Foot Locker (NYSE:FL) announced its quarterly earnings results on Friday. The athletic footwear retailer reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.20, Bloomberg Earnings reports. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.96 billion. Foot Locker had a return on equity of 19.32% and a net margin of 3.65%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS.
FL opened at $55.74 on Friday. Foot Locker has a one year low of $28.42 and a one year high of $60.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.07 and a current ratio of 4.14. The firm has a market capitalization of $6.76 billion, a PE ratio of 13.27, a PEG ratio of 1.93 and a beta of 0.86.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 3rd. Stockholders of record on Friday, July 20th will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, July 19th. Foot Locker’s dividend payout ratio is presently 33.58%.
FL has been the topic of several recent research reports. Zacks Investment Research raised Foot Locker from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a report on Friday, February 2nd. Deutsche Bank set a $58.00 price target on Foot Locker and gave the stock a “buy” rating in a report on Wednesday, April 4th. Credit Suisse Group began coverage on Foot Locker in a research note on Monday, March 12th. They set an “outperform” rating and a $50.00 target price on the stock. Barclays lifted their target price on Foot Locker from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Foot Locker in a research note on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $54.49.
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.
Receive News & Ratings for Foot Locker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker and related companies with MarketBeat.com's FREE daily email newsletter.