The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion.
Turning to Foot Locker, Inc. Jefferies Group LLC reissued a buy rating and issued a $88.00 price target on shares of Foot Locker in a report on Friday, April 21st. Foot Locker, Inc. has 5 buy ratings, 11 holds and 0 sells even after the stock tumbled -48.77% from its high of $79.43 to a $3.94 billion market value through last close. (NYSE:FL). At the time of writing, the First Call consensus price target for the company is $39.11. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the company's stock. During the same quarter last year, the business posted $1.13 earnings per share. research analysts anticipate that Foot Locker will post 3.95 earnings per share for the current fiscal year.
Headlines about Foot Locker (NYSE:FL) have trended somewhat positive this week, according to Accern. They now have a $88.00 price target on the textile maker's stock, down from their previous price target of $89.00.
Shares of Foot Locker (FL) opened at $40.69 on Friday. The company has a market capitalization of $4,950.00, a price-to-earnings ratio of 9.67, a PEG ratio of 2.84 and a beta of 0.66. As of today, the company has a SMA200 (200-day simple moving average) of -24.05 Percent.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, November 17th. The institutional investor held 161,882 shares of the agricultural chemicals company at the end of 2017Q2, valued at $3.70M, up from 116,348 at the end of the previous reported quarter. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. Foot Locker had a net margin of 8.26% and a return on equity of 24.22%. Buckingham Research reiterated a "buy" rating and issued a $47.00 target price (down from $61.00) on shares of Foot Locker in a research note on Tuesday, August 22nd.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, January 19th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, January 18th. The Minnesota-based Gradient Invests Ltd has invested 0.47% in Foot Locker, Inc. Foot Locker's payout ratio is 31.23%. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Lauren B. Peters sold 25,000 shares of the business's stock in a transaction on Wednesday, March 8th. However, the volume average of the last three months is 0.54 million shares.
The company now has an insider ownership of 0.2 Percent and Institutional ownership of 93 Percent.
Large investors have recently modified their holdings of the company. Smithfield Trust Co. now owns 3,198 shares of the athletic footwear retailer's stock worth $113,000 after purchasing an additional 2,348 shares during the period. Capital One National Association bought a new position in Foot Locker during the third quarter valued at approximately $207,000. Smithfield Trust Co. grew its stake in shares of Foot Locker by 276.2% during the 3rd quarter. DnB Asset Management AS now owns 12,500 shares of the textile maker's stock worth $846,000 after buying an additional 1,800 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Foot Locker by 49.6% during the 2nd quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer's stock worth $148,000 after purchasing an additional 348 shares during the period. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Firm is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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