Foot Locker, Inc. (NYSE:FL) – Analysts at Wedbush issued their Q1 2019 earnings estimates for Foot Locker in a research note issued to investors on Monday, according to Zacks Investment Research. Wedbush analyst C. Svezia forecasts that the athletic footwear retailer will post earnings of $1.24 per share for the quarter. Wedbush currently has a “Outperform” rating on the stock. Wedbush also issued estimates for Foot Locker’s Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $1.08 EPS, Q4 2019 earnings at $1.44 EPS, FY2019 earnings at $4.42 EPS and FY2020 earnings at $4.82 EPS.
Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Foot Locker from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a report on Friday, February 2nd. OTR Global upgraded shares of Foot Locker to a “positive” rating in a report on Friday, February 9th. Buckingham Research cut their price objective on shares of Foot Locker from $57.00 to $53.00 and set a “buy” rating for the company in a report on Monday, March 5th. Barclays increased their price objective on shares of Foot Locker from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Finally, CIBC upgraded shares of Foot Locker from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $54.23.
Foot Locker (FL) traded down $0.60 during mid-day trading on Tuesday, reaching $43.26. 2,161,463 shares of the company’s stock were exchanged, compared to its average volume of 4,002,756. The firm has a market cap of $5,320.00, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 1.52 and a beta of 0.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.07 and a current ratio of 4.14. Foot Locker has a 12 month low of $28.42 and a 12 month high of $77.86.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.01. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.23 billion. Foot Locker had a net margin of 3.65% and a return on equity of 19.32%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 EPS.
Large investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its holdings in Foot Locker by 7,025.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,132,990 shares of the athletic footwear retailer’s stock worth $53,115,000 after buying an additional 1,117,090 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Foot Locker during the 4th quarter worth approximately $46,663,000. Bank of New York Mellon Corp lifted its holdings in Foot Locker by 32.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,591,593 shares of the athletic footwear retailer’s stock worth $126,495,000 after buying an additional 870,899 shares in the last quarter. Bank of Montreal Can lifted its holdings in Foot Locker by 367.4% during the 4th quarter. Bank of Montreal Can now owns 704,932 shares of the athletic footwear retailer’s stock worth $33,049,000 after buying an additional 554,114 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in Foot Locker by 43.0% during the 4th quarter. Two Sigma Advisers LP now owns 1,767,441 shares of the athletic footwear retailer’s stock worth $82,858,000 after buying an additional 531,710 shares in the last quarter. 96.49% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Richard A. Johnson sold 25,000 shares of the 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 $1,251,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Giovanna Cipriano sold 21,000 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was 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. Insiders have sold a total of 69,442 shares of company stock valued at $3,338,499 in the last ninety days. 1.73% of the stock is currently owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 4th. Investors of record on Friday, April 20th will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.19%. This is a boost from Foot Locker’s previous quarterly dividend of $0.31. Foot Locker’s dividend payout ratio (DPR) is presently 41.75%.
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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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