Foot Locker Inc. (FL) to Release Quarterly Earnings on Friday
Foot Locker Inc. (NYSE:FL) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, November 18th. Analysts expect the company to announce earnings of $1.10 per share for the quarter.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, August 19th. The company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.04. Foot Locker had a return on equity of 23.99% and a net margin of 7.35%. The business earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts expect Foot Locker to post $4.76 EPS for the current fiscal year and $5.25 EPS for the next fiscal year.
Shares of Foot Locker Inc. (NYSE:FL) opened at 69.72 on Thursday. Foot Locker Inc. has a 1-year low of $50.90 and a 1-year high of $73.37. The stock’s 50 day moving average price is $68.19 and its 200 day moving average price is $61.85. The stock has a market cap of $9.29 billion, a PE ratio of 17.34 and a beta of 0.59.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, January 13th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.58%. Foot Locker’s dividend payout ratio is presently 27.23%.
In other news, Chairman Richard A. Johnson sold 50,000 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $68.04, for a total transaction of $3,402,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Lauren B. Peters sold 20,000 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $68.00, for a total value of $1,360,000.00. Following the sale, the chief financial officer now directly owns 139,597 shares in the company, valued at $9,492,596. The disclosure for this sale can be found here. Insiders own 2.92% of the company’s stock.
Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of Foot Locker by 10.2% in the second quarter. Pacer Advisors Inc. now owns 2,574 shares of the company’s stock worth $141,000 after buying an additional 239 shares during the period. Veritable L.P. increased its position in shares of Foot Locker by 4.4% in the second quarter. Veritable L.P. now owns 5,819 shares of the company’s stock worth $319,000 after buying an additional 243 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Foot Locker by 6.4% in the second quarter. Baird Financial Group Inc. now owns 4,633 shares of the company’s stock worth $254,000 after buying an additional 279 shares in the last quarter. TCW Group Inc. increased its position in shares of Foot Locker by 3.1% in the second quarter. TCW Group Inc. now owns 10,975 shares of the company’s stock worth $602,000 after buying an additional 325 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI increased its position in shares of Foot Locker by 2.1% in the second quarter. Zurich Insurance Group Ltd FI now owns 19,600 shares of the company’s stock worth $1,075,000 after buying an additional 404 shares in the last quarter. 95.31% of the stock is currently owned by institutional investors.
FL has been the topic of several analyst reports. B. Riley upgraded Foot Locker from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Friday, August 12th. Deutsche Bank AG restated a “buy” rating on shares of Foot Locker in a report on Wednesday, August 10th. Canaccord Genuity set a $75.00 price objective on Foot Locker and gave the stock a “buy” rating in a report on Monday, August 15th. Piper Jaffray Cos. set a $67.00 price objective on Foot Locker and gave the stock a “buy” rating in a report on Thursday, August 18th. Finally, Jefferies Group lifted their target price on Foot Locker from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, August 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $73.46.
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’s Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, SIX:02, Runners Point Group, including Runners Point and Sidestep.
Receive News & Stock Ratings for Foot Locker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker Inc. and related stocks with our FREE daily email newsletter.