$1.38 Earnings Per Share Expected for Foot Locker, Inc. (NYSE:FL) This Quarter

Wall Street analysts predict that Foot Locker, Inc. (NYSE:FLGet Rating) will report $1.38 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Foot Locker’s earnings. The lowest EPS estimate is $1.10 and the highest is $1.92. Foot Locker posted earnings of $1.96 per share in the same quarter last year, which would suggest a negative year over year growth rate of 29.6%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Foot Locker will report full year earnings of $4.46 per share for the current fiscal year, with EPS estimates ranging from $4.33 to $4.60. For the next financial year, analysts forecast that the company will report earnings of $4.27 per share, with EPS estimates ranging from $3.81 to $5.08. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Foot Locker.

Foot Locker (NYSE:FLGet Rating) last issued its earnings results on Friday, February 25th. The athletic footwear retailer reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.24. Foot Locker had a net margin of 9.97% and a return on equity of 25.11%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the business posted $1.55 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis.

A number of equities analysts have recently commented on FL shares. Robert W. Baird cut their price target on shares of Foot Locker from $56.00 to $30.00 in a report on Tuesday, March 1st. The Goldman Sachs Group downgraded shares of Foot Locker from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $63.00 to $35.00 in a research note on Monday, February 28th. Telsey Advisory Group lowered their target price on shares of Foot Locker from $48.00 to $31.00 and set a “market perform” rating for the company in a research note on Monday, February 28th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Foot Locker from $51.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, February 28th. Finally, Williams Capital raised shares of Foot Locker from a “sell” rating to a “hold” rating in a research note on Friday, February 25th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Foot Locker has a consensus rating of “Hold” and an average price target of $42.83.

Shares of NYSE:FL traded down $0.15 during mid-day trading on Friday, reaching $29.49. 2,882,879 shares of the company’s stock were exchanged, compared to its average volume of 2,079,352. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 3.45, a PEG ratio of 0.21 and a beta of 1.28. The business’s fifty day moving average price is $30.16 and its 200-day moving average price is $40.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.63 and a current ratio of 1.36. Foot Locker has a twelve month low of $26.36 and a twelve month high of $66.71.

The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, April 14th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 13th. This is a boost from Foot Locker’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 5.43%. Foot Locker’s payout ratio is 18.69%.

In related news, VP John A. Maurer sold 3,650 shares of the business’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $31.00, for a total transaction of $113,150.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FL. Deutsche Bank AG raised its position in shares of Foot Locker by 1,361.0% in the third quarter. Deutsche Bank AG now owns 285,512 shares of the athletic footwear retailer’s stock valued at $13,036,000 after purchasing an additional 265,970 shares during the period. NN Investment Partners Holdings N.V. raised its position in shares of Foot Locker by 663.9% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 27,500 shares of the athletic footwear retailer’s stock valued at $1,200,000 after purchasing an additional 23,900 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Foot Locker by 6.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 58,118 shares of the athletic footwear retailer’s stock valued at $2,536,000 after purchasing an additional 3,336 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in Foot Locker by 2.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 55,756 shares of the athletic footwear retailer’s stock worth $2,433,000 after acquiring an additional 1,283 shares during the period. Finally, CSS LLC IL bought a new stake in Foot Locker during the 3rd quarter worth approximately $594,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.

About Foot Locker (Get Rating)

Foot Locker, Inc, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.

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