Foot Locker, Inc., through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names. As of January 29, 2022, it operated 2,858 retail stores in 28 countries across the United States, Canada, Europe, Australia, New Zealand, and Asia; and 142 franchised Foot Locker stores located in the Middle East and Asia. The company also offers its products through various e-commerce sites and mobile apps. Foot Locker, Inc. was founded in 1879 and is headquartered in New York, New York.
Analysts Set New Price Targets
A number of research firms have commented on FL. B. Riley reduced their price target on shares of Foot Locker from $34.00 to $33.00 in a research report on Monday, May 23rd. Robert W. Baird boosted their price target on shares of Foot Locker from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, May 23rd. Bank of America raised shares of Foot Locker from an "underperform" rating to a "neutral" rating and set a $43.00 target price for the company in a research note on Friday. UBS Group lowered their price objective on shares of Foot Locker from $35.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Foot Locker from $30.00 to $32.00 in a report on Monday, May 23rd. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $39.31.
Foot Locker Price Performance
Shares of NYSE:FL opened at $31.98 on Friday. Foot Locker has a 1-year low of $23.85 and a 1-year high of $61.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.44 and a quick ratio of 0.53. The business has a fifty day moving average price of $27.92 and a 200-day moving average price of $31.16. The company has a market capitalization of $3.02 billion, a PE ratio of 4.00, a PEG ratio of 0.23 and a beta of 1.36.
Foot Locker (NYSE:FL - Get Rating) last announced its earnings results on Friday, May 20th. The athletic footwear retailer reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.13. The business had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.21 billion. Foot Locker had a return on equity of 23.04% and a net margin of 9.18%. The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.96 earnings per share. As a group, equities analysts expect that Foot Locker will post 4.47 EPS for the current fiscal year.
Foot Locker Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.00%. Foot Locker's payout ratio is currently 20.00%.