Korea Investment CORP Has $5.81 Million Stake in Foot Locker, Inc. (FL)

Korea Investment CORP cut its stake in shares of Foot Locker, Inc. (NYSE:FL) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,020 shares of the athletic footwear retailer’s stock after selling 4,800 shares during the period. Korea Investment CORP owned 0.13% of Foot Locker worth $5,812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FL. Alps Advisors Inc. increased its position in shares of 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 last quarter. Somerset Trust Co increased its position in shares of 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 last quarter. Honkamp Krueger Financial Services Inc. increased its position in shares of 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 last quarter. Thrivent Financial For Lutherans increased its position in shares of Foot Locker by 2.5% in the second quarter. Thrivent Financial For Lutherans now owns 5,010 shares of the athletic footwear retailer’s stock worth $247,000 after purchasing an additional 120 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its position in shares of Foot Locker by 0.5% in the second quarter. Xact Kapitalforvaltning AB now owns 30,496 shares of the athletic footwear retailer’s stock worth $1,503,000 after purchasing an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 96.59% of the company’s stock.

FL has been the topic of several research analyst reports. Morgan Stanley upgraded shares of Foot Locker from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $70.00 to $65.00 in a research report on Tuesday, August 8th. Credit Suisse Group reiterated a “neutral” rating and set a $52.00 price target (down from $66.00) on shares of Foot Locker in a research report on Tuesday, August 1st. ValuEngine upgraded shares of Foot Locker from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Jefferies Group LLC set a $61.00 price target on shares of Foot Locker and gave the company a “buy” rating in a research report on Saturday, August 19th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Foot Locker in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.22.

Foot Locker, Inc. (NYSE:FL) opened at $29.85 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 2.88. The stock has a market cap of $3.72 billion, a P/E ratio of 6.70, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66.

Foot Locker (NYSE:FL) last issued its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing analysts’ consensus estimates 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 in the previous year, the business earned $0.94 earnings per share. The firm’s revenue was down 4.4% on a year-over-year basis. analysts anticipate that Foot Locker, Inc. will post 3.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Thursday, October 12th. Foot Locker’s payout ratio is currently 28.57%.

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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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Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

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