Foot Locker, Inc. (FL) Stake Lifted by Tredje AP fonden

Tredje AP fonden raised its position in Foot Locker, Inc. (NYSE:FL) by 175.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 32,390 shares of the athletic footwear retailer’s stock after purchasing an additional 20,610 shares during the period. Tredje AP fonden’s holdings in Foot Locker were worth $1,596,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AGF Investments Inc. lifted its position in shares of Foot Locker by 50.6% during the 2nd quarter. AGF Investments Inc. now owns 98,130 shares of the athletic footwear retailer’s stock valued at $4,838,000 after acquiring an additional 32,950 shares during the period. AMG National Trust Bank lifted its position in shares of Foot Locker by 71.2% during the 2nd quarter. AMG National Trust Bank now owns 9,843 shares of the athletic footwear retailer’s stock valued at $485,000 after acquiring an additional 4,092 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Foot Locker during the 2nd quarter valued at $645,000. Sheaff Brock Investment Advisors LLC lifted its position in shares of Foot Locker by 63.7% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 27,784 shares of the athletic footwear retailer’s stock valued at $1,369,000 after acquiring an additional 10,812 shares during the period. Finally, LSV Asset Management lifted its position in shares of Foot Locker by 10.6% during the 2nd quarter. LSV Asset Management now owns 1,123,278 shares of the athletic footwear retailer’s stock valued at $55,355,000 after acquiring an additional 107,800 shares during the period. Hedge funds and other institutional investors own 91.36% of the company’s stock.

A number of research analysts recently issued reports on FL shares. B. Riley reiterated a “buy” rating and set a $79.00 target price on shares of Foot Locker in a research report on Wednesday, May 17th. Wedbush reiterated an “outperform” rating and set a $83.00 target price on shares of Foot Locker in a research report on Wednesday, May 17th. Bank of America Corporation downgraded shares of Foot Locker from a “buy” rating to a “neutral” rating and dropped their target price for the company from $84.00 to $65.00 in a research report on Friday, May 19th. Canaccord Genuity set a $75.00 target price on shares of Foot Locker and gave the company a “buy” rating in a research report on Saturday, May 20th. Finally, Jefferies Group LLC set a $80.00 target price on shares of Foot Locker and gave the company a “buy” rating in a research report on Saturday, May 20th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $65.81.

Foot Locker, Inc. (NYSE:FL) opened at 34.99 on Tuesday. The company’s 50-day moving average is $42.27 and its 200 day moving average is $59.57. Foot Locker, Inc. has a 52-week low of $31.56 and a 52-week high of $79.43. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 8.09 and a beta of 0.73.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by $0.28. The company 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%. Foot Locker’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. Equities analysts forecast that Foot Locker, Inc. will post $3.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Thursday, October 12th. Foot Locker’s dividend payout ratio is presently 28.57%.

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

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