Foot Locker, Inc. (FL) Releases Earnings Results, Misses Expectations By $0.28 EPS
Foot Locker, Inc. (NYSE:FL) issued its quarterly earnings data on Friday. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.28, Bloomberg Earnings reports. Foot Locker had a net margin of 8.39% and a return on equity of 23.87%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was down 4.4% compared to the same quarter last year.
Shares of Foot Locker (NYSE:FL) traded down 27.92% on Friday, hitting $34.38. 36,216,618 shares of the stock were exchanged. The company has a 50-day moving average price of $47.92 and a 200-day moving average price of $63.26. The firm has a market capitalization of $4.54 billion, a PE ratio of 7.95 and a beta of 0.68. Foot Locker has a one year low of $34.29 and a one year high of $79.43.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s dividend payout ratio is currently 28.57%.
TRADEMARK VIOLATION WARNING: “Foot Locker, Inc. (FL) Releases Earnings Results, Misses Expectations By $0.28 EPS” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/08/20/foot-locker-inc-fl-releases-earnings-results-misses-expectations-by-0-28-eps.html.
In related news, Director Jarobin Gilbert, Jr. sold 5,600 shares of Foot Locker 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 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 accessible through this hyperlink. Insiders own 2.90% of the company’s stock.
Several research analysts recently commented on the company. Robert W. Baird reissued an “outperform” rating and set a $65.00 target price (down from $77.00) on shares of Foot Locker in a research note on Sunday. Jefferies Group LLC set a $61.00 price objective on Foot Locker and gave the stock a “buy” rating in a research report on Saturday. Canaccord Genuity cut Foot Locker from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America Corporation downgraded Foot Locker from a “neutral” rating to an “underperform” rating in a report on Friday. Finally, J P Morgan Chase & Co downgraded Foot Locker from an “overweight” rating to a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $68.81.
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.
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.