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.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on FL shares. OTR Global cut shares of Foot Locker to a "positive" rating in a research report on Monday, May 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Foot Locker from $30.00 to $32.00 in a report on Monday, May 23rd. B. Riley cut their target price on Foot Locker from $34.00 to $33.00 in a 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 company a "neutral" rating in a research note on Monday, May 23rd. Finally, UBS Group dropped their price objective on shares of Foot Locker from $35.00 to $28.00 and set a "neutral" rating on the stock in a research note on Friday, July 15th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $41.35.
Foot Locker Trading Up 2.2 %
NYSE:FL opened at $31.52 on Friday. Foot Locker has a 12 month low of $23.85 and a 12 month high of $61.50. The company has a current ratio of 1.44, a quick ratio of 0.53 and a debt-to-equity ratio of 0.14. The firm's 50 day moving average is $27.93 and its 200 day moving average is $31.42. The stock has a market capitalization of $2.98 billion, a PE ratio of 3.94, a price-to-earnings-growth ratio of 0.21 and a beta of 1.36.
Foot Locker (NYSE:FL - Get Rating) last issued its quarterly earnings results on Friday, May 20th. The athletic footwear retailer reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.13. Foot Locker had a return on equity of 23.04% and a net margin of 9.18%. The firm had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.21 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. Sell-side analysts expect that Foot Locker will post 4.51 earnings per share for the current year.
Foot Locker Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $1.60 annualized dividend and a yield of 5.08%. Foot Locker's dividend payout ratio is currently 20.00%.