Foot Locker, Inc. (NYSE:FL) announced its earnings results on Thursday. The athletic footwear retailer reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.07, Bloomberg Earnings reports. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the company posted $1.13 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis.
Shares of Foot Locker (NYSE FL) opened at $40.82 on Friday. Foot Locker has a one year low of $28.42 and a one year high of $79.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.88 and a current ratio of 5.63. The firm has a market capitalization of $3,950.00, a PE ratio of 6.70, a PEG ratio of 2.09 and a beta of 0.66.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 19th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, January 18th. Foot Locker’s dividend payout ratio is currently 28.64%.
FL has been the subject of a number of research reports. Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. FBR & Co restated a “neutral” rating and issued a $58.00 price target on shares of Foot Locker in a report on Tuesday, August 15th. BidaskClub upgraded Foot Locker from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Barclays PLC set a $80.00 target price on Foot Locker and gave the company a “buy” rating in a research note on Saturday, August 5th. Finally, Morgan Stanley upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $70.00 to $65.00 in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $57.67.
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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