Brokers Issue Forecasts for Foot Locker, Inc.’s FY2018 Earnings (FL)
Foot Locker, Inc. (NYSE:FL) – Analysts at B. Riley increased their FY2018 earnings per share estimates for Foot Locker in a report issued on Monday. B. Riley analyst S. Anderson now forecasts that the athletic footwear retailer will post earnings of $4.16 per share for the year, up from their previous estimate of $3.90. B. Riley has a “Hold” rating and a $40.00 price target on the stock. B. Riley also issued estimates for Foot Locker’s Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $1.26 EPS and FY2019 earnings at $4.35 EPS.
Several other analysts have also issued reports on FL. Telsey Advisory Group boosted their price target on shares of Foot Locker from $34.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday. Wells Fargo & Company set a $42.00 price target on shares of Foot Locker and gave the company a “hold” rating in a research report on Monday. Canaccord Genuity set a $42.00 price target on shares of Foot Locker and gave the company a “hold” rating in a research report on Tuesday. Buckingham Research boosted their price target on shares of Foot Locker from $29.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Piper Jaffray Companies reissued a “neutral” rating on shares of Foot Locker in a research report on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the stock. Foot Locker has an average rating of “Hold” and a consensus price target of $53.26.
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Foot Locker (FL) remained flat at $$40.69 during midday trading on Tuesday. 5,810,100 shares of the company traded hands, compared to its average volume of 3,475,495. Foot Locker has a fifty-two week low of $28.42 and a fifty-two week high of $79.43. The company has a quick ratio of 2.08, a current ratio of 4.39 and a debt-to-equity ratio of 0.05. The company has a market cap of $5,045.46, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 2.81 and a beta of 0.66.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 earnings per share.
Several institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. raised its holdings in Foot Locker by 50.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after buying an additional 714 shares during the last quarter. Smithfield Trust Co. raised its holdings in Foot Locker by 276.2% during the 3rd quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock valued at $113,000 after buying an additional 2,348 shares during the last quarter. Assetmark Inc. raised its holdings in Foot Locker by 205.0% during the 3rd quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock valued at $135,000 after buying an additional 2,577 shares during the last quarter. Penserra Capital Management LLC raised its holdings in Foot Locker by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after buying an additional 348 shares during the last quarter. Finally, Exane Derivatives raised its holdings in Foot Locker by 110,475.0% during the 3rd quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock valued at $156,000 after buying an additional 4,419 shares during the last quarter. 87.42% of the stock is owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be paid a $0.31 dividend. The ex-dividend date is Thursday, January 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.05%. Foot Locker’s dividend payout ratio (DPR) is 31.16%.
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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