FY2020 EPS Estimates for Foot Locker, Inc. (NYSE:FL) Lowered by Analyst

Foot Locker, Inc. (NYSE:FL) – B. Riley lowered their FY2020 earnings per share estimates for Foot Locker in a research report issued on Thursday, November 7th. B. Riley analyst S. Anderson now forecasts that the athletic footwear retailer will post earnings of $4.96 per share for the year, down from their previous estimate of $5.06. B. Riley has a “Buy” rating and a $60.00 price objective on the stock. B. Riley also issued estimates for Foot Locker’s Q4 2020 earnings at $1.71 EPS.

A number of other brokerages also recently issued reports on FL. Guggenheim set a $45.00 price objective on shares of Foot Locker and gave the company a “buy” rating in a research report on Friday, August 23rd. Morgan Stanley raised shares of Foot Locker from an “underweight” rating to an “equal weight” rating and set a $40.00 price objective on the stock in a research report on Thursday, August 8th. ValuEngine raised shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research report on Friday, October 4th. Raymond James began coverage on shares of Foot Locker in a research report on Tuesday, November 5th. They set an “outperform” rating and a $70.00 price objective on the stock. Finally, Bank of America set a $33.00 price objective on shares of Foot Locker and gave the company a “sell” rating in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $57.05.

Shares of Foot Locker stock opened at $46.20 on Monday. The company has a current ratio of 1.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.14. The company’s fifty day simple moving average is $43.36 and its two-hundred day simple moving average is $43.76. The company has a market cap of $4.99 billion, a P/E ratio of 9.92, a PEG ratio of 0.97 and a beta of 0.98. Foot Locker has a 12-month low of $33.12 and a 12-month high of $68.00.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 23rd. The athletic footwear retailer reported $0.66 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.66. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.83 billion. Foot Locker had a net margin of 6.51% and a return on equity of 21.05%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS.

Several hedge funds have recently made changes to their positions in FL. Signaturefd LLC boosted its stake in Foot Locker by 19.6% in the 3rd quarter. Signaturefd LLC now owns 1,812 shares of the athletic footwear retailer’s stock worth $78,000 after purchasing an additional 297 shares in the last quarter. Alpha Windward LLC boosted its stake in Foot Locker by 3.7% in the 2nd quarter. Alpha Windward LLC now owns 8,782 shares of the athletic footwear retailer’s stock worth $374,000 after purchasing an additional 317 shares in the last quarter. M&T Bank Corp boosted its stake in Foot Locker by 4.6% in the 2nd quarter. M&T Bank Corp now owns 8,010 shares of the athletic footwear retailer’s stock worth $336,000 after purchasing an additional 350 shares in the last quarter. Bridges Investment Management Inc. boosted its stake in Foot Locker by 5.5% in the 2nd quarter. Bridges Investment Management Inc. now owns 6,810 shares of the athletic footwear retailer’s stock worth $285,000 after purchasing an additional 356 shares in the last quarter. Finally, Empirical Finance LLC boosted its stake in Foot Locker by 0.9% in the 2nd quarter. Empirical Finance LLC now owns 48,871 shares of the athletic footwear retailer’s stock worth $2,049,000 after purchasing an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 97.90% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Thursday, October 17th. Foot Locker’s dividend payout ratio (DPR) is presently 32.27%.

About Foot Locker

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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