Foot Locker, Inc. (NYSE:FL) declared a quarterly dividend on Tuesday, November 19th, Zacks reports. Stockholders of record on Friday, January 17th will be given a dividend of 0.38 per share by the athletic footwear retailer on Friday, January 31st. This represents a $1.52 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Thursday, January 16th.
Foot Locker has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Foot Locker has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Foot Locker to earn $5.28 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 28.8%.
Foot Locker stock opened at $38.83 on Tuesday. The business has a 50 day moving average of $39.28 and a 200-day moving average of $40.96. Foot Locker has a 1 year low of $33.12 and a 1 year high of $68.00. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 0.84. The company has a market capitalization of $4.09 billion, a P/E ratio of 8.24, a P/E/G ratio of 0.89 and a beta of 0.92.
Foot Locker (NYSE:FL) last released its earnings results on Friday, November 22nd. The athletic footwear retailer reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Foot Locker had a net margin of 6.39% and a return on equity of 21.66%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. Equities analysts anticipate that Foot Locker will post 4.92 EPS for the current year.
A number of research firms have weighed in on FL. Raymond James decreased their target price on shares of Foot Locker from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Monday, November 25th. Pivotal Research reissued a “buy” rating and set a $54.00 target price on shares of Foot Locker in a research report on Monday, November 25th. Standpoint Research raised shares of Foot Locker from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Citigroup increased their target price on shares of Foot Locker from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Finally, Wedbush reissued a “buy” rating and set a $50.00 target price on shares of Foot Locker in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $54.30.
Foot Locker Company Profile
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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