Foot Locker (NYSE:FL) issued its quarterly earnings results on Thursday. The athletic footwear retailer reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.58, MarketWatch Earnings reports. Foot Locker had a return on equity of 12.40% and a net margin of 2.88%.
NYSE:FL opened at $39.28 on Monday. Foot Locker has a 52 week low of $17.46 and a 52 week high of $42.50. The firm has a 50 day moving average of $37.85 and a 200 day moving average of $31.58. The company has a quick ratio of 0.98, a current ratio of 1.69 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 3.18 and a beta of 1.38.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Friday, January 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, January 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. Foot Locker's payout ratio is 12.17%.
A number of analysts recently issued reports on the company. Bank of America upgraded Foot Locker from an "underperform" rating to a "buy" rating and raised their price target for the stock from $20.00 to $50.00 in a research report on Tuesday, October 13th. B. Riley increased their target price on Foot Locker from $30.00 to $36.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 18th. Zacks Investment Research upgraded Foot Locker from a "hold" rating to a "strong-buy" rating and set a $46.00 target price on the stock in a research note on Tuesday, November 17th. Raymond James increased their target price on Foot Locker from $35.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, November 16th. Finally, Wedbush increased their target price on Foot Locker from $37.00 to $44.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of "Buy" and a consensus target price of $39.26.
In other Foot Locker news, CEO William Scott Martin sold 3,172 shares of the firm's stock in a transaction on Monday, October 26th. The shares were sold at an average price of $38.99, for a total value of $123,676.28. Following the completion of the transaction, the chief executive officer now owns 9,470 shares of the company's stock, valued at $369,235.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP John A. Maurer sold 5,000 shares of the firm's stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $38.00, for a total transaction of $190,000.00. Following the completion of the transaction, the vice president now directly owns 24,283 shares of the company's stock, valued at approximately $922,754. The disclosure for this sale can be found here. Insiders have sold 13,310 shares of company stock valued at $499,396 in the last three months. 2.40% of the stock is currently owned by corporate insiders.
Foot Locker Company Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company retails athletic footwear, apparel, accessories, and equipment under Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, Runners Point, and Sidestep brand names.
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