Foot Locker, Inc. (NYSE:FL) EPS Analysis

It improved, as 45 investors sold Foot Locker, Inc. shares while 189 reduced holdings.

Foot Locker Inc. shares are down 15.5% in Friday trading after the athletic shoe and apparel retailer said its first-quarter results were damaged by a delay in customer receipt of IRS tax refunds. The fund purchased 53,794 shares of the textile maker’s stock, valued at approximately $4,024,000. More interesting news about Foot Locker, Inc.

The company’s cash flows and earnings have risen steadily over the last years, and yet the company’s shares cratered after missing estimates just slightly. FBR & Co also issued estimates for Foot Locker’s FY2018 earnings at $5.28 EPS. Finally, Systematic Financial Management LP increased its stake in Foot Locker by 2.9% in the fourth quarter. Wellington Shields Capital Management LLC now owns 10,000 shares of the textile maker’s stock valued at $677,000 after buying an additional 5,000 shares in the last quarter.

Depending on the earnings numbers reported, Foot Locker, Inc. (Symbol: FL) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.24), with the stock changing hands as low as $58.13 on the day. Hodges Capital Management Inc. now owns 9,028 shares of the textile maker’s stock valued at $640,000 after buying an additional 28 shares during the last quarter.

Foot Locker seems to be in better shape than its peers and is looking cheap at a P/E of 12 after today’s sell-off. (NYSE:FL) rating on Friday, August 12. Foot Locker still is ahead of its 52 week low, but now trading at the lower end of the range it has been in over the past year. Foot Locker, Inc. (NYSE:FL) has a Return on Assets of 17.60%, which is key indicator of how profitable a company is relative to its total assets. The FactSet consensus was for EPS of $1.38 and sales of $2.02 billion. Revenues of $7.26 billion in the quarter also bettered estimates of $7.24 billion. The analysts estimated EPS for the higher end at 1.08 and lower end at 1 while the year ago reported earnings per share was 1.03.

Still, Harrison believes demand across sporting goods will grow over the rest of the year, and Foot Locker, he said, can capitalize. Instead of running down a quick checklist of a plethora of companies reporting, as in weeks past, we focus in on mechanical equipment major Deere & Company DE and specialty retailer Foot Locker, Inc.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 28th. The ex-dividend date is Wednesday, July 12th. Foot Locker’s dividend payout ratio is presently 23.71%.

A number of equities analysts recently issued reports on FL shares. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of US & global copyright laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/05/20/russell-investments-group-ltd-increases-position-in-foot-locker-inc-fl.html.

“[Foot Locker’s] improving product offerings, excitement around Nike’s National Basketball Association sponsorship, remodel lifts, and overall high engagement with customers should continue to drive results and share gains”, Susquehanna analyst Sam Poser wrote in a note to investors Friday morning. Revenue estimates were missed by 1%, earnings per share estimates were missed by a little less than 2% – not great, but this doesn’t seem like an appropriate reason for a 15% share price cut.

The share price of Foot Locker, Inc. Canaccord Genuity reaffirmed a “buy” rating and set a $83.00 target price on shares of Foot Locker in a report on Monday, January 23rd. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $80.91.

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