Engineers Gate Manager LP lowered its position in shares of Foot Locker, Inc. (NYSE:FL) by 66.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,990 shares of the athletic footwear retailer’s stock after selling 35,804 shares during the quarter. Engineers Gate Manager LP’s holdings in Foot Locker were worth $887,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in FL. Nationwide Fund Advisors lifted its position in Foot Locker by 2.1% during the first quarter. Nationwide Fund Advisors now owns 37,897 shares of the athletic footwear retailer’s stock valued at $2,835,000 after buying an additional 763 shares during the period. Russell Investments Group Ltd. lifted its position in Foot Locker by 6.6% during the first quarter. Russell Investments Group Ltd. now owns 138,739 shares of the athletic footwear retailer’s stock valued at $10,382,000 after buying an additional 8,617 shares during the period. Comerica Bank lifted its position in Foot Locker by 2.2% during the first quarter. Comerica Bank now owns 56,118 shares of the athletic footwear retailer’s stock valued at $4,303,000 after buying an additional 1,217 shares during the period. World Asset Management Inc lifted its position in Foot Locker by 16.3% during the first quarter. World Asset Management Inc now owns 15,213 shares of the athletic footwear retailer’s stock valued at $1,138,000 after buying an additional 2,128 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in Foot Locker by 3.3% during the first quarter. UBS Asset Management Americas Inc. now owns 647,211 shares of the athletic footwear retailer’s stock valued at $48,418,000 after buying an additional 20,666 shares during the period. 91.36% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on the company. B. Riley reissued a “buy” rating and set a $68.00 price objective on shares of Foot Locker in a research report on Monday, May 22nd. Jefferies Group LLC set a $80.00 price objective on Foot Locker and gave the company a “buy” rating in a research report on Saturday, May 20th. Canaccord Genuity set a $75.00 price objective on Foot Locker and gave the company a “buy” rating in a research report on Saturday, May 20th. Piper Jaffray Companies set a $60.00 price objective on Foot Locker and gave the company a “hold” rating in a research report on Saturday, May 20th. Finally, Robert W. Baird lowered Foot Locker from an “outperform” rating to a “neutral” rating in a research report on Monday, August 21st. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $65.81.
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Shares of Foot Locker, Inc. (NYSE FL) opened at 36.61 on Friday. The firm’s 50 day moving average price is $41.25 and its 200-day moving average price is $58.79. The company has a market capitalization of $4.83 billion, a P/E ratio of 8.46 and a beta of 0.73. Foot Locker, Inc. has a 1-year low of $31.56 and a 1-year high of $79.43.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.28). Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Analysts expect that Foot Locker, Inc. will post $3.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s payout ratio is 28.57%.
Foot Locker Profile
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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