Wedbush reiterated their outperform rating on shares of Foot Locker (NYSE:FL) in a research report sent to investors on Monday, November 20th. They currently have a $39.00 price target on the athletic footwear retailer’s stock, down from their previous price target of $46.00. Wedbush also issued estimates for Foot Locker’s Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $1.27 EPS, Q4 2018 earnings at $1.20 EPS, FY2018 earnings at $4.05 EPS, FY2018 earnings at $4.09 EPS, FY2019 earnings at $3.90 EPS and FY2019 earnings at $3.85 EPS.
FL has been the subject of several other research reports. BidaskClub lowered shares of Foot Locker from a sell rating to a strong sell rating in a research report on Tuesday, July 25th. Cowen reaffirmed a hold rating and set a $52.00 price objective on shares of Foot Locker in a report on Friday, July 28th. Credit Suisse Group reaffirmed a neutral rating and set a $52.00 price objective (down from $66.00) on shares of Foot Locker in a report on Tuesday, August 1st. Jefferies Group reaffirmed a buy rating and set a $80.00 price objective on shares of Foot Locker in a report on Thursday, August 3rd. Finally, Barclays set a $80.00 price target on shares of Foot Locker and gave the stock a buy rating in a report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned a buy rating to the stock. Foot Locker has an average rating of Hold and an average price target of $52.27.
Foot Locker (FL) traded up $0.40 during trading on Monday, hitting $43.22. 5,177,623 shares of the company were exchanged, compared to its average volume of 3,590,286. The firm has a market cap of $5,381.50, a P/E ratio of 10.28, a PEG ratio of 2.13 and a beta of 0.84. The company has a quick ratio of 2.08, a current ratio of 4.39 and a debt-to-equity ratio of 0.05. Foot Locker has a 52 week low of $28.42 and a 52 week high of $79.43.
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 Zacks’ consensus estimate of $0.80 by $0.07. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business posted $1.13 EPS. Foot Locker’s quarterly revenue was down .8% on a year-over-year basis. analysts anticipate that Foot Locker will post 4.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s dividend payout ratio is 31.16%.
Several institutional investors have recently modified their holdings of the company. Thrivent Financial For Lutherans lifted its stake in Foot Locker by 4.0% in the first quarter. Thrivent Financial For Lutherans now owns 4,890 shares of the athletic footwear retailer’s stock worth $366,000 after acquiring an additional 190 shares during the period. Renaissance Technologies LLC purchased a new stake in Foot Locker in the first quarter worth $5,566,000. Mn Services Vermogensbeheer B.V. lifted its stake in Foot Locker by 505.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 21,513 shares of the athletic footwear retailer’s stock worth $1,060,000 after acquiring an additional 17,959 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Foot Locker by 9.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 67,213 shares of the athletic footwear retailer’s stock worth $3,312,000 after acquiring an additional 5,700 shares during the period. Finally, LS Investment Advisors LLC lifted its stake in Foot Locker by 24.6% in the second quarter. LS Investment Advisors LLC now owns 6,396 shares of the athletic footwear retailer’s stock worth $315,000 after acquiring an additional 1,262 shares during the period. Hedge funds and other institutional investors own 88.08% 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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