First Trust Advisors LP increased its stake in Foot Locker, Inc. (NYSE:FL) by 77.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 657,686 shares of the athletic footwear retailer’s stock after purchasing an additional 286,776 shares during the quarter. First Trust Advisors LP owned about 0.53% of Foot Locker worth $23,164,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in Foot Locker by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock worth $311,000 after purchasing an additional 17 shares during the period. Somerset Trust Co lifted its holdings in Foot Locker by 0.7% in the second quarter. Somerset Trust Co now owns 6,100 shares of the athletic footwear retailer’s stock worth $300,000 after purchasing an additional 41 shares during the period. Honkamp Krueger Financial Services Inc. lifted its holdings in Foot Locker by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock worth $694,000 after purchasing an additional 61 shares during the period. Thrivent Financial For Lutherans lifted its holdings in Foot Locker by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock valued at $247,000 after acquiring an additional 120 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its holdings in Foot Locker by 0.5% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 30,496 shares of the athletic footwear retailer’s stock valued at $1,503,000 after acquiring an additional 159 shares during the last quarter. 96.59% of the stock is owned by institutional investors and hedge funds.
Foot Locker (NYSE:FL) last released its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.28). Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm earned $0.94 EPS. The company’s revenue for the quarter was down 4.4% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Thursday, October 12th. Foot Locker’s dividend payout ratio (DPR) is presently 28.57%.
A number of brokerages have weighed in on FL. Robert W. Baird reissued a “hold” rating and issued a $37.00 price target on shares of Foot Locker in a report on Sunday, October 29th. Cowen and Company set a $37.00 price target on shares of Foot Locker and gave the company a “hold” rating in a report on Monday, October 23rd. Zacks Investment Research raised shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Buckingham Research downgraded shares of Foot Locker from a “buy” rating to a “neutral” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Canaccord Genuity reissued a “hold” rating and issued a $39.00 price target on shares of Foot Locker in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $61.22.
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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