Foot Locker (FL) to Release Earnings on Friday

Foot Locker (NYSE:FL – Get Rating) is set to release its earnings data before the market opens on Friday, May 19th. Analysts expect Foot Locker to post earnings of $0.80 per share for the quarter. Foot Locker has set its FY24 guidance at $3.35-3.65 EPS and its FY 2023 guidance at $3.35-$3.65 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Foot Locker (NYSE:FL – Get Rating) last posted its earnings results on Monday, March 20th. The athletic footwear retailer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.45. Foot Locker had a return on equity of 14.57% and a net margin of 3.91%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts expect Foot Locker to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Foot Locker Trading Down 0.5 %

Shares of FL stock opened at $38.63 on Friday. Foot Locker has a 1 year low of $23.85 and a 1 year high of $47.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.55. The stock’s 50 day simple moving average is $40.92 and its two-hundred day simple moving average is $39.23. The company has a market cap of $3.61 billion, a PE ratio of 10.82 and a beta of 1.23.

Foot Locker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, April 14th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, April 13th. This represents a $1.60 dividend on an annualized basis and a yield of 4.14%. Foot Locker’s dividend payout ratio (DPR) is presently 44.82%.

Wall Street Analysts Forecast Growth

FL has been the topic of a number of analyst reports. Barclays cut their target price on Foot Locker from $43.00 to $42.00 in a research note on Tuesday, May 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Foot Locker from $36.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, March 21st. Citigroup raised Foot Locker from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $50.00 in a research note on Tuesday, March 21st. JPMorgan Chase & Co. increased their price objective on Foot Locker from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, January 26th. Finally, Wedbush reissued a “neutral” rating on shares of Foot Locker in a research note on Tuesday, March 21st. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.25.

Hedge Funds Weigh In On Foot Locker

Large investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Foot Locker by 5.0% during the first quarter. BlackRock Inc. now owns 8,129,401 shares of the athletic footwear retailer’s stock worth $241,118,000 after purchasing an additional 386,775 shares during the last quarter. State Street Corp grew its holdings in shares of Foot Locker by 9.4% during the second quarter. State Street Corp now owns 2,895,754 shares of the athletic footwear retailer’s stock worth $73,118,000 after purchasing an additional 248,611 shares during the last quarter. Morgan Stanley grew its holdings in shares of Foot Locker by 2.3% during the fourth quarter. Morgan Stanley now owns 1,667,471 shares of the athletic footwear retailer’s stock worth $63,014,000 after purchasing an additional 37,936 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Foot Locker by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,474,528 shares of the athletic footwear retailer’s stock worth $55,722,000 after purchasing an additional 37,048 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Foot Locker by 56.5% during the second quarter. Northern Trust Corp now owns 1,103,775 shares of the athletic footwear retailer’s stock worth $27,871,000 after purchasing an additional 398,312 shares during the last quarter. Hedge funds and other institutional investors own 95.06% of the company’s stock.

About Foot Locker

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Foot Locker, Inc engages in the retail of athletic shoes and apparel. The firm uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates through following segments: North America, EMEA (Europe, Middle East, and Africa, and Asia Pacific.