Rothschild & Co. Asset Management US Inc. decreased its position in shares of Foot Locker, Inc. (NYSE:FL) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,135 shares of the athletic footwear retailer’s stock after selling 7,650 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Foot Locker were worth $6,555,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in Foot Locker by 148.4% during the 4th quarter. Parallel Advisors LLC now owns 631 shares of the athletic footwear retailer’s stock worth $25,000 after purchasing an additional 377 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new stake in Foot Locker in the fourth quarter valued at approximately $27,000. Huntington National Bank lifted its stake in Foot Locker by 432.8% in the fourth quarter. Huntington National Bank now owns 714 shares of the athletic footwear retailer’s stock valued at $28,000 after buying an additional 580 shares during the last quarter. BBVA USA Bancshares Inc. purchased a new stake in Foot Locker in the fourth quarter valued at approximately $29,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in Foot Locker in the fourth quarter valued at approximately $33,000. 93.82% of the stock is currently owned by institutional investors and hedge funds.
Foot Locker stock traded down $3.52 during trading hours on Thursday, hitting $21.53. The stock had a trading volume of 3,921,750 shares, compared to its average volume of 3,789,457. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.00 and a quick ratio of 0.99. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 4.71, a PEG ratio of 0.69 and a beta of 0.86. Foot Locker, Inc. has a 1-year low of $24.79 and a 1-year high of $65.04. The stock’s fifty day moving average is $37.20 and its two-hundred day moving average is $39.93.
Foot Locker (NYSE:FL) last posted its earnings results on Friday, February 28th. The athletic footwear retailer reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.05. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.24 billion. Foot Locker had a return on equity of 21.48% and a net margin of 6.22%. Foot Locker’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.56 earnings per share. As a group, sell-side analysts anticipate that Foot Locker, Inc. will post 5.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, April 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.43%. This is a positive change from Foot Locker’s previous quarterly dividend of $0.38. Foot Locker’s dividend payout ratio (DPR) is presently 30.83%.
Several equities research analysts have recently commented on FL shares. Wedbush restated a “buy” rating and set a $50.00 price target on shares of Foot Locker in a research note on Monday, November 25th. Raymond James cut their price target on Foot Locker from $65.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. ValuEngine cut Foot Locker from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Standpoint Research upgraded Foot Locker from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Finally, Barclays restated a “hold” rating and set a $45.00 price target (down previously from $48.00) on shares of Foot Locker in a research note on Sunday, November 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $47.78.
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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