$0.92 EPS Expected for Foot Locker, Inc. (FL) This Quarter
Brokerages forecast that Foot Locker, Inc. (NYSE:FL) will post $0.92 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Foot Locker’s earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $1.04. Foot Locker reported earnings of $0.94 per share during the same quarter last year, which would suggest a negative year over year growth rate of 2.1%. The business is expected to announce its next quarterly earnings results on Friday, August 18th.
On average, analysts expect that Foot Locker will report full-year earnings of $5.11 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.30. For the next year, analysts expect that the business will report earnings of $5.41 per share, with EPS estimates ranging from $5.05 to $5.70. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Foot Locker.
Several research analysts have recently commented on FL shares. Jefferies Group LLC set a $80.00 price target on shares of Foot Locker and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Bank of America Corporation lowered shares of Foot Locker from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $84.00 to $65.00 in a research note on Friday, May 19th. Deutsche Bank AG restated a “buy” rating and set a $88.00 price target (down previously from $89.00) on shares of Foot Locker in a research note on Sunday, April 23rd. Wedbush restated an “outperform” rating and set a $83.00 price target on shares of Foot Locker in a research note on Wednesday, May 17th. Finally, Barclays PLC restated an “overweight” rating and set a $80.00 price target on shares of Foot Locker in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Foot Locker has an average rating of “Buy” and an average target price of $74.79.
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Foot Locker (NYSE FL) traded down 1.60% during trading on Wednesday, hitting $47.21. 3,775,107 shares of the company traded hands. The firm has a market cap of $6.20 billion, a P/E ratio of 9.69 and a beta of 0.70. Foot Locker has a one year low of $44.87 and a one year high of $79.43. The firm has a 50 day moving average of $51.09 and a 200 day moving average of $66.63.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Wednesday, July 12th. Foot Locker’s dividend payout ratio (DPR) is presently 25.36%.
In other news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the completion of the transaction, the director now directly owns 8,964 shares of the company’s stock, valued at approximately $532,461.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC increased its position in Foot Locker by 7.7% in the second quarter. Quantitative Systematic Strategies LLC now owns 35,864 shares of the athletic footwear retailer’s stock worth $1,747,000 after buying an additional 2,577 shares during the last quarter. Northstar Asset Management LLC acquired a new position in Foot Locker during the second quarter worth approximately $518,000. APG Asset Management N.V. increased its position in Foot Locker by 23.4% in the second quarter. APG Asset Management N.V. now owns 2,497,431 shares of the athletic footwear retailer’s stock worth $123,073,000 after buying an additional 473,289 shares during the last quarter. Rothschild Investment Corp IL increased its position in Foot Locker by 22.9% in the second quarter. Rothschild Investment Corp IL now owns 25,225 shares of the athletic footwear retailer’s stock worth $1,243,000 after buying an additional 4,700 shares during the last quarter. Finally, Private Capital Management Inc. acquired a new position in Foot Locker during the second quarter worth approximately $338,000. 93.68% of the stock is owned by institutional investors.
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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