Foot Locker, Inc. (FL) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS
Foot Locker, Inc. (NYSE:FL) released its earnings results on Thursday. The athletic footwear retailer reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07, RTT News reports. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 earnings per share.
Foot Locker (NYSE FL) opened at $31.85 on Friday. Foot Locker has a 1 year low of $28.42 and a 1 year high of $79.43. The stock has a market capitalization of $3,868.73, a price-to-earnings ratio of 6.96, a PEG ratio of 2.17 and a beta of 0.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.88 and a current ratio of 5.63.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Thursday, January 18th. Foot Locker’s dividend payout ratio (DPR) is presently 28.57%.
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Several equities analysts recently commented on the company. Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. FBR & Co restated a “neutral” rating and set a $58.00 price target on shares of Foot Locker in a research note on Tuesday, August 15th. BidaskClub upgraded Foot Locker from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Barclays PLC set a $80.00 price target on Foot Locker and gave the stock a “buy” rating in a research note on Saturday, August 5th. Finally, Morgan Stanley upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $70.00 to $65.00 in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.80.
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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