Wall Street analysts predict that Foot Locker, Inc. (NYSE:FL) will report earnings per share (EPS) of $1.35 for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Foot Locker’s earnings. The highest EPS estimate is $1.44 and the lowest is $1.30. Foot Locker posted earnings of $1.26 per share during the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The company is expected to announce its next quarterly 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 financial year, with EPS estimates ranging from $4.45 to $4.60. For the next financial year, analysts forecast that the business will post earnings of $4.87 per share, with EPS estimates ranging from $4.55 to $5.08. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Foot Locker.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Tuesday, November 20th. The athletic footwear retailer reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.03. Foot Locker had a net margin of 4.24% and a return on equity of 21.01%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm earned $0.87 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year.
A number of research firms have weighed in on FL. Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Wednesday, November 28th. Piper Jaffray Companies set a $51.00 price objective on shares of Foot Locker and gave the company a “hold” rating in a research note on Wednesday, November 21st. B. Riley set a $51.00 price objective on shares of Foot Locker and gave the company a “neutral” rating in a research note on Wednesday, November 21st. Canaccord Genuity set a $64.00 price objective on shares of Foot Locker and gave the stock a “buy” rating in a research report on Wednesday, November 21st. Finally, Wells Fargo & Co lowered their price objective on shares of Foot Locker from $57.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Foot Locker presently has an average rating of “Buy” and an average target price of $59.09.
Shares of Foot Locker stock traded down $1.42 during trading hours on Friday, reaching $53.05. The company’s stock had a trading volume of 1,945,329 shares, compared to its average volume of 3,370,041. Foot Locker has a one year low of $38.17 and a one year high of $59.40. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 1.61 and a beta of 0.85. The company has a current ratio of 3.42, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Friday, January 18th will be paid a $0.345 dividend. The ex-dividend date is Thursday, January 17th. This represents a $1.38 annualized dividend and a dividend yield of 2.60%. Foot Locker’s payout ratio is 33.58%.
In other news, VP John A. Maurer sold 5,000 shares of Foot Locker stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the transaction, the vice president now owns 25,581 shares in the company, valued at $1,355,793. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew M. Mckenna sold 7,000 shares of the business’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 transaction of $355,670.00. Following the transaction, the director now directly owns 30,459 shares of the company’s stock, valued at approximately $1,547,621.79. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC purchased a new position in Foot Locker during the third quarter valued at approximately $124,000. Stratos Wealth Partners LTD. bought a new position in Foot Locker during the 3rd quarter valued at about $146,000. Stephens Inc. AR bought a new position in Foot Locker during the 2nd quarter valued at about $203,000. Fiera Capital Corp bought a new position in Foot Locker during the 2nd quarter valued at about $208,000. Finally, Advisors Asset Management Inc. lifted its stake in Foot Locker by 61.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,176 shares of the athletic footwear retailer’s stock valued at $220,000 after acquiring an additional 1,592 shares during the period. 99.96% of the stock is owned by institutional investors.
About Foot Locker
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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