Foot Locker (NYSE:FL) released its earnings data on Friday. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.02, AmericanBankingNews.com reports. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis.
Foot Locker (NYSE:FL) opened at 38.27 on Monday. Foot Locker has a 52 week low of $31.07 and a 52 week high of $39.15. The stock has a 50-day moving average of $34.78 and a 200-day moving average of $34.81. The company has a market cap of $5.683 billion and a P/E ratio of 14.12.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, January 15th.
A number of analysts have recently weighed in on FL shares. Analysts at UBS AG reiterated a “buy” rating on shares of Foot Locker in a research note to investors on Friday, November 15th. They now have a $39.00 price target on the stock. On a related note, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Foot Locker in a research note to investors on Friday, November 15th. They now have a $39.00 price target on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Foot Locker from $39.00 to $42.00 in a research note to investors on Friday, November 15th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.00.
Foot Locker, Inc is a global retailer of athletic shoes and apparel, operating 3,369 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of January 28, 2012.
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