Foot Locker, Inc. (FL) Earns Outperform Rating from Wedbush
Wedbush reissued their outperform rating on shares of Foot Locker, Inc. (NYSE:FL) in a research note released on Monday morning. They currently have a $39.00 target price on the athletic footwear retailer’s stock, down from their previous target price of $46.00. Wedbush also issued estimates for Foot Locker’s Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $1.27 EPS, Q4 2018 earnings at $1.20 EPS, FY2018 earnings at $4.05 EPS, FY2018 earnings at $4.09 EPS, FY2019 earnings at $3.90 EPS and FY2019 earnings at $3.85 EPS.
Other analysts also recently issued reports about the stock. Barclays PLC set a $80.00 price objective on shares of Foot Locker and gave the company a buy rating in a report on Saturday, August 5th. Jefferies Group LLC reiterated a buy rating and issued a $80.00 price objective on shares of Foot Locker in a report on Thursday, August 3rd. Buckingham Research reiterated a buy rating and issued a $47.00 price objective (down from $61.00) on shares of Foot Locker in a report on Tuesday, August 22nd. ValuEngine upgraded shares of Foot Locker from a hold rating to a buy rating in a report on Monday, October 2nd. Finally, Deutsche Bank AG upgraded shares of Foot Locker from a hold rating to a buy rating and boosted their target price for the stock from $38.00 to $45.00 in a report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. Foot Locker has an average rating of Hold and a consensus target price of $53.26.
Foot Locker (NYSE:FL) opened at $40.54 on Monday. The company has a quick ratio of 2.08, a current ratio of 4.39 and a debt-to-equity ratio of 0.05. Foot Locker has a one year low of $28.42 and a one year high of $79.43. The firm has a market cap of $5,026.86, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66.
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 Zacks’ consensus estimate of $0.80 by $0.07. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the company earned $1.13 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. equities research analysts expect that Foot Locker will post 4.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.06%. Foot Locker’s payout ratio is presently 31.16%.
Several institutional investors have recently made changes to their positions in FL. D.A. Davidson & CO. boosted its position 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 valued at $105,000 after acquiring an additional 714 shares during the period. Smithfield Trust Co. lifted its position in Foot Locker by 276.2% during the third quarter. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer’s stock worth $113,000 after purchasing an additional 2,348 shares during the period. Assetmark Inc. lifted its position in Foot Locker by 205.0% during the third quarter. Assetmark Inc. now owns 3,834 shares of the athletic footwear retailer’s stock worth $135,000 after purchasing an additional 2,577 shares during the period. Penserra Capital Management LLC lifted its position in Foot Locker by 13.0% during the second quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock worth $148,000 after purchasing an additional 348 shares during the period. Finally, Exane Derivatives lifted its position in Foot Locker by 110,475.0% during the third quarter. Exane Derivatives now owns 4,423 shares of the athletic footwear retailer’s stock worth $156,000 after purchasing an additional 4,419 shares during the period. 87.42% of the stock is owned by institutional investors.
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.
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