State of New Jersey Common Pension Fund D lessened its position in Foot Locker, Inc. (NYSE:FL) by 10.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,000 shares of the athletic footwear retailer’s stock after selling 5,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Foot Locker were worth $1,585,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in Foot Locker by 1,291.0% during the 2nd quarter. Janus Henderson Group PLC now owns 203,991 shares of the athletic footwear retailer’s stock worth $10,053,000 after purchasing an additional 189,326 shares during the period. Dimensional Fund Advisors LP increased its holdings in Foot Locker by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 971,685 shares of the athletic footwear retailer’s stock worth $47,882,000 after purchasing an additional 91,716 shares during the period. Tobam increased its holdings in Foot Locker by 47.1% during the 2nd quarter. Tobam now owns 428,449 shares of the athletic footwear retailer’s stock worth $21,114,000 after purchasing an additional 137,206 shares during the period. Bridgewater Associates LP increased its holdings in Foot Locker by 158.1% during the 2nd quarter. Bridgewater Associates LP now owns 228,939 shares of the athletic footwear retailer’s stock worth $11,282,000 after purchasing an additional 140,253 shares during the period. Finally, Deltec Asset Management LLC purchased a new stake in Foot Locker during the 2nd quarter worth about $2,710,000. Hedge funds and other institutional investors own 96.59% of the company’s stock.
Shares of Foot Locker, Inc. (FL) opened at $29.85 on Friday. The company has a quick ratio of 2.88, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 6.70, a P/E/G ratio of 2.09 and a beta of 0.66.
Foot Locker (NYSE:FL) last posted its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.28). Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business posted $0.94 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. research analysts predict that Foot Locker, Inc. will post 3.95 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a $0.31 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.24 annualized dividend and a dividend yield of 4.15%. Foot Locker’s dividend payout ratio is currently 28.57%.
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Several equities research analysts have weighed in on FL shares. Bank of America Corporation downgraded Foot Locker from a “neutral” rating to an “underperform” rating in a report on Friday, August 18th. Zacks Investment Research upgraded Foot Locker from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Morgan Stanley reiterated an “overweight” rating and issued a $50.00 price objective (down previously from $65.00) on shares of Foot Locker in a report on Tuesday, August 29th. BidaskClub upgraded Foot Locker from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, UBS Group AG (USA) reiterated a “neutral” rating on shares of Foot Locker in a report on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company’s stock. Foot Locker currently has an average rating of “Hold” and a consensus target price of $61.22.
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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