Foot Locker, Inc. (NYSE:FL) – Equities researchers at Oppenheimer boosted their FY2018 earnings per share (EPS) estimates for Foot Locker in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Oppenheimer analyst A. Andreeva now forecasts that the athletic footwear retailer will post earnings per share of $4.09 for the year, up from their previous forecast of $4.05. Oppenheimer currently has a “Outperform” rating and a $70.00 target price on the stock. 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 earnings results 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 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 6.79% and a return on equity of 19.96%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 earnings per share.
Several other equities research analysts also recently commented on the stock. OTR Global raised shares of Foot Locker to a “positive” rating in a research report on Friday. Wedbush reissued an “outperform” rating on shares of Foot Locker in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of Foot Locker from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a report on Friday, February 2nd. ValuEngine cut shares of Foot Locker from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, CIBC upgraded shares of Foot Locker from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $56.15.
Foot Locker (FL) traded up $0.36 during trading hours on Thursday, hitting $46.24. 4,473,288 shares of the stock traded hands, compared to its average volume of 3,300,000. 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 company has a market capitalization of $5,600.00, a P/E ratio of 11.65, a PEG ratio of 2.15 and a beta of 0.80. Foot Locker has a one year low of $28.42 and a one year high of $77.86.
The business also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, January 19th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Thursday, January 18th. Foot Locker’s payout ratio is 31.23%.
In related news, Director Matthew M. Mckenna sold 10,899 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Giovanna Cipriano sold 21,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $50.05, for a total transaction of $1,051,050.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,899 shares of company stock worth $2,801,692. Corporate insiders own 2.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. lifted its stake in shares of 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 in the last quarter. CenterStar Asset Management LLC purchased a new stake in shares of Foot Locker during the 4th quarter valued at approximately $138,000. Smithfield Trust Co. lifted its stake in shares of 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 in the last quarter. Assetmark Inc. lifted its stake in shares of 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 in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Foot Locker during the 4th quarter valued at approximately $188,000. Institutional investors own 89.01% of the company’s stock.
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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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