D.A. Davidson & CO. lifted its position in shares of Foot Locker, Inc. (NYSE:FL) by 50.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,133 shares of the athletic footwear retailer’s stock after acquiring an additional 714 shares during the period. D.A. Davidson & CO.’s holdings in Foot Locker were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of FL. Vanguard Group Inc. lifted its stake in Foot Locker by 2.0% in the 1st 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 during the last quarter. BlackRock Inc. lifted its stake in Foot Locker by 2,189.3% in the 1st 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 during the last quarter. State Street Corp lifted its stake in Foot Locker by 1.7% in the 1st 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 during the last quarter. APG Asset Management N.V. lifted its stake in Foot Locker by 23.4% in the 2nd 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 during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in Foot Locker by 6.4% in the 1st 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 during the last quarter. 96.76% of the stock is owned by institutional investors.
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Foot Locker, Inc. (FL) opened at 32.93 on Thursday. The company’s 50 day moving average is $35.10 and its 200-day moving average is $53.08. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 7.61 and a beta of 0.72. Foot Locker, Inc. has a 52-week low of $31.56 and a 52-week high of $79.43.
Foot Locker (NYSE:FL) last released its earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.28). The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 earnings per share. Equities analysts anticipate that Foot Locker, Inc. will post $3.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s payout ratio is 28.57%.
FL has been the subject of several research reports. Bank of America Corporation downgraded shares of Foot Locker from a “neutral” rating to an “underperform” rating in a research note on Friday, August 18th. Morgan Stanley reissued an “overweight” rating and issued a $50.00 price objective (down previously from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. BidaskClub raised shares of Foot Locker from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. UBS AG reissued a “neutral” rating on shares of Foot Locker in a research note on Monday, August 21st. Finally, Robert W. Baird reissued a “neutral” rating on shares of Foot Locker in a research note on Sunday, August 20th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $64.38.
About Foot Locker
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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