Foot Locker, Inc. (FL) to Post FY2018 Earnings of $4.09 Per Share, Oppenheimer Forecasts
Foot Locker, Inc. (NYSE:FL) – Stock analysts at Oppenheimer boosted their FY2018 earnings per share (EPS) estimates for Foot Locker in a research report issued to clients and investors on Tuesday. Oppenheimer analyst A. Andreeva now forecasts that the athletic footwear retailer will earn $4.09 per share for the year, up from their prior forecast of $4.05. Oppenheimer also issued estimates for Foot Locker’s Q4 2018 earnings at $1.25 EPS, Q1 2019 earnings at $1.45 EPS, Q2 2019 earnings at $0.77 EPS and Q4 2019 earnings at $1.39 EPS.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating the 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 the consensus estimate of $1.82 billion. During the same quarter last year, the firm posted $1.13 EPS. Foot Locker’s revenue was down .8% compared to the same quarter last year.
Foot Locker (FL) traded up $1.62 during midday trading on Thursday, reaching $50.21. 4,010,587 shares of the company traded hands, compared to its average volume of 3,540,000. Foot Locker has a twelve month low of $28.42 and a twelve month high of $77.86. The company has a current ratio of 4.41, a quick ratio of 2.09 and a debt-to-equity ratio of 0.05. The firm has a market cap of $6,090.00, a P/E ratio of 12.65, a P/E/G ratio of 2.38 and a beta of 0.82.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, January 18th. Foot Locker’s dividend payout ratio is 31.23%.
In other news, Director Matthew M. Mckenna sold 10,899 shares of Foot Locker stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total transaction of $499,392.18. Following the sale, the director now directly owns 35,000 shares in the company, valued at approximately $1,603,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FL. Franklin Resources Inc. raised its stake in shares of Foot Locker by 53.7% during the 2nd quarter. Franklin Resources Inc. now owns 19,035 shares of the athletic footwear retailer’s stock worth $938,000 after purchasing an additional 6,651 shares during the period. Amalgamated Bank raised its stake in shares of Foot Locker by 17.7% during the 2nd quarter. Amalgamated Bank now owns 25,707 shares of the athletic footwear retailer’s stock worth $1,267,000 after purchasing an additional 3,871 shares during the period. BT Investment Management Ltd bought a new stake in shares of Foot Locker during the 2nd quarter worth $697,000. Profund Advisors LLC raised its stake in shares of Foot Locker by 23.0% during the 2nd quarter. Profund Advisors LLC now owns 4,801 shares of the athletic footwear retailer’s stock worth $237,000 after purchasing an additional 897 shares during the period. Finally, Thrivent Financial For Lutherans raised its stake in shares of Foot Locker by 2.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock worth $247,000 after purchasing an additional 120 shares during the period. Institutional investors own 89.91% of the company’s stock.
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About Foot Locker
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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