Foot Locker, Inc. (NYSE:FL) – Analysts at Wedbush increased their Q3 2018 earnings per share (EPS) estimates for Foot Locker in a research note issued on Wednesday. Wedbush analyst C. Svezia now forecasts that the athletic footwear retailer will earn $0.84 per share for the quarter, up from their prior estimate of $0.82. Wedbush also issued estimates for Foot Locker’s Q4 2018 earnings at $1.27 EPS, FY2018 earnings at $4.09 EPS and FY2019 earnings at $3.90 EPS.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Thursday, November 16th. The athletic footwear retailer reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. Foot Locker’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 EPS.
A number of other analysts also recently commented on FL. B. Riley reiterated a “neutral” rating on shares of Foot Locker in a report on Wednesday, November 1st. Telsey Advisory Group cut their price objective on shares of Foot Locker from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Monday, November 13th. Robert W. Baird downgraded shares of Foot Locker from an “outperform” rating to a “neutral” rating in a report on Monday, August 21st. Piper Jaffray Companies reiterated a “neutral” rating on shares of Foot Locker in a report on Monday, August 21st. Finally, Cowen and Company reiterated a “hold” rating and issued a $33.00 price objective on shares of Foot Locker in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. Foot Locker presently has a consensus rating of “Hold” and a consensus target price of $57.67.
Shares of Foot Locker (NYSE:FL) opened at $40.82 on Friday. The company has a market cap of $3,950.00, a PE ratio of 6.70, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66. The company has a quick ratio of 2.88, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. Foot Locker has a 1-year low of $28.42 and a 1-year high of $79.43.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be given a $0.31 dividend. The ex-dividend date is Thursday, January 18th. This represents a $1.24 annualized dividend and a yield of 3.04%. Foot Locker’s dividend payout ratio is presently 28.64%.
A number of hedge funds have recently modified their holdings of the business. Alps Advisors Inc. boosted its position in Foot Locker by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock valued at $311,000 after buying an additional 17 shares during the period. Honkamp Krueger Financial Services Inc. boosted its position in Foot Locker by 0.4% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock valued at $694,000 after buying an additional 61 shares during the period. Thrivent Financial For Lutherans boosted its position in Foot Locker by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock valued at $247,000 after buying an additional 120 shares during the period. Empirical Finance LLC boosted its position in Foot Locker by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 31,054 shares of the athletic footwear retailer’s stock valued at $1,531,000 after buying an additional 205 shares during the period. Finally, Formidable Asset Management LLC boosted its position in Foot Locker by 2.8% in the 2nd quarter. Formidable Asset Management LLC now owns 12,446 shares of the athletic footwear retailer’s stock valued at $613,000 after buying an additional 336 shares during the period. 95.20% of the stock is owned by institutional investors.
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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