Brokerages Anticipate Foot Locker, Inc. (NYSE:FL) to Post $1.46 EPS

Equities research analysts forecast that Foot Locker, Inc. (NYSE:FL) will announce $1.46 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Foot Locker’s earnings. The lowest EPS estimate is $1.39 and the highest is $1.50. Foot Locker reported earnings per share of $1.55 during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.8%. The firm is scheduled to announce its next earnings results on Friday, February 25th.

On average, analysts expect that Foot Locker will report full year earnings of $7.51 per share for the current fiscal year, with EPS estimates ranging from $7.03 to $7.61. For the next year, analysts anticipate that the company will post earnings of $6.37 per share, with EPS estimates ranging from $5.72 to $6.88. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Foot Locker.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, November 19th. The athletic footwear retailer reported $1.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.56. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Foot Locker had a net margin of 10.37% and a return on equity of 25.89%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.21 earnings per share.

A number of research firms have recently weighed in on FL. JPMorgan Chase & Co. reduced their price target on shares of Foot Locker from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Monday, October 18th. Telsey Advisory Group decreased their price target on shares of Foot Locker from $67.00 to $64.00 and set a “market perform” rating for the company in a research note on Tuesday, November 16th. Bank of America began coverage on shares of Foot Locker in a report on Thursday, September 30th. They set an “underperform” rating and a $45.00 price objective on the stock. Pivotal Research upped their price objective on shares of Foot Locker from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, August 18th. Finally, Wedbush started coverage on Foot Locker in a research note on Monday, October 4th. They set a “neutral” rating and a $51.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $65.37.

Shares of FL opened at $49.84 on Thursday. Foot Locker has a fifty-two week low of $36.94 and a fifty-two week high of $66.71. The firm has a market capitalization of $5.17 billion, a PE ratio of 5.72, a PEG ratio of 0.25 and a beta of 1.43. The company’s 50-day moving average is $49.86 and its 200-day moving average is $55.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.65 and a quick ratio of 0.91.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 28th. Stockholders of record on Friday, January 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, January 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.41%. Foot Locker’s payout ratio is currently 13.78%.

In related news, Director Matthew M. Mckenna sold 10,214 shares of Foot Locker stock in a transaction that occurred on Monday, November 8th. The stock was sold at an average price of $52.97, for a total transaction of $541,035.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in FL. Lazard Asset Management LLC purchased a new position in shares of Foot Locker in the second quarter valued at approximately $42,000. Keel Point LLC acquired a new stake in Foot Locker during the second quarter worth $353,000. Captrust Financial Advisors increased its stake in Foot Locker by 46.6% during the first quarter. Captrust Financial Advisors now owns 1,023 shares of the athletic footwear retailer’s stock worth $58,000 after acquiring an additional 325 shares during the last quarter. First Command Bank grew its stake in shares of Foot Locker by 111.9% in the second quarter. First Command Bank now owns 1,157 shares of the athletic footwear retailer’s stock valued at $71,000 after buying an additional 611 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Foot Locker by 273.7% in the second quarter. Exchange Traded Concepts LLC now owns 1,394 shares of the athletic footwear retailer’s stock valued at $86,000 after buying an additional 1,021 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

About Foot Locker

Foot Locker, Inc engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific.

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