$0.80 EPS Expected for Foot Locker, Inc. (FL)

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Special Field Air Force-1 Mid “OBJ” launches at Sneakeasy on November 22

FL has been the topic of several other reports. The firm has "Sell" rating by Zacks given on Monday, September 21. Barclays PLC set a $80.00 target price on Foot Locker and gave the stock a buy rating in a report on Saturday, August 5th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Foot Locker in a report on Tuesday, August 15th. Finally, Credit Suisse Group reissued a "neutral" rating and issued a $52.00 price objective (down previously from $66.00) on shares of Foot Locker in a research note on Tuesday, August 1st.

Foot Locker (NYSE FL) traded up $0.36 during midday trading on Wednesday, hitting $30.00. 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 stock has a market capitalization of $3,930.00, a P/E ratio of 6.70, a PEG ratio of 2.09 and a beta of 0.66. Foot Locker has a fifty-two week low of $28.42 and a fifty-two week high of $79.43.

The stock had fallen more than 55% before Friday's earnings report as new athletic footwear styles failed to excite shoppers amid competition from the online segment led by Amazon. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.80 billion. After $1.00 actual EPS reported by InterDigital, Inc. for the previous quarter, Wall Street now forecasts -27.00% negative EPS growth. Research analysts expect Foot Locker to earn $3.73 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 33.2%.

Foot Locker shares surge the most in 40 years after earnings beat
Foot Locker Q3 Earnings Top Wall Street Targets

In August, when Foot Locker reported second-quarter results, CEO Richard Johnson said sales of "some recent top styles fell well short of our expectations" and that there was a shortage of "innovative" products. Shareholders of record on Friday, January 19th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.89%. The stock of Foot Locker, Inc. If you are viewing this story on another site, it was copied illegally and reposted in violation of US and global trademark & copyright laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/16/foot-locker-inc-fl-given-consensus-recommendation-of-hold-by-brokerages.html.

Several hedge funds have recently modified their holdings of the stock. Smithfield Trust Co. lifted its position in shares of Foot Locker by 276.2% in the third quarter. The firm owned $8.33 million shares of the company's stock after selling 3.41 million shares during the period. Northern Corp invested 0.02% of its portfolio in Foot Locker, Inc. The biggest holder now is Matthew D. Serra who owns 758,585 shares (0.61% of those outstanding), whilst Kenneth (Ken) C. Hicks holds 565,805 (0.46% of shares outstanding) and Mr. Richard A. Johnson holds 262,589 (0.21% of shares outstanding). Rockefeller Financial Services Inc. purchased a new stake in Foot Locker in the third quarter valued at $42,618,000. Finally, Vident Investment Advisory LLC raised its position in shares of Foot Locker by 95.6% in the third quarter. Cigna Corporation has 7 buy ratings, 4 holds and 0 sells even after the stock tumbled -4.51% from its high of $206.45 to a $48.49 billion market value through last close.

Foot Locker, Inc.is a retailer of shoes and apparel. As part of Foot Locker's over-arching strategy to offer differentiated brand experiences and products, the two companies are again joining forces to offer industry-leading experiences to consumers through innovative in-store and pop-up opportunities.

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