Foot Locker (FL) Expected to Post Earnings of $1.24 Per Share

Wall Street analysts forecast that Foot Locker (NYSE:FL) will announce $1.24 earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have made estimates for Foot Locker’s earnings, with the lowest EPS estimate coming in at $1.15 and the highest estimate coming in at $1.30. Foot Locker posted earnings per share of $1.36 during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.8%. The company is expected to issue its next quarterly earnings report on Friday, May 18th.

On average, analysts expect that Foot Locker will report full year earnings of $4.39 per share for the current fiscal year, with EPS estimates ranging from $4.07 to $4.60. For the next fiscal year, analysts expect that the firm will post earnings of $4.68 per share, with EPS estimates ranging from $4.00 to $5.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Foot Locker.

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Foot Locker (NYSE:FL) last posted its earnings results on Friday, March 2nd. The athletic footwear retailer reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. Foot Locker had a net margin of 3.65% and a return on equity of 19.32%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The firm’s revenue was up 4.6% on a year-over-year basis.

A number of research firms have commented on FL. Zacks Investment Research raised shares of Foot Locker from a “hold” rating to a “strong-buy” rating and set a $57.00 target price for the company in a research report on Friday, February 2nd. Wedbush reissued an “outperform” rating on shares of Foot Locker in a research report on Monday, February 5th. OTR Global raised shares of Foot Locker to a “positive” rating in a research report on Friday, February 9th. Buckingham Research cut their price objective on shares of Foot Locker from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, March 5th. Finally, Barclays boosted their price objective on shares of Foot Locker from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $54.75.

NYSE:FL opened at $45.20 on Friday. The company has a quick ratio of 2.07, a current ratio of 4.14 and a debt-to-equity ratio of 0.05. Foot Locker has a 12 month low of $28.42 and a 12 month high of $77.86. The company has a market capitalization of $5,566.95, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.61 and a beta of 0.85.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 4th. Investors of record on Friday, April 20th will be paid a dividend of $0.345 per share. This is a boost from Foot Locker’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, April 19th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.05%. Foot Locker’s payout ratio is 30.17%.

In other Foot Locker news, SVP Giovanna Cipriano sold 21,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,051,050.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard A. Johnson sold 25,000 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $50.05, for a total transaction of $1,251,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,543 shares of company stock worth $2,839,107. 2.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in Foot Locker by 9.6% in the 4th quarter. Bank of New York Mellon Corp now owns 3,935,081 shares of the athletic footwear retailer’s stock worth $184,475,000 after purchasing an additional 343,488 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Foot Locker by 43.0% in the 4th quarter. Two Sigma Advisers LP now owns 1,767,441 shares of the athletic footwear retailer’s stock worth $82,858,000 after purchasing an additional 531,710 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Foot Locker by 36.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,329,354 shares of the athletic footwear retailer’s stock worth $46,817,000 after purchasing an additional 357,669 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Foot Locker by 7,025.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,132,990 shares of the athletic footwear retailer’s stock worth $53,115,000 after purchasing an additional 1,117,090 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Foot Locker by 8.6% in the 4th quarter. Guggenheim Capital LLC now owns 1,002,535 shares of the athletic footwear retailer’s stock worth $47,000,000 after purchasing an additional 79,108 shares in the last quarter. Institutional investors and hedge funds own 96.34% of the company’s stock.

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Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

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Earnings History and Estimates for Foot Locker (NYSE:FL)

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