Foot Locker, Inc. (NYSE:FL) – Investment analysts at B. Riley lifted their Q4 2019 earnings estimates for shares of Foot Locker in a research note issued to investors on Monday, Zacks Investment Research reports. B. Riley analyst S. Anderson now anticipates that the athletic footwear retailer will earn $1.61 per share for the quarter, up from their prior forecast of $1.26. B. Riley currently has a “Hold” rating and a $40.00 price target on the stock. B. Riley also issued estimates for Foot Locker’s FY2020 earnings at $5.00 EPS.
FL has been the topic of several other research reports. Deutsche Bank raised shares of Foot Locker from a “hold” rating to a “buy” rating and boosted their price objective 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 company a “hold” rating in a report 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 on the stock in a report on Tuesday, December 26th. Pivotal Research set a $57.00 target price on shares of Foot Locker and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, ValuEngine upgraded shares of Foot Locker from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $54.23.
Shares of Foot Locker (FL) traded down $0.60 during trading on Wednesday, hitting $43.26. 2,161,498 shares of the company traded hands, compared to its average volume of 4,470,000. The company has a current ratio of 4.14, a quick ratio of 2.07 and a debt-to-equity ratio of 0.05. Foot Locker has a one year low of $28.42 and a one year high of $77.86. The company has a market capitalization of $5,240.00, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.52 and a beta of 0.84.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.01. Foot Locker had a net margin of 3.65% and a return on equity of 19.32%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Foot Locker’s revenue for the quarter was up 4.6% on a year-over-year basis.
Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Foot Locker by 9.6% during the fourth quarter. Bank of New York Mellon Corp now owns 3,935,081 shares of the athletic footwear retailer’s stock worth $184,475,000 after acquiring an additional 343,488 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Foot Locker by 43.0% during the fourth quarter. Two Sigma Advisers LP now owns 1,767,441 shares of the athletic footwear retailer’s stock worth $82,858,000 after acquiring an additional 531,710 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Foot Locker by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock worth $46,817,000 after acquiring an additional 357,669 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Foot Locker by 7,025.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,132,990 shares of the athletic footwear retailer’s stock worth $53,115,000 after purchasing an additional 1,117,090 shares in the last quarter. Finally, Guggenheim Capital LLC grew its position in Foot Locker by 8.6% in the 4th quarter. Guggenheim Capital LLC now owns 1,002,535 shares of the athletic footwear retailer’s stock worth $47,000,000 after purchasing an additional 79,108 shares in the last quarter. 96.49% of the stock is owned by institutional investors.
In other news, Director Jarobin Gilbert, Jr. sold 1,500 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $43.44, for a total transaction of $65,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard A. Johnson sold 25,000 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $50.05, for a total transaction of $1,251,250.00. The disclosure for this sale can be found here. Insiders have sold 69,442 shares of company stock worth $3,338,499 in the last quarter. Company insiders own 1.73% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 4th. Stockholders of record on Friday, April 20th will be issued a dividend of $0.345 per share. The ex-dividend date is Thursday, April 19th. This represents a $1.38 annualized dividend and a dividend yield of 3.19%. This is a positive change from Foot Locker’s previous quarterly dividend of $0.31. Foot Locker’s dividend payout ratio is currently 41.75%.
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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