Schroder Investment Management Group reduced its position in shares of Foot Locker, Inc. (NYSE:FL) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 526,123 shares of the athletic footwear retailer’s stock after selling 19,100 shares during the period. Schroder Investment Management Group owned approximately 0.40% of Foot Locker worth $25,622,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Foot Locker by 2.0% during the first quarter. Vanguard Group Inc. now owns 12,986,214 shares of the athletic footwear retailer’s stock valued at $971,499,000 after purchasing an additional 257,770 shares in the last quarter. BlackRock Inc. raised its position in Foot Locker by 2,189.3% during the first quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock valued at $685,553,000 after purchasing an additional 8,763,641 shares in the last quarter. State Street Corp raised its position in Foot Locker by 1.7% during the first quarter. State Street Corp now owns 6,167,116 shares of the athletic footwear retailer’s stock valued at $461,353,000 after purchasing an additional 105,750 shares in the last quarter. APG Asset Management N.V. raised its position in Foot Locker by 23.4% during the second quarter. APG Asset Management N.V. now owns 2,497,431 shares of the athletic footwear retailer’s stock valued at $123,073,000 after purchasing an additional 473,289 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in Foot Locker by 6.4% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 2,091,976 shares of the athletic footwear retailer’s stock valued at $156,501,000 after purchasing an additional 126,500 shares in the last quarter. Institutional investors and hedge funds own 91.36% of the company’s stock.
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Several research analysts have commented on the stock. Wedbush restated an “outperform” rating and set a $83.00 price objective on shares of Foot Locker in a research report on Wednesday, May 17th. B. Riley restated a “buy” rating and set a $79.00 price objective on shares of Foot Locker in a research report on Wednesday, May 17th. Bank of America Corporation downgraded shares of Foot Locker from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $84.00 to $65.00 in a research report on Friday, May 19th. Robert W. Baird lowered their price objective on shares of Foot Locker from $85.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, May 22nd. Finally, Barclays PLC lowered their price objective on shares of Foot Locker from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, May 22nd. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company. Foot Locker has an average rating of “Hold” and a consensus target price of $65.81.
Shares of Foot Locker, Inc. (FL) opened at 35.70 on Wednesday. The company has a market cap of $4.71 billion, a PE ratio of 8.25 and a beta of 0.73. The firm’s 50-day moving average is $42.06 and its 200-day moving average is $59.40. Foot Locker, Inc. has a 12 month low of $31.56 and a 12 month high of $79.43.
Foot Locker (NYSE:FL) last announced its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.28). The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. Foot Locker’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. On average, equities research analysts predict that Foot Locker, Inc. will post $3.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s dividend payout ratio (DPR) is presently 28.57%.
Foot Locker Company 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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