Foot Locker Releases Quarterly Earnings Results

Foot Locker Releases Quarterly Earnings Results

Foot Locker (NYSE:FL) released its earnings data on Friday. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05, AnalystRatingsNetwork reports. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.79 billion.

FL has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Foot Locker in a research note on Thursday. They now have a $51.00 price target on the stock. On the ratings front, analysts at Canaccord Genuity raised their price target on shares of Foot Locker from $52.00 to $55.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.75.

Shares of Foot Locker (NYSE:FL) opened at 48.17 on Friday. Foot Locker has a 52-week low of $31.91 and a 52-week high of $49.63. The stock has a 50-day moving average of $46.69 and a 200-day moving average of $41.9. The company has a market cap of $7.016 billion and a P/E ratio of 16.69.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Investors of record on Friday, July 18th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, July 16th.

Foot Locker, Inc is a global retailer of shoes and apparel, operating 3,335 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of February 2, 2013.

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