Foot Locker, Inc. (FL) Expected to Post FY2018 Earnings of $4.16 Per Share
Foot Locker, Inc. (NYSE:FL) – Equities researchers at B. Riley raised their FY2018 earnings per share (EPS) estimates for Foot Locker in a note issued to investors on Monday. B. Riley analyst S. Anderson now anticipates that the athletic footwear retailer will earn $4.16 per share for the year, up from their previous estimate of $3.90. B. Riley has a “Hold” rating and a $40.00 price objective on the stock. B. Riley also issued estimates for Foot Locker’s Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $1.26 EPS and FY2019 earnings at $4.35 EPS.
Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The company 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 19.96% and a net margin of 6.79%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $1.13 earnings per share. WARNING: “Foot Locker, Inc. (FL) Expected to Post FY2018 Earnings of $4.16 Per Share” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/11/23/foot-locker-inc-fl-expected-to-post-fy2018-earnings-of-4-16-per-share.html.
Several other equities research analysts have also issued reports on FL. Telsey Advisory Group lifted their price objective on Foot Locker from $34.00 to $44.00 and gave the company a “market perform” rating in a research note on Monday. Canaccord Genuity set a $42.00 price objective on Foot Locker and gave the company a “hold” rating in a research note on Tuesday. Wells Fargo & Company set a $42.00 price objective on Foot Locker and gave the company a “hold” rating in a research note on Monday. Buckingham Research lifted their price objective on Foot Locker from $29.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Robert W. Baird lowered Foot Locker from an “outperform” rating to a “neutral” rating in a research note on Monday, August 21st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $53.26.
Foot Locker (FL) traded down $0.15 during trading hours on Tuesday, reaching $40.54. The company had a trading volume of 3,007,600 shares, compared to its average volume of 3,473,425. The company has a market capitalization of $5,010.00, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. Foot Locker has a 12 month low of $28.42 and a 12 month high of $79.43. The company has a quick ratio of 2.08, a current ratio of 4.39 and a debt-to-equity ratio of 0.05.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.06%. The ex-dividend date is Thursday, January 18th. Foot Locker’s dividend payout ratio (DPR) is currently 31.23%.
A number of hedge funds have recently modified their holdings of the business. D.A. Davidson & CO. increased its holdings in shares of Foot Locker by 50.3% in the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock worth $105,000 after buying an additional 714 shares during the period. Penserra Capital Management LLC increased its holdings in shares of Foot Locker by 13.0% in the second quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock worth $148,000 after buying an additional 348 shares during the period. Smithfield Trust Co. increased its holdings in shares of Foot Locker by 276.2% in the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock worth $113,000 after buying an additional 2,348 shares during the period. Assetmark Inc. increased its holdings in shares of Foot Locker by 205.0% in the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock worth $135,000 after buying an additional 2,577 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of Foot Locker by 49.6% in the second quarter. Pacer Advisors Inc. now owns 3,935 shares of the athletic footwear retailer’s stock worth $194,000 after buying an additional 1,305 shares during the period. 87.42% of the stock is owned by hedge funds and other institutional investors.
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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