Foot Locker, Inc. (NYSE:FL) to Release Quarterly Earnings on Thursday
Foot Locker, Inc. (NYSE:FL) is scheduled to be announcing its earnings results before the market opens on Thursday, August 17th. Analysts expect the company to announce earnings of $0.92 per share for the quarter.
Foot Locker, Inc. (FL) opened at 49.80 on Thursday. The firm has a market capitalization of $6.54 billion, a P/E ratio of 10.22 and a beta of 0.68. The firm has a 50-day moving average price of $48.41 and a 200-day moving average price of $64.80. Foot Locker, Inc. has a 52 week low of $44.59 and a 52 week high of $79.43. Foot Locker also was the recipient of unusually large options trading activity on Tuesday. Stock investors acquired 11,770 put options on the stock. This is an increase of 447% compared to the average volume of 2,150 put options.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.24 annualized dividend and a yield of 2.49%. Foot Locker’s dividend payout ratio is 25.36%.
In other Foot Locker news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total value of $332,640.00. Following the sale, the director now directly owns 8,964 shares in the company, valued at $532,461.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.73% of the company’s stock.
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Several analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $79.00 price objective on shares of Foot Locker in a research note on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $88.00 price objective on shares of Foot Locker in a research note on Friday, April 21st. Zacks Investment Research cut shares of Foot Locker from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Cowen and Company reaffirmed a “market perform” rating and set a $77.00 price objective on shares of Foot Locker in a research note on Sunday, April 23rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $88.00 price objective (down from $89.00) on shares of Foot Locker in a research note on Sunday, April 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $72.92.
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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