NEW YORK (TheStreet) -- Shares of Foot Locker Inc (FL) closed up 0.8% to $64 on heavy volume in Thursday's regular trading session, one day ahead of the specialty athletic retailer's first quarter fiscal 2015 earnings release before the market opens Friday.
For the quarter ended April, the company is expected to earn $1.23 per share on revenue of $1.914 billion, according to analysts surveyed by Thomson Reuters.
In the same period a year ago, Foot Locker posted earnings of $1.11 per share on revenue of $1.87 billion.
On Wednesday, Foot Locker announced that its board declared a quarterly cash dividend on the company's common stock of 25 cents per share, which will be payable on July 31 to shareholders of record on July 17, 2015.
About 3.07 million shares have exchanged hands as of 4:05 p.m. ET today, compared to its average trading volume of about 1.66 million shares a day.
New York City-based Foot Locker is a specialty athletic retailer that operates roughly 3,419 stores in 23 countries in North America, Europe, Australia, and New Zealand.
The company is a provider of athletic footwear and apparel.
Separately, TheStreet Ratings team rates FOOT LOCKER INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate FOOT LOCKER INC (FL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins."