Foot Locker (FL) to Release Quarterly Earnings on Thursday

Foot Locker (NYSE:FL) is scheduled to announce its earnings results before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $1.21 per share for the quarter.

Foot Locker (NYSE:FL) last posted its earnings results on Friday, November 17th. The athletic footwear retailer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.82 billion. Foot Locker had a return on equity of 19.96% and a net margin of 6.79%. Foot Locker’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 earnings per share. On average, analysts expect Foot Locker to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Foot Locker (FL) opened at $48.58 on Thursday. The company has a current ratio of 4.41, a quick ratio of 2.09 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5,890.00, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 2.15 and a beta of 0.80. Foot Locker has a twelve month low of $28.42 and a twelve month high of $77.86.

A number of analysts have weighed in on FL shares. Jefferies Group set a $61.00 target price on Foot Locker and gave the stock a “buy” rating in a report on Friday, November 17th. Deutsche Bank upgraded Foot Locker from a “hold” rating to a “buy” rating and upped their target price for the stock from $38.00 to $45.00 in a report on Friday, November 17th. Citigroup upped their target price on Foot Locker from $40.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, November 20th. ValuEngine raised Foot Locker from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Canaccord Genuity raised Foot Locker from a “hold” rating to a “buy” rating and upped their price target for the stock from $42.00 to $64.00 in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $56.15.

In related news, Director Matthew M. Mckenna sold 10,899 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $45.82, for a total value of $499,392.18. Following the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,603,700. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Giovanna Cipriano sold 21,000 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $50.05, for a total value of $1,051,050.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,899 shares of company stock worth $2,801,692. 1.73% of the stock is owned by insiders.

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Foot Locker Company Profile

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company 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.

Earnings History for Foot Locker (NYSE:FL)

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