Friday, March 1st.
On average, analysts expect that Foot Locker will report full-year earnings of $4.50 per share for the current year, with EPS estimates ranging from $4.45 to $4.60. For the next financial year, analysts forecast that the business will report earnings of $4.87 per share, with EPS estimates ranging from $4.55 to $5.08. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Foot Locker.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Tuesday, November 20th. The athletic footwear retailer reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.03. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.86 billion. Foot Locker had a return on equity of 21.01% and a net margin of 4.24%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS.
FL has been the topic of a number of research reports. OTR Global upgraded Foot Locker to a “positive” rating in a research note on Thursday, August 16th. Zacks Investment Research downgraded Foot Locker from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Wells Fargo & Co raised Foot Locker from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $50.00 to $58.00 in a research report on Monday, September 10th. ValuEngine raised Foot Locker from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Finally, Canaccord Genuity set a $63.00 price objective on Foot Locker and gave the stock a “buy” rating in a research report on Monday, September 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $59.09.
NYSE:FL traded down $1.42 during mid-day trading on Friday, reaching $53.05. 1,945,329 shares of the stock were exchanged, compared to its average volume of 3,370,041. The company has a market capitalization of $6.26 billion, a PE ratio of 12.91, a P/E/G ratio of 1.61 and a beta of 0.85. The company has a quick ratio of 1.54, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Foot Locker has a 1 year low of $38.17 and a 1 year high of $59.40.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Friday, January 18th will be issued a $0.345 dividend. The ex-dividend date of this dividend is Thursday, January 17th. This represents a $1.38 annualized dividend and a dividend yield of 2.60%. Foot Locker’s dividend payout ratio is currently 33.58%.
In other news, VP John A. Maurer sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the sale, the vice president now directly owns 25,581 shares of the company’s stock, valued at approximately $1,355,793. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew M. Mckenna sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $50.81, for a total value of $355,670.00. Following the completion of the sale, the director now directly owns 30,459 shares of the company’s stock, valued at $1,547,621.79. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of FL. Vanguard Group Inc. raised its holdings in Foot Locker by 0.7% during the third quarter. Vanguard Group Inc. now owns 12,178,329 shares of the athletic footwear retailer’s stock worth $620,851,000 after purchasing an additional 85,314 shares during the last quarter. BlackRock Inc. raised its holdings in Foot Locker by 0.3% during the third quarter. BlackRock Inc. now owns 6,900,629 shares of the athletic footwear retailer’s stock worth $351,793,000 after purchasing an additional 18,239 shares during the last quarter. AQR Capital Management LLC raised its holdings in Foot Locker by 140.8% during the third quarter. AQR Capital Management LLC now owns 5,694,180 shares of the athletic footwear retailer’s stock worth $290,289,000 after purchasing an additional 3,329,150 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Foot Locker by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 5,248,477 shares of the athletic footwear retailer’s stock worth $267,569,000 after purchasing an additional 144,290 shares during the last quarter. Finally, Investec Asset Management LTD raised its holdings in Foot Locker by 2.1% during the second quarter. Investec Asset Management LTD now owns 3,287,156 shares of the athletic footwear retailer’s stock worth $173,069,000 after purchasing an additional 67,060 shares during the last quarter. 99.96% of the stock is owned by institutional investors and hedge funds.
Foot Locker Company Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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