Foot Locker, Inc. (NYSE:FL) – Wedbush boosted their FY2019 earnings estimates for shares of Foot Locker in a research note issued to investors on Tuesday. Wedbush analyst C. Svezia now forecasts that the athletic footwear retailer will post earnings of $4.30 per share for the year, up from their prior forecast of $3.85. Wedbush currently has a “Outperform” rating and a $39.00 target price on the stock.
FL has been the topic of several other reports. BidaskClub cut shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Morgan Stanley reissued an “overweight” rating and issued a $50.00 price objective (down from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. Zacks Investment Research lowered shares of Foot Locker from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 30th. ValuEngine lowered shares of Foot Locker from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Cowen reiterated a “hold” rating and issued a $37.00 price objective on shares of Foot Locker in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the company. Foot Locker presently has an average rating of “Hold” and a consensus target price of $53.53.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Foot Locker had a net margin of 6.79% and a return on equity of 19.96%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company earned $1.13 earnings per share.
Large investors have recently made changes to their positions in the company. Alps Advisors Inc. boosted its stake in Foot Locker by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock valued at $311,000 after buying an additional 17 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Foot Locker by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock valued at $247,000 after buying an additional 120 shares in the last quarter. Empirical Finance LLC boosted its stake in Foot Locker by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 31,054 shares of the athletic footwear retailer’s stock valued at $1,531,000 after buying an additional 205 shares in the last quarter. Formidable Asset Management LLC boosted its stake in Foot Locker by 2.8% in the 2nd quarter. Formidable Asset Management LLC now owns 12,446 shares of the athletic footwear retailer’s stock valued at $613,000 after buying an additional 336 shares in the last quarter. Finally, Ffcm LLC boosted its stake in Foot Locker by 9.3% in the 2nd quarter. Ffcm LLC now owns 4,072 shares of the athletic footwear retailer’s stock valued at $201,000 after buying an additional 348 shares in the last quarter. 87.82% of the stock is currently owned by institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, January 19th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s dividend payout ratio is currently 31.16%.
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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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